Bilibili (NASDAQ:BILI) Rating Increased to Buy at Daiwa Capital Markets

Bilibili (NASDAQ:BILI - Get Free Report) was upgraded by research analysts at Daiwa Capital Markets from a "neutral" rating to a "buy" rating in a report issued on Friday, Marketbeat Ratings reports.

Several other research firms have also weighed in on BILI. Sanford C. Bernstein upped their target price on Bilibili from $12.00 to $13.00 and gave the company a "market perform" rating in a report on Friday, August 23rd. Nomura raised Bilibili from a "neutral" rating to a "buy" rating and set a $18.00 target price on the stock in a report on Thursday, August 22nd. Barclays raised Bilibili from an "equal weight" rating to an "overweight" rating and upped their target price for the company from $14.00 to $19.00 in a report on Friday, August 23rd. Daiwa America lowered Bilibili from a "strong-buy" rating to a "hold" rating in a report on Thursday, October 3rd. Finally, Bank of America upped their target price on Bilibili from $19.00 to $22.50 and gave the company a "buy" rating in a report on Friday, October 25th. Four analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $18.15.

Bilibili Price Performance

Shares of Bilibili stock traded down $1.54 on Friday, reaching $22.59. 5,682,345 shares of the company were exchanged, compared to its average volume of 7,210,319. Bilibili has a 1-year low of $8.80 and a 1-year high of $31.77. The company has a market cap of $9.36 billion, a P/E ratio of -16.86 and a beta of 0.86. The stock's 50 day moving average price is $20.08 and its 200-day moving average price is $16.72.

Bilibili (NASDAQ:BILI - Get Free Report) last posted its quarterly earnings data on Thursday, August 22nd. The company reported ($0.65) earnings per share for the quarter, missing the consensus estimate of ($0.10) by ($0.55). The firm had revenue of $6.13 billion during the quarter, compared to analyst estimates of $6.10 billion. Bilibili had a negative net margin of 16.71% and a negative return on equity of 22.44%. Bilibili's revenue was up 15.5% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.43) earnings per share. On average, research analysts predict that Bilibili will post -0.32 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Blue Trust Inc. increased its holdings in shares of Bilibili by 227.3% during the 3rd quarter. Blue Trust Inc. now owns 1,283 shares of the company's stock valued at $30,000 after acquiring an additional 891 shares during the last quarter. CWM LLC increased its holdings in shares of Bilibili by 61.9% during the 2nd quarter. CWM LLC now owns 2,232 shares of the company's stock valued at $34,000 after acquiring an additional 853 shares during the last quarter. Venturi Wealth Management LLC bought a new stake in Bilibili during the 3rd quarter valued at approximately $63,000. Sandia Investment Management LP bought a new stake in Bilibili during the 1st quarter valued at approximately $112,000. Finally, Assetmark Inc. bought a new stake in Bilibili during the 3rd quarter valued at approximately $159,000. 16.08% of the stock is owned by institutional investors and hedge funds.

About Bilibili

Bilibili Inc provides online entertainment services for the young generations in the People's Republic of China. It offers a range of digital content, including professional user generated videos, mobile games, and value-added services, such as live broadcasting, occupationally generated videos, audio drama on Maoer, and comics on Bilibili Comic.