Bilibili (NASDAQ:BILI) Upgraded to “Hold” at Zacks Investment Research

Zacks Investment Research upgraded shares of Bilibili (NASDAQ:BILI) from a sell rating to a hold rating in a report published on Wednesday morning, Zacks.com reports.

According to Zacks, “Bilibili Inc. provides online entertainment platform primarily in China. It provides online videos, live broadcasting and mobile games. Bilibili Inc. is based in NEW YORK. “

Several other research firms also recently weighed in on BILI. Nomura boosted their price target on Bilibili from $28.00 to $36.00 and gave the company a buy rating in a research note on Monday, May 18th. UBS Group lowered their target price on Bilibili from $31.00 to $29.00 and set a buy rating on the stock in a research note on Thursday, March 19th. Nomura Instinet upped their target price on Bilibili from $36.00 to $39.00 and gave the stock a buy rating in a research note on Wednesday, May 20th. BidaskClub upgraded Bilibili from a buy rating to a strong-buy rating in a research note on Saturday, June 13th. Finally, JPMorgan Chase & Co. upgraded Bilibili from a neutral rating to an overweight rating and set a $42.00 target price on the stock in a research note on Thursday, May 21st. Two research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of Buy and a consensus target price of $30.90.

Bilibili stock traded up $1.24 during trading hours on Wednesday, hitting $48.39. 131,493 shares of the stock traded hands, compared to its average volume of 5,822,933. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.42 and a quick ratio of 2.42. The firm’s 50 day moving average price is $36.46 and its 200-day moving average price is $27.17. The stock has a market capitalization of $15.11 billion, a price-to-earnings ratio of -68.30 and a beta of 1.19. Bilibili has a 1 year low of $13.23 and a 1 year high of $47.92.

Bilibili (NASDAQ:BILI) last posted its quarterly earnings results on Monday, May 18th. The company reported ($1.43) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.16) by ($1.27). The firm had revenue of $327.02 million for the quarter. Bilibili had a negative net margin of 21.20% and a negative return on equity of 20.37%. Research analysts forecast that Bilibili will post -0.89 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Modus Advisors LLC acquired a new position in Bilibili in the 2nd quarter worth about $34,000. Harel Insurance Investments & Financial Services Ltd. acquired a new position in Bilibili in the 1st quarter worth about $129,000. Ladenburg Thalmann Financial Services Inc. raised its holdings in Bilibili by 8.9% in the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 10,427 shares of the company’s stock worth $194,000 after purchasing an additional 850 shares during the period. Ellington Management Group LLC acquired a new position in shares of Bilibili during the fourth quarter valued at approximately $207,000. Finally, Pinpoint Asset Management Ltd acquired a new position in shares of Bilibili during the first quarter valued at approximately $208,000. 36.10% of the stock is 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 platform that covers a range of genres and media formats, including videos, live broadcasting, and mobile games. Bilibili Inc has a strategic collaboration agreement with Tencent Holdings Limited for sharing and operating existing and additional anime and games on its platform in China.

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