Bilibili (NASDAQ:BILI - Free Report ) had its price objective increased by Mizuho from $15.00 to $17.00 in a report published on Friday morning, Benzinga reports. They currently have a buy rating on the stock.
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Several other research firms have also recently issued reports on BILI. Daiwa Capital Markets cut shares of Bilibili from a buy rating to a neutral rating in a research note on Friday, January 19th. Citigroup cut shares of Bilibili from a buy rating to a neutral rating and lowered their target price for the company from $18.00 to $12.50 in a research note on Monday, March 11th. Finally, JPMorgan Chase & Co. upgraded shares of Bilibili from an underweight rating to a neutral rating and upped their target price for the company from $10.00 to $11.00 in a research note on Monday, March 11th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, Bilibili has an average rating of Hold and a consensus price target of $15.37.
Read Our Latest Stock Report on Bilibili
Bilibili Price Performance Bilibili stock traded up $0.06 during trading hours on Friday, reaching $14.07. The company had a trading volume of 6,013,230 shares, compared to its average volume of 7,315,573. The company has a 50-day moving average price of $11.86 and a 200 day moving average price of $11.70. The firm has a market cap of $5.80 billion, a price-to-earnings ratio of -8.51 and a beta of 0.96. Bilibili has a 12-month low of $8.80 and a 12-month high of $19.74.
Bilibili (NASDAQ:BILI - Get Free Report ) last posted its earnings results on Thursday, March 7th. The company reported ($0.28) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.25) by ($0.03). Bilibili had a negative net margin of 21.34% and a negative return on equity of 28.12%. The business had revenue of $881.13 million for the quarter, compared to analysts' expectations of $891.61 million. As a group, research analysts expect that Bilibili will post -0.55 earnings per share for the current year.
Institutional Trading of Bilibili Several institutional investors and hedge funds have recently made changes to their positions in the business. Edmond DE Rothschild Holding S.A. lifted its position in shares of Bilibili by 10.2% during the first quarter. Edmond DE Rothschild Holding S.A. now owns 323,935 shares of the company's stock worth $3,628,000 after purchasing an additional 30,000 shares during the last quarter. Susquehanna International Group Ltd. raised its holdings in shares of Bilibili by 77.5% in the first quarter. Susquehanna International Group Ltd. now owns 38,246 shares of the company's stock valued at $428,000 after acquiring an additional 16,699 shares in the last quarter. SIH Partners LLLP raised its holdings in shares of Bilibili by 761.2% in the first quarter. SIH Partners LLLP now owns 486,220 shares of the company's stock valued at $5,446,000 after acquiring an additional 429,760 shares in the last quarter. GSA Capital Partners LLP bought a new stake in shares of Bilibili in the first quarter valued at about $460,000. Finally, Janney Montgomery Scott LLC bought a new stake in shares of Bilibili in the first quarter valued at about $951,000. 16.08% of the stock is currently owned by institutional investors.
About Bilibili (
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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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