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

Daiwa Capital Markets lowered shares of Bilibili (NASDAQ:BILI) from an outperform rating to a neutral rating in a research note released on Thursday morning, MarketBeat reports.

BILI has been the topic of several other reports. Sanford C. Bernstein boosted their target price 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. Nomura upgraded shares of Bilibili from a neutral rating to a buy rating and set a $18.00 price target on the stock in a report on Thursday, August 22nd. JPMorgan Chase & Co. raised Bilibili from a neutral rating to an overweight rating and set a $21.00 price target for the company in a research note on Tuesday, June 18th. Morgan Stanley began coverage on shares of Bilibili in a research note on Wednesday, September 25th. They issued an equal weight rating and a $20.00 target price for the company. Finally, Daiwa America upgraded shares of Bilibili from a moderate buy rating to a strong-buy rating in a report on Thursday, August 22nd. Four equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and an average target price of $17.83.

Bilibili Price Performance

BILI opened at $27.05 on Thursday. Bilibili has a 1-year low of $8.80 and a 1-year high of $31.77. The business has a 50 day moving average price of $16.11 and a two-hundred day moving average price of $14.78. The company has a market capitalization of $11.17 billion, a price-to-earnings ratio of -16.20 and a beta of 0.83.

Bilibili (NASDAQ:BILI) last released its earnings results on Thursday, August 22nd. The company reported ($0.65) EPS for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.55). The business had revenue of $6.13 billion during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.43) earnings per share. Equities analysts expect that Bilibili will post -0.4 EPS for the current fiscal year.

Hedge Funds Weigh In On Bilibili

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Quarry LP bought a new stake in Bilibili in the second quarter valued at $29,336,000. OLD Mission Capital LLC acquired a new position in shares of Bilibili during the first quarter worth approximately $14,849,000. Cubist Systematic Strategies LLC grew its stake in shares of Bilibili by 385.3% during the second quarter. Cubist Systematic Strategies LLC now owns 981,969 shares of the company’s stock valued at $15,162,000 after purchasing an additional 779,614 shares during the last quarter. Point72 Hong Kong Ltd bought a new position in Bilibili in the 2nd quarter worth approximately $11,490,000. Finally, SIH Partners LLLP raised its position in shares of Bilibili by 145.9% during the second quarter. SIH Partners LLLP now owns 1,195,420 shares of the company’s stock worth $18,457,000 after acquiring an additional 709,200 shares during 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.