Bilibili (NASDAQ:BILI) Upgraded at The Goldman Sachs Group

The Goldman Sachs Group upgraded shares of Bilibili (NASDAQ:BILI) from a neutral rating to a buy rating in a research report report published on Thursday morning, Marketbeat Ratings reports. The Goldman Sachs Group currently has $22.60 price target on the stock, up from their prior price target of $16.50.

A number of other equities analysts have also commented on BILI. UBS Group upgraded Bilibili from a neutral rating to a buy rating and lifted their price objective for the stock from $11.90 to $18.00 in a research note on Friday, May 31st. Daiwa Capital Markets upgraded Bilibili from a neutral rating to an outperform rating in a research note on Thursday, August 22nd. Barclays upgraded Bilibili from an equal weight rating to an overweight rating and boosted their price target for the company from $14.00 to $19.00 in a research note on Friday, August 23rd. JPMorgan Chase & Co. upgraded Bilibili from a neutral rating to an overweight rating and set a $21.00 price target on the stock in a research note on Tuesday, June 18th. Finally, Nomura raised Bilibili from a neutral rating to a buy rating and set a $18.00 price objective on the stock in a report on Thursday, August 22nd. Three research analysts have rated the stock with a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of Moderate Buy and a consensus price target of $17.83.

Bilibili Price Performance

NASDAQ BILI opened at $22.92 on Thursday. The stock’s 50-day moving average is $15.16 and its two-hundred day moving average is $14.37. The firm has a market cap of $9.47 billion, a P/E ratio of -13.72 and a beta of 0.83. Bilibili has a fifty-two week low of $8.80 and a fifty-two week high of $23.03.

Bilibili (NASDAQ:BILI) last posted its quarterly earnings data on Thursday, August 22nd. The company reported ($0.65) EPS for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.55). The business had revenue of $6.13 billion during the quarter, compared to the consensus estimate of $6.10 billion. Bilibili had a negative return on equity of 22.44% and a negative net margin of 16.71%. The company’s revenue for the quarter was up 15.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.43) earnings per share. On average, equities analysts expect that Bilibili will post -0.4 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of BILI. BNP Paribas Financial Markets increased its position in shares of Bilibili by 62.6% in the 1st quarter. BNP Paribas Financial Markets now owns 310,999 shares of the company’s stock valued at $3,483,000 after buying an additional 119,747 shares in the last quarter. Natixis bought a new stake in shares of Bilibili in the 1st quarter valued at $537,000. Janney Montgomery Scott LLC bought a new stake in shares of Bilibili in the 1st quarter valued at $951,000. GSA Capital Partners LLP bought a new stake in shares of Bilibili in the 1st quarter valued at $460,000. Finally, Swedbank AB acquired a new position in Bilibili in the 1st quarter worth $645,000. Institutional investors and hedge funds own 16.08% of the company’s stock.

Bilibili Company Profile

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.