Bilibili (NASDAQ:BILI) Downgraded to Hold Rating by Nomura Securities

Bilibili (NASDAQ:BILI) was downgraded by equities researchers at Nomura Securities from a “strong-buy” rating to a “hold” rating in a research report issued on Tuesday,Zacks.com reports.

Several other equities analysts have also recently issued reports on BILI. Barclays boosted their target price on Bilibili from $24.00 to $25.00 and gave the stock an “overweight” rating in a research report on Friday, February 21st. Daiwa America raised Bilibili from a “hold” rating to a “strong-buy” rating in a report on Friday, November 8th. Mizuho raised their target price on Bilibili from $17.00 to $21.00 and gave the company an “outperform” rating in a report on Tuesday, November 12th. Benchmark boosted their target price on shares of Bilibili from $24.00 to $30.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. Finally, Daiwa Capital Markets upgraded shares of Bilibili from a “neutral” rating to a “buy” rating in a report on Friday, November 8th. Four equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Bilibili currently has an average rating of “Moderate Buy” and an average target price of $20.33.

Bilibili Stock Performance

Shares of BILI opened at $21.18 on Tuesday. The stock has a market capitalization of $8.78 billion, a P/E ratio of -47.07 and a beta of 0.81. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.05 and a current ratio of 1.34. Bilibili has a 1 year low of $9.63 and a 1 year high of $31.77. The company’s fifty day moving average is $18.32 and its two-hundred day moving average is $18.72.

Bilibili (NASDAQ:BILI) last issued its earnings results on Thursday, February 20th. The company reported $0.05 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.02. The business had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.05 billion. Bilibili had a negative net margin of 5.01% and a negative return on equity of 8.23%. On average, sell-side analysts predict that Bilibili will post 0.16 earnings per share for the current year.

Institutional Investors Weigh In On Bilibili

Large investors have recently added to or reduced their stakes in the business. Blue Trust Inc. raised its position in Bilibili by 227.3% during the third quarter. Blue Trust Inc. now owns 1,283 shares of the company’s stock worth $30,000 after acquiring an additional 891 shares during the last quarter. International Assets Investment Management LLC acquired a new position in shares of Bilibili during the 3rd quarter worth approximately $9,570,000. US Bancorp DE raised its position in shares of Bilibili by 882.4% during the 3rd quarter. US Bancorp DE now owns 70,999 shares of the company’s stock worth $1,660,000 after purchasing an additional 63,772 shares during the last quarter. First Beijing Investment Ltd lifted its stake in Bilibili by 96.2% in the 3rd quarter. First Beijing Investment Ltd now owns 3,793,582 shares of the company’s stock valued at $88,694,000 after buying an additional 1,860,496 shares in the last quarter. Finally, Assetmark Inc. acquired a new stake in Bilibili during the 3rd quarter valued at $159,000. 16.08% of the stock is owned by institutional investors and hedge funds.

About Bilibili

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.