Bilibili (BILI) Raised 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 released on Tuesday morning.

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. “

BILI has been the topic of several other reports. Morgan Stanley cut shares of Bilibili from an overweight rating to an equal weight rating and dropped their price target for the stock from $13.50 to $11.00 in a research report on Monday, September 24th. JPMorgan Chase & Co. dropped their price target on shares of Bilibili from $16.00 to $14.00 and set an overweight rating on the stock in a research report on Wednesday, August 29th. Finally, Bank of America dropped their price target on shares of Bilibili from $17.30 to $15.00 and set a buy rating on the stock in a research report on Tuesday, September 11th.

BILI stock traded up $0.41 during trading on Tuesday, hitting $14.60. The company had a trading volume of 2,696,959 shares, compared to its average volume of 3,994,107. Bilibili has a fifty-two week low of $9.09 and a fifty-two week high of $22.70.

Bilibili (NASDAQ:BILI) last issued its quarterly earnings results on Monday, August 27th. The company reported ($0.07) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.04). The business had revenue of $155.10 million for the quarter, compared to analysts’ expectations of $142.41 million. During the same quarter in the previous year, the business posted ($3.03) EPS. The company’s quarterly revenue was up 76.1% compared to the same quarter last year. On average, analysts anticipate that Bilibili will post -0.39 EPS for the current fiscal year.

A number of institutional investors have recently modified their holdings of BILI. Glen Harbor Capital Management LLC bought a new stake in Bilibili in the second quarter worth about $105,000. Comerica Bank bought a new stake in Bilibili in the second quarter worth about $144,000. Tiverton Asset Management LLC bought a new stake in Bilibili in the second quarter worth about $202,000. Legal & General Group Plc bought a new stake in Bilibili in the first quarter worth about $280,000. Finally, Russell Investments Group Ltd. bought a new stake in Bilibili in the second quarter worth about $332,000. Hedge funds and other institutional investors own 10.18% of the company’s stock.

About Bilibili

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. The company was founded in 2009 and is headquartered in Shanghai, the People's Republic of China.

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