Nomura Securities Downgrades Bilibili (NASDAQ:BILI) to Hold

Bilibili (NASDAQ:BILI) was downgraded by equities researchers at Nomura Securities from a “strong-buy” rating to a “hold” rating in a report released on Tuesday,Zacks.com reports.

Several other equities analysts have also recently commented on the stock. Barclays upped their target price on shares of Bilibili from $24.00 to $25.00 and gave the stock an “overweight” rating in a report on Friday, February 21st. Daiwa America upgraded shares of Bilibili from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 8th. Daiwa Capital Markets upgraded Bilibili from a “neutral” rating to a “buy” rating in a research report on Friday, November 8th. Benchmark lifted their price objective on Bilibili from $24.00 to $30.00 and gave the company a “buy” rating in a research note on Friday, February 21st. Finally, Mizuho upped their target price on Bilibili from $17.00 to $21.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 12th. Four investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Bilibili has a consensus rating of “Moderate Buy” and a consensus target price of $20.33.

Bilibili Price Performance

Shares of NASDAQ BILI opened at $21.18 on Tuesday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.05 and a current ratio of 1.34. Bilibili has a fifty-two week low of $9.63 and a fifty-two week high of $31.77. The stock has a market cap of $8.78 billion, a PE ratio of -47.07 and a beta of 0.81. The stock has a fifty day moving average of $18.32 and a 200-day moving average of $18.72.

Bilibili (NASDAQ:BILI) last issued its earnings results on Thursday, February 20th. The company reported $0.05 EPS for the quarter, topping the consensus estimate of $0.03 by $0.02. Bilibili had a negative return on equity of 8.23% and a negative net margin of 5.01%. The business had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.05 billion. Equities research analysts anticipate that Bilibili will post 0.16 earnings per share for the current year.

Hedge Funds Weigh In On Bilibili

Several institutional investors have recently modified their holdings of BILI. Avior Wealth Management LLC lifted its position in Bilibili by 1,817.7% in the 4th quarter. Avior Wealth Management LLC now owns 1,515 shares of the company’s stock worth $27,000 after buying an additional 1,436 shares during the last quarter. Blue Trust Inc. raised its stake in shares of Bilibili by 227.3% during the third quarter. Blue Trust Inc. now owns 1,283 shares of the company’s stock worth $30,000 after acquiring an additional 891 shares in the last quarter. TD Private Client Wealth LLC bought a new stake in shares of Bilibili in the 3rd quarter worth approximately $53,000. Federated Hermes Inc. purchased a new stake in shares of Bilibili in the 4th quarter valued at $55,000. Finally, Venturi Wealth Management LLC bought a new position in shares of Bilibili during the 3rd quarter valued at $63,000. 16.08% of the stock is currently owned by institutional investors.

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.