Bilibili (NASDAQ:BILI) Releases Quarterly Earnings Results, Misses Expectations By $0.05 EPS

Bilibili (NASDAQ:BILI - Get Free Report) released its quarterly earnings results on Tuesday. The company reported $0.02 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.07 by ($0.05), Zacks reports. The firm had revenue of $963.00 million for the quarter, compared to analyst estimates of $6.91 billion. Bilibili had a negative net margin of 5.01% and a negative return on equity of 8.23%. The firm's revenue was up 23.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($1.06) EPS.

Bilibili Stock Up 3.2%

Shares of BILI stock traded up $0.58 on Friday, hitting $18.93. The company's stock had a trading volume of 5,177,248 shares, compared to its average volume of 6,381,027. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.34 and a quick ratio of 1.05. Bilibili has a fifty-two week low of $12.72 and a fifty-two week high of $31.77. The firm's fifty day moving average price is $17.82 and its 200-day moving average price is $18.80. The stock has a market capitalization of $7.89 billion, a price-to-earnings ratio of -42.07 and a beta of 0.93.

Hedge Funds Weigh In On Bilibili

An institutional investor recently raised its position in Bilibili stock. Royal Bank of Canada lifted its stake in shares of Bilibili Inc. (NASDAQ:BILI - Free Report) by 1.2% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 87,505 shares of the company's stock after acquiring an additional 1,014 shares during the quarter. Royal Bank of Canada's holdings in Bilibili were worth $1,672,000 as of its most recent filing with the SEC. Hedge funds and other institutional investors own 16.08% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on BILI. Hsbc Global Res raised shares of Bilibili to a "strong-buy" rating in a research note on Wednesday. HSBC raised Bilibili from a "hold" rating to a "buy" rating and upped their price target for the company from $21.50 to $22.50 in a research report on Wednesday. Nomura Securities lowered Bilibili from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, February 25th. Wall Street Zen upgraded Bilibili from a "hold" rating to a "buy" rating in a report on Saturday. Finally, Benchmark boosted their price objective on shares of Bilibili from $24.00 to $30.00 and gave the company a "buy" rating in a research report on Friday, February 21st. Three research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $21.24.

Bilibili Company Profile

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.