Bilibili (NASDAQ:BILI) Upgraded by UBS Group to Buy

UBS Group upgraded shares of Bilibili (NASDAQ:BILIFree Report) from a neutral rating to a buy rating in a report issued on Friday morning, MarketBeat reports. UBS Group currently has $18.00 target price on the stock, up from their prior target price of $11.90.

Other equities research analysts have also issued research reports about the company. Benchmark lifted their price objective on Bilibili from $15.00 to $16.00 and gave the company a buy rating in a research note on Friday, May 24th. Mizuho lifted their price objective on Bilibili from $15.00 to $17.00 and gave the company a buy rating in a research note on Friday, May 10th. JPMorgan Chase & Co. raised Bilibili from an underweight rating to a neutral rating and lifted their price objective for the company from $10.00 to $11.00 in a research note on Monday, March 11th. Citigroup lowered Bilibili from a buy rating to a neutral rating and dropped their price objective for the company from $18.00 to $12.50 in a research note on Monday, March 11th. Finally, Barclays upgraded Bilibili from an underweight rating to an equal weight rating and raised their price target for the company from $10.00 to $14.00 in a research report on Friday, May 24th. Seven analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of Hold and an average target price of $15.79.

Get Our Latest Stock Analysis on Bilibili

Bilibili Price Performance

Bilibili stock opened at $14.52 on Friday. Bilibili has a one year low of $8.80 and a one year high of $19.15. The business has a fifty day moving average price of $13.00 and a 200-day moving average price of $11.83. The firm has a market capitalization of $5.98 billion, a P/E ratio of -8.69 and a beta of 0.96.

Bilibili (NASDAQ:BILIGet Free Report) last posted its quarterly earnings data on Thursday, March 7th. The company reported ($0.28) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.25) by ($0.03). The business had revenue of $881.13 million for the quarter, compared to the consensus estimate of $891.61 million. Bilibili had a negative net margin of 21.41% and a negative return on equity of 26.62%. Sell-side analysts expect that Bilibili will post -0.55 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Mizuho Securities Co. Ltd. purchased a new position in Bilibili during the 4th quarter valued at about $55,000. Parallel Advisors LLC increased its holdings in Bilibili by 62.6% during the 4th quarter. Parallel Advisors LLC now owns 4,503 shares of the company’s stock valued at $55,000 after purchasing an additional 1,734 shares during the period. Tower Research Capital LLC TRC increased its holdings in Bilibili by 349.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 6,703 shares of the company’s stock valued at $82,000 after purchasing an additional 5,210 shares during the period. Daiwa Securities Group Inc. increased its holdings in Bilibili by 29.1% during the 4th quarter. Daiwa Securities Group Inc. now owns 6,970 shares of the company’s stock valued at $85,000 after purchasing an additional 1,569 shares during the period. Finally, Headlands Technologies LLC bought a new stake in Bilibili during the 4th quarter valued at approximately $100,000. Hedge funds and other institutional investors own 16.08% of the company’s stock.

About Bilibili

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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.

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Analyst Recommendations for Bilibili (NASDAQ:BILI)

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