Daiwa America Upgrades Bilibili (NASDAQ:BILI) to Strong-Buy

Bilibili (NASDAQ:BILI - Get Free Report) was upgraded by equities researchers at Daiwa America from a "hold" rating to a "strong-buy" rating in a research note issued on Friday,Zacks.com reports.

Several other research analysts have also weighed in on the company. Daiwa Capital Markets raised Bilibili from a "neutral" rating to a "buy" rating in a research report on Friday. Sanford C. Bernstein upped their price target on Bilibili from $12.00 to $13.00 and gave the stock a "market perform" rating in a research note on Friday, August 23rd. Morgan Stanley assumed coverage on Bilibili in a research note on Wednesday, September 25th. They set an "equal weight" rating and a $20.00 target price for the company. The Goldman Sachs Group upgraded Bilibili from a "neutral" rating to a "buy" rating and increased their target price for the company from $16.50 to $22.60 in a research note on Thursday, September 26th. Finally, Barclays raised Bilibili from an "equal weight" rating to an "overweight" rating and upped their price target for the company from $14.00 to $19.00 in a report on Friday, August 23rd. Three investment analysts have rated the stock with a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, Bilibili currently has a consensus rating of "Moderate Buy" and a consensus target price of $18.51.

Bilibili Stock Down 7.6 %

BILI stock traded down $1.72 during trading on Friday, reaching $21.03. 3,651,052 shares of the company's stock were exchanged, compared to its average volume of 7,176,055. Bilibili has a 1-year low of $8.80 and a 1-year high of $31.77. The company's fifty day moving average price is $20.25 and its 200-day moving average price is $16.85. The firm has a market cap of $8.71 billion, a PE ratio of -15.78 and a beta of 0.86.

Bilibili (NASDAQ:BILI - Get Free Report) last announced its earnings results on Thursday, August 22nd. The company reported ($0.65) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.10) by ($0.55). The company had revenue of $6.13 billion for the quarter, compared to analyst estimates of $6.10 billion. Bilibili had a negative return on equity of 22.44% and a negative net margin of 16.71%. The firm's revenue for the quarter was up 15.5% on a year-over-year basis. During the same period last year, the firm earned ($0.43) earnings per share. As a group, sell-side analysts expect that Bilibili will post -0.32 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of Bilibili by 31.6% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,294,180 shares of the company's stock valued at $30,258,000 after purchasing an additional 311,073 shares in the last quarter. Jennison Associates LLC lifted its holdings in shares of Bilibili by 208.4% in the third quarter. Jennison Associates LLC now owns 1,807,524 shares of the company's stock valued at $42,260,000 after purchasing an additional 1,221,433 shares in the last quarter. Vaughan Nelson Investment Management L.P. bought a new stake in shares of Bilibili in the third quarter valued at about $1,189,000. Natixis Advisors LLC bought a new stake in shares of Bilibili in the third quarter valued at about $272,000. Finally, KBC Group NV lifted its holdings in shares of Bilibili by 90.9% in the third quarter. KBC Group NV now owns 10,683 shares of the company's stock valued at $250,000 after purchasing an additional 5,086 shares in the last quarter. 16.08% of the stock is currently owned by institutional investors.

Bilibili Company Profile

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.