Bilibili (NASDAQ:BILI) Lowered to Hold at ValuEngine

Bilibili (NASDAQ:BILI) was downgraded by investment analysts at ValuEngine from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday, ValuEngine reports.

Several other analysts have also recently commented on BILI. 86 Research raised Bilibili to a “buy” rating and set a $19.00 price target for the company in a report on Friday, May 17th. UBS Group assumed coverage on Bilibili in a report on Wednesday, April 10th. They issued a “buy” rating and a $23.00 price target for the company. Finally, Zacks Investment Research cut Bilibili from a “buy” rating to a “hold” rating in a report on Monday. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $19.63.

Shares of BILI traded down $0.40 during mid-day trading on Thursday, hitting $14.75. The company’s stock had a trading volume of 2,556,100 shares, compared to its average volume of 4,104,591. The business has a 50-day moving average of $15.83. The stock has a market capitalization of $4.25 billion, a price-to-earnings ratio of -38.82 and a beta of 1.81. Bilibili has a 1-year low of $9.09 and a 1-year high of $21.50.

Bilibili (NASDAQ:BILI) last posted its quarterly earnings results on Monday, May 13th. The company reported ($0.09) EPS for the quarter, beating the consensus estimate of ($0.16) by $0.07. The business had revenue of $203.54 million during the quarter, compared to analysts’ expectations of $192.60 million. Bilibili had a negative return on equity of 11.13% and a negative net margin of 14.65%. As a group, equities analysts anticipate that Bilibili will post -0.61 EPS for the current fiscal year.

Hedge funds have recently modified their holdings of the stock. BNP Paribas Arbitrage SA grew its holdings in shares of Bilibili by 207.0% during the second quarter. BNP Paribas Arbitrage SA now owns 44,019 shares of the company’s stock valued at $716,000 after purchasing an additional 29,680 shares during the last quarter. Granite Point Capital Management L.P. grew its holdings in shares of Bilibili by 28.6% during the second quarter. Granite Point Capital Management L.P. now owns 315,000 shares of the company’s stock valued at $5,125,000 after purchasing an additional 70,000 shares during the last quarter. Daiwa Securities Group Inc. bought a new position in shares of Bilibili during the second quarter valued at approximately $434,000. Ocean Arete Ltd. bought a new position in shares of Bilibili during the second quarter valued at approximately $3,674,000. Finally, NEXT Financial Group Inc grew its holdings in shares of Bilibili by 100.0% during the second quarter. NEXT Financial Group Inc now owns 5,000 shares of the company’s stock valued at $81,000 after purchasing an additional 2,500 shares during the last quarter. 24.78% of the stock is owned by hedge funds and other 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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To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Bilibili (NASDAQ:BILI)

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