Bilibili (NASDAQ:BILI) Cut to "Neutral" at Daiwa Capital Markets

Bilibili (NASDAQ:BILI - Get Free Report) was downgraded by stock analysts at Daiwa Capital Markets from an "outperform" rating to a "neutral" rating in a note issued to investors on Thursday, Briefing.com reports.

BILI has been the topic of a number of other reports. Sanford C. Bernstein raised their price objective on shares of Bilibili from $12.00 to $13.00 and gave the company a "market perform" rating in a research note on Friday, August 23rd. Morgan Stanley assumed coverage on shares of Bilibili in a research report on Wednesday, September 25th. They issued an "equal weight" rating and a $20.00 price objective on the stock. Daiwa America raised Bilibili from a "moderate buy" rating to a "strong-buy" rating in a report on Thursday, August 22nd. Bank of America boosted their price target on shares of Bilibili from $18.00 to $19.00 and gave the company a "buy" rating in a research report on Tuesday, September 3rd. Finally, Nomura upgraded Bilibili from a "neutral" rating to a "buy" rating and set a $18.00 price target on the stock in a research note on Thursday, August 22nd. Four analysts have rated the stock with a hold rating, eight have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, Bilibili has a consensus rating of "Moderate Buy" and an average price target of $17.83.

Bilibili Stock Down 8.8 %

BILI stock traded down $2.61 during trading on Thursday, hitting $27.05. The company had a trading volume of 19,648,723 shares, compared to its average volume of 7,176,094. The company has a 50 day simple moving average of $15.86 and a 200-day simple moving average of $14.69. The firm has a market capitalization of $11.17 billion, a P/E ratio of -16.20 and a beta of 0.83. Bilibili has a 52-week low of $8.80 and a 52-week high of $31.77.

Bilibili (NASDAQ:BILI - Get Free Report) last announced its quarterly earnings results 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 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%. Bilibili's revenue for the quarter was up 15.5% on a year-over-year basis. During the same period in the prior year, the business posted ($0.43) earnings per share. Sell-side analysts forecast that Bilibili will post -0.4 earnings per share for the current year.

Institutional Trading of Bilibili

A number of institutional investors have recently made changes to their positions in the business. CWM LLC boosted 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 worth $34,000 after buying an additional 853 shares during the period. Parallel Advisors LLC increased its position in Bilibili by 62.6% during the 4th quarter. Parallel Advisors LLC now owns 4,503 shares of the company's stock worth $55,000 after buying an additional 1,734 shares during the period. Sandia Investment Management LP acquired a new stake in shares of Bilibili during the first quarter worth $112,000. Beck Bode LLC acquired a new position in shares of Bilibili in the second quarter valued at about $165,000. Finally, Vanguard Personalized Indexing Management LLC increased its position in Bilibili by 10.3% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 17,610 shares of the company's stock worth $272,000 after acquiring an additional 1,650 shares during the period. Institutional investors own 16.08% of the company's stock.

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.

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