Daiwa Capital Markets Lowers Bilibili (NASDAQ:BILI) to Neutral

Daiwa Capital Markets lowered shares of Bilibili (NASDAQ:BILI) from an outperform rating to a neutral rating in a report issued on Thursday, MarketBeat Ratings reports.

Several other equities research analysts have also commented on the company. Nomura Securities upgraded Bilibili from a hold rating to a strong-buy rating in a research report on Thursday, August 22nd. Bank of America increased their price target on shares of Bilibili from $18.00 to $19.00 and gave the stock a buy rating in a report on Tuesday, September 3rd. Morgan Stanley assumed coverage on shares of Bilibili in a research report on Wednesday, September 25th. They set an equal weight rating and a $20.00 price target on the stock. Nomura upgraded shares of Bilibili from a neutral rating to a buy rating and set a $18.00 price objective for the company in a research report on Thursday, August 22nd. Finally, Barclays upgraded Bilibili from an equal weight rating to an overweight rating and raised their target price for the company from $14.00 to $19.00 in a research report on Friday, August 23rd. Five equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Bilibili currently has an average rating of Moderate Buy and an average price target of $17.83.

Bilibili Price Performance

NASDAQ:BILI opened at $27.57 on Thursday. The company’s fifty day moving average price is $16.36 and its 200-day moving average price is $14.91. Bilibili has a 1-year low of $8.80 and a 1-year high of $31.77. The firm has a market capitalization of $11.39 billion, a P/E ratio of -16.51 and a beta of 0.86.

Bilibili (NASDAQ:BILI) 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. Equities analysts anticipate that Bilibili will post -0.4 EPS for the current fiscal year.

Institutional Trading of Bilibili

Large investors have recently made changes to their positions in the company. SG Americas Securities LLC boosted its stake in Bilibili by 34.7% during the 3rd quarter. SG Americas Securities LLC now owns 45,416 shares of the company’s stock worth $1,062,000 after purchasing an additional 11,705 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of Bilibili in the second quarter worth about $7,799,000. Point72 Asset Management L.P. acquired a new position in Bilibili during the second quarter worth about $8,128,000. Quarry LP purchased a new stake in Bilibili during the 2nd quarter valued at about $29,336,000. Finally, Creative Planning raised its holdings in Bilibili by 6.7% in the 2nd quarter. Creative Planning now owns 25,819 shares of the company’s stock valued at $399,000 after acquiring an additional 1,632 shares during the last quarter. 16.08% of the stock is currently owned by hedge funds and other 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.