Bilibili (NASDAQ:BILI) Cut to “Hold” at Daiwa America

Daiwa America lowered shares of Bilibili (NASDAQ:BILI) from a strong-buy rating to a hold rating in a research note issued to investors on Thursday morning, Zacks.com reports.

Other research analysts have also issued research reports about the company. Nomura Securities upgraded Bilibili from a hold rating to a strong-buy rating in a research report on Thursday, August 22nd. Morgan Stanley initiated coverage on Bilibili in a research report on Wednesday, September 25th. They set an equal weight rating and a $20.00 price objective for the company. Bank of America increased their price target on Bilibili from $18.00 to $19.00 and gave the stock a buy rating in a research note on Tuesday, September 3rd. Daiwa Capital Markets lowered shares of Bilibili from an outperform rating to a neutral rating in a research report on Thursday. Finally, Nomura raised shares of Bilibili from a neutral rating to a buy rating and set a $18.00 price target for the company in a research note on Thursday, August 22nd. Five investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of Moderate Buy and a consensus target price of $17.83.

Bilibili Trading Up 1.9 %

Bilibili stock opened at $27.57 on Thursday. The stock has a market cap of $11.39 billion, a P/E ratio of -16.51 and a beta of 0.86. Bilibili has a 52 week low of $8.80 and a 52 week high of $31.77. The stock has a 50 day moving average of $16.36 and a 200-day moving average of $14.91.

Bilibili (NASDAQ:BILI) last issued its earnings results on Thursday, August 22nd. The company reported ($0.65) EPS for the quarter, missing the consensus estimate of ($0.10) by ($0.55). Bilibili had a negative return on equity of 22.44% and a negative net margin of 16.71%. The firm had revenue of $6.13 billion during the quarter, compared to analyst estimates of $6.10 billion. During the same quarter in the previous year, the business posted ($0.43) EPS. Bilibili’s revenue was up 15.5% compared to the same quarter last year. As a group, equities analysts predict that Bilibili will post -0.4 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Bilibili

Institutional investors and hedge funds have recently modified their holdings of the stock. Quarry LP purchased a new position in Bilibili in the 2nd quarter worth about $29,336,000. OLD Mission Capital LLC purchased a new stake in shares of Bilibili during the 1st quarter worth about $14,849,000. Cubist Systematic Strategies LLC lifted its holdings in shares of Bilibili by 385.3% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 981,969 shares of the company’s stock valued at $15,162,000 after buying an additional 779,614 shares during the last quarter. Point72 Hong Kong Ltd bought a new stake in shares of Bilibili in the 2nd quarter valued at approximately $11,490,000. Finally, SIH Partners LLLP grew its position in Bilibili by 145.9% in 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 in the last quarter. Institutional investors and hedge funds 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.