Zacks Investment Research upgraded shares of Bilibili (NASDAQ:BILI) from a hold rating to a strong-buy rating in a report published on Friday, Zacks.com reports. Zacks Investment Research currently has $17.00 price target on the stock.
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. “
A number of other equities analysts also recently commented on the stock. UBS Group began coverage on shares of Bilibili in a research note on Wednesday, April 10th. They issued a buy rating and a $23.00 target price on the stock. 86 Research raised shares of Bilibili to a buy rating and set a $19.00 target price on the stock in a research note on Friday, May 17th. Finally, ValuEngine downgraded shares of Bilibili from a buy rating to a hold rating in a research note on Thursday. Two analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of Buy and an average target price of $19.50.
Shares of BILI traded down $0.03 during mid-day trading on Friday, reaching $14.72. The company had a trading volume of 2,138,421 shares, compared to its average volume of 1,880,398. The firm has a market capitalization of $4.22 billion, a PE ratio of -38.74 and a beta of 1.80. The company’s fifty day simple moving average is $15.83. Bilibili has a fifty-two week low of $9.09 and a fifty-two week high of $21.50.
Bilibili (NASDAQ:BILI) last issued its earnings results on Monday, May 13th. The company reported ($0.09) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.16) by $0.07. Bilibili had a negative net margin of 14.65% and a negative return on equity of 11.13%. The business had revenue of $203.54 million for the quarter, compared to the consensus estimate of $192.60 million. On average, equities research analysts expect that Bilibili will post -0.57 earnings per share for the current fiscal year.
Several hedge funds have recently modified their holdings of the company. BlackRock Inc. raised its holdings in shares of Bilibili by 31.4% in the fourth quarter. BlackRock Inc. now owns 1,921,432 shares of the company’s stock worth $28,034,000 after buying an additional 458,999 shares during the period. Raymond James Financial Services Advisors Inc. purchased a new stake in shares of Bilibili in the fourth quarter worth approximately $185,000. Stifel Financial Corp purchased a new stake in shares of Bilibili in the fourth quarter worth approximately $160,000. Two Sigma Advisers LP purchased a new stake in shares of Bilibili in the fourth quarter worth approximately $553,000. Finally, Bank of America Corp DE raised its holdings in shares of Bilibili by 918.9% in the fourth quarter. Bank of America Corp DE now owns 377,014 shares of the company’s stock worth $5,500,000 after buying an additional 340,011 shares during the period. 24.78% of the stock is currently owned by institutional investors and hedge funds.
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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