Bilibili (NASDAQ:BILI) Upgraded by HSBC to Buy Rating

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

BILI has been the topic of a number of other reports. Nomura Securities cut Bilibili from a "strong-buy" rating to a "hold" rating in a report on Tuesday, February 25th. Barclays increased their target price on shares of Bilibili from $24.00 to $25.00 and gave the stock an "overweight" rating in a research note on Friday, February 21st. Finally, Benchmark upped 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. Three equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $21.24.

Bilibili Stock Performance

BILI stock traded up $0.58 during trading on Wednesday, reaching $18.93. The company had a trading volume of 5,177,248 shares, compared to its average volume of 6,381,027. The firm has a 50-day simple moving average of $17.82 and a 200-day simple moving average of $18.76. Bilibili has a twelve month low of $12.72 and a twelve month 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 company has a market cap of $7.89 billion, a price-to-earnings ratio of -42.07 and a beta of 0.93.

Bilibili (NASDAQ:BILI - Get Free Report) last posted its 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. Bilibili had a negative net margin of 5.01% and a negative return on equity of 8.23%. The firm had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.05 billion. As a group, sell-side analysts expect that Bilibili will post 0.16 earnings per share for the current year.

Institutional Investors Weigh In On Bilibili

Institutional investors have recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. raised its stake in Bilibili by 8.5% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 9,261 shares of the company's stock worth $178,000 after acquiring an additional 722 shares in the last quarter. Laird Norton Wetherby Wealth Management LLC increased its position in shares of Bilibili by 3.3% during the fourth quarter. Laird Norton Wetherby Wealth Management LLC now owns 23,109 shares of the company's stock worth $419,000 after purchasing an additional 749 shares in the last quarter. Advisors Asset Management Inc. boosted its position in shares of Bilibili by 16.6% in the 1st quarter. Advisors Asset Management Inc. now owns 5,280 shares of the company's stock valued at $101,000 after purchasing an additional 751 shares during the period. Royal Bank of Canada grew its stake in Bilibili by 1.2% during the 1st quarter. Royal Bank of Canada now owns 87,505 shares of the company's stock worth $1,672,000 after buying an additional 1,014 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in Bilibili by 1.0% during the 4th quarter. Geode Capital Management LLC now owns 110,560 shares of the company's stock worth $2,002,000 after buying an additional 1,140 shares during the last quarter. 16.08% of the stock is owned by hedge funds and other institutional investors.

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.