Bilibili (NASDAQ:BILI) Upgraded to “Buy” at Zacks Investment Research

Bilibili (NASDAQ:BILIGet Rating) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Tuesday, Zacks.com reports. The brokerage currently has a $26.00 price target on the stock. Zacks Investment Research‘s price objective would suggest a potential upside of 7.88% from the company’s current price.

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 research analysts have also recently issued reports on BILI. Citigroup dropped their price objective on Bilibili from $120.00 to $61.00 in a research note on Thursday, January 20th. The Goldman Sachs Group initiated coverage on Bilibili in a research note on Sunday, April 10th. They set a “hold” rating and a $35.00 price objective on the stock. Morgan Stanley lowered Bilibili from an “overweight” rating to an “equal weight” rating and set a $45.00 target price on the stock. in a report on Friday, January 7th. JPMorgan Chase & Co. lowered Bilibili from an “overweight” rating to an “underweight” rating and set a $15.00 target price on the stock. in a report on Monday, March 14th. Finally, KGI Securities lowered Bilibili from an “outperform” rating to a “neutral” rating in a report on Thursday, March 24th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $58.04.

NASDAQ BILI traded up $0.76 during trading on Tuesday, hitting $24.10. The stock had a trading volume of 9,773,291 shares, compared to its average volume of 10,402,158. The company has a market capitalization of $7.52 billion, a PE ratio of -8.80 and a beta of 1.30. The company’s 50-day moving average price is $28.60 and its two-hundred day moving average price is $47.54. The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.74 and a current ratio of 3.02. Bilibili has a 12 month low of $14.93 and a 12 month high of $129.24.

Bilibili (NASDAQ:BILIGet Rating) last released its earnings results on Thursday, March 3rd. The company reported ($4.22) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.64) by ($3.58). The firm had revenue of $5.78 billion during the quarter, compared to the consensus estimate of $5.75 billion. Bilibili had a negative net margin of 35.05% and a negative return on equity of 28.68%. The company’s revenue was up 50.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.36) EPS. As a group, equities analysts anticipate that Bilibili will post -2.75 earnings per share for the current fiscal year.

Several hedge funds have recently made changes to their positions in the stock. Advisor Group Holdings Inc. lifted its position in shares of Bilibili by 3.6% during the 3rd quarter. Advisor Group Holdings Inc. now owns 7,742 shares of the company’s stock worth $511,000 after buying an additional 269 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. lifted its position in shares of Bilibili by 143.4% during the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 594 shares of the company’s stock worth $28,000 after buying an additional 350 shares during the last quarter. Catalyst Capital Advisors LLC lifted its position in shares of Bilibili by 2.6% during the 4th quarter. Catalyst Capital Advisors LLC now owns 16,210 shares of the company’s stock worth $752,000 after buying an additional 410 shares during the last quarter. American Century Companies Inc. lifted its position in shares of Bilibili by 9.1% during the 3rd quarter. American Century Companies Inc. now owns 5,395 shares of the company’s stock worth $357,000 after buying an additional 450 shares during the last quarter. Finally, LPL Financial LLC lifted its position in shares of Bilibili by 5.9% during the 3rd quarter. LPL Financial LLC now owns 8,933 shares of the company’s stock worth $591,000 after buying an additional 498 shares during the last quarter. Institutional investors and hedge funds own 47.44% of the company’s stock.

About Bilibili (Get Rating)

Bilibili Inc provides online entertainment services for the young generations in the People's Republic of China. Its platform offers a range of content, including video services, mobile games, and value-added service, as well as ACG-related comic and audio content. The company's video services include professional user generated videos, occupationally generated videos, and live broadcasting.

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