Bilibili (NASDAQ:BILI) Upgraded at HSBC

HSBC upgraded shares of Bilibili (NASDAQ:BILI - Free Report) from a hold rating to a buy rating in a report issued on Wednesday, MarketBeat reports. HSBC currently has $22.50 price objective on the stock, up from their previous price objective of $21.50.

Several other brokerages also recently issued reports on BILI. Nomura Securities downgraded Bilibili from a "strong-buy" rating to a "hold" rating in a report on Tuesday, February 25th. Benchmark lifted their price objective on shares of Bilibili from $24.00 to $30.00 and gave the stock a "buy" rating in a report on Friday, February 21st. Finally, Barclays increased their target price on shares of Bilibili from $24.00 to $25.00 and gave the company an "overweight" rating in a report on Friday, February 21st. Three equities 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's stock. Based on data from MarketBeat.com, Bilibili has an average rating of "Moderate Buy" and a consensus target price of $21.24.

Bilibili Stock Up 3.2%

Shares of Bilibili stock traded up $0.58 during trading hours on Wednesday, reaching $18.93. The company's stock had a trading volume of 5,177,248 shares, compared to its average volume of 6,384,841. The company has a market capitalization of $7.89 billion, a P/E ratio of -42.07 and a beta of 0.93. The stock's fifty day simple moving average is $17.82 and its two-hundred day simple moving average is $18.80. Bilibili has a one year low of $12.72 and a one year 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.

Bilibili (NASDAQ:BILI - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.05 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.02. The business had revenue of $1.08 billion for 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%. On average, research analysts forecast that Bilibili will post 0.16 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Avior Wealth Management LLC boosted its position in shares of Bilibili by 1,817.7% in the fourth quarter. Avior Wealth Management LLC now owns 1,515 shares of the company's stock valued at $27,000 after acquiring an additional 1,436 shares during the period. SVB Wealth LLC purchased a new position in shares of Bilibili during the 1st quarter valued at $31,000. Federated Hermes Inc. bought a new position in shares of Bilibili in the fourth quarter worth $55,000. FNY Investment Advisers LLC purchased a new stake in shares of Bilibili in the first quarter worth $57,000. Finally, Blue Trust Inc. boosted its stake in Bilibili by 147.8% during the fourth quarter. Blue Trust Inc. now owns 3,179 shares of the company's stock valued at $58,000 after buying an additional 1,896 shares during the period. Institutional investors own 16.08% of the company's stock.

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.