Bilibili (NASDAQ:BILI) Releases Earnings Results

Key Points

• Bilibili reported a quarterly EPS of $0.09, missing analysts' expectations of $0.16 by $0.07, alongside a negative net margin of 2.15%.
• Following the earnings announcement, Bilibili stock opened at $25.31, with a 52-week low of $12.72 and a high of $31.77, maintaining a market capitalization of $10.58 billion.
• Several hedge funds increased their positions in Bilibili, with Man Group plc raising its holdings by 21.9%, indicating growing investor interest in the company despite mixed analyst ratings.

Bilibili (NASDAQ:BILI - Get Free Report) announced its quarterly earnings data on Thursday. The company reported $0.09 EPS for the quarter, missing analysts' consensus estimates of $0.16 by ($0.07), Zacks reports. Bilibili had a negative net margin of 2.15% and a negative return on equity of 2.59%.

Bilibili Stock Up 1.0%

BILI stock opened at $25.31 on Thursday. Bilibili has a one year low of $12.72 and a one year high of $31.77. The stock has a market capitalization of $10.58 billion, a PE ratio of -126.54 and a beta of 0.94. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.36 and a current ratio of 1.36. The company has a fifty day moving average of $22.51 and a 200-day moving average of $20.15.

Hedge Funds Weigh In On Bilibili

A number of large investors have recently made changes to their positions in the stock. Man Group plc increased its holdings in shares of Bilibili by 21.9% in the 2nd quarter. Man Group plc now owns 1,460,147 shares of the company's stock valued at $31,320,000 after purchasing an additional 262,554 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Bilibili by 17.7% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 467,971 shares of the company's stock valued at $10,038,000 after purchasing an additional 70,358 shares in the last quarter. Lighthouse Investment Partners LLC purchased a new position in shares of Bilibili in the 2nd quarter valued at about $2,917,000. Tower Research Capital LLC TRC increased its holdings in Bilibili by 203.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 111,296 shares of the company's stock valued at $2,387,000 after acquiring an additional 74,596 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in Bilibili by 0.7% during the 2nd quarter. Geode Capital Management LLC now owns 103,666 shares of the company's stock valued at $2,224,000 after acquiring an additional 713 shares in the last quarter. Hedge funds and other institutional investors own 16.08% of the company's stock.

Wall Street Analysts Forecast Growth

BILI has been the subject of several research analyst reports. Wall Street Zen cut shares of Bilibili from a "buy" rating to a "hold" rating in a report on Friday, July 18th. HSBC reissued a "buy" rating on shares of Bilibili in a research report on Tuesday, July 15th. JPMorgan Chase & Co. downgraded shares of Bilibili from an "overweight" rating to a "neutral" rating and increased their target price for the stock from $21.00 to $24.00 in a research note on Monday, July 28th. Hsbc Global Res raised Bilibili to a "strong-buy" rating in a research note on Wednesday, May 21st. Finally, Bank of America increased their price objective on Bilibili from $25.00 to $27.00 and gave the stock a "buy" rating in a research report on Thursday, July 17th. Two investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $23.81.

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.

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