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 (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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