Bilibili (NASDAQ:BILI) Issues Quarterly 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) released its quarterly earnings results on Thursday. The company reported $0.09 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.16 by ($0.07), Zacks reports. Bilibili had a return on equity of 3.19% and a net margin of 0.75%.The company had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $7.33 billion. During the same period in the previous year, the company earned ($0.65) earnings per share. Bilibili's quarterly revenue was up 19.8% on a year-over-year basis.

Bilibili Stock Performance

Shares of Bilibili stock traded down $0.60 on Tuesday, hitting $22.66. 2,187,262 shares of the company's stock were exchanged, compared to its average volume of 4,899,127. The company has a 50-day simple moving average of $22.69 and a 200-day simple moving average of $20.31. The stock has a market capitalization of $9.47 billion, a PE ratio of 323.64 and a beta of 0.94. Bilibili has a 1 year low of $13.60 and a 1 year high of $31.77. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.60 and a current ratio of 1.60.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Geode Capital Management LLC grew its position in Bilibili by 0.7% during the second quarter. Geode Capital Management LLC now owns 103,666 shares of the company's stock valued at $2,224,000 after buying an additional 713 shares during the period. Royal Bank of Canada grew its position in Bilibili by 1.2% during the first quarter. Royal Bank of Canada now owns 87,505 shares of the company's stock valued at $1,672,000 after buying an additional 1,014 shares during the period. JPMorgan Chase & Co. grew its position in Bilibili by 25.7% during the second quarter. JPMorgan Chase & Co. now owns 5,295 shares of the company's stock valued at $114,000 after buying an additional 1,081 shares during the period. Rakuten Securities Inc. lifted its holdings in Bilibili by 14.6% during the second quarter. Rakuten Securities Inc. now owns 14,589 shares of the company's stock valued at $313,000 after purchasing an additional 1,864 shares in the last quarter. Finally, Boothbay Fund Management LLC lifted its holdings in Bilibili by 21.7% during the second quarter. Boothbay Fund Management LLC now owns 13,800 shares of the company's stock valued at $296,000 after purchasing an additional 2,465 shares in the last quarter. Hedge funds and other institutional investors own 16.08% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Hsbc Global Res raised shares of Bilibili to a "strong-buy" rating in a research note on Wednesday, May 21st. Wall Street Zen raised shares of Bilibili from a "hold" rating to a "buy" rating in a research report on Saturday. Barclays raised their price target on shares of Bilibili from $25.00 to $28.00 and gave the company an "overweight" rating in a research report on Friday. Jefferies Financial Group set a $28.00 price target on shares of Bilibili in a research report on Thursday. Finally, Sanford C. Bernstein started coverage on shares of Bilibili in a research report on Tuesday, July 8th. They set an "outperform" rating and a $28.00 price target for the company. Two equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $24.91.

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.