Bilibili (NASDAQ:BILI) Stock Rating Upgraded by Hsbc Global Res

Bilibili (NASDAQ:BILI - Get Free Report) was upgraded by research analysts at Hsbc Global Res to a "strong-buy" rating in a research note issued to investors on Wednesday,Zacks.com reports.

Other research analysts have also recently issued reports about the stock. Benchmark lifted their price objective on shares of Bilibili from $24.00 to $30.00 and gave the company a "buy" rating in a research note on Friday, February 21st. Nomura Securities downgraded Bilibili from a "strong-buy" rating to a "hold" rating in a report on Tuesday, February 25th. HSBC raised Bilibili from a "hold" rating to a "buy" rating and boosted their price target for the stock from $21.50 to $22.50 in a report on Wednesday. Finally, Barclays raised their price objective on Bilibili from $24.00 to $25.00 and gave the company an "overweight" rating in a research note on Friday, February 21st. Three analysts have rated the stock with a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, Bilibili has an average rating of "Moderate Buy" and a consensus price target of $21.24.

Bilibili Stock Performance

NASDAQ:BILI opened at $18.35 on Wednesday. The company has a market cap of $7.64 billion, a price-to-earnings ratio of -40.78 and a beta of 0.93. Bilibili has a fifty-two week low of $12.72 and a fifty-two week high of $31.77. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.05 and a current ratio of 1.34. The stock has a fifty day moving average price of $17.87 and a 200-day moving average price of $18.85.

Bilibili (NASDAQ:BILI - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The company reported $0.05 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.02. The business had revenue of $1.08 billion during the quarter, compared to analysts' expectations of $1.05 billion. Bilibili had a negative net margin of 5.01% and a negative return on equity of 8.23%. As a group, equities analysts anticipate that Bilibili will post 0.16 EPS for the current fiscal year.

Hedge Funds Weigh In On Bilibili

Institutional investors and hedge funds have recently bought and sold shares of the company. Avior Wealth Management LLC grew its holdings in shares of Bilibili by 1,817.7% during the fourth quarter. Avior Wealth Management LLC now owns 1,515 shares of the company's stock worth $27,000 after purchasing an additional 1,436 shares during the last quarter. SVB Wealth LLC acquired a new stake in Bilibili during the 1st quarter worth approximately $31,000. FNY Investment Advisers LLC bought a new stake in Bilibili during the 1st quarter worth approximately $57,000. Federated Hermes Inc. bought a new stake in Bilibili during the 4th quarter worth approximately $55,000. Finally, Blue Trust Inc. increased its position in Bilibili by 147.8% in the 4th quarter. Blue Trust Inc. now owns 3,179 shares of the company's stock valued at $58,000 after acquiring an additional 1,896 shares during the period. Institutional investors and hedge funds own 16.08% of the company's stock.

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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