Bilibili (NASDAQ:BILI) Downgraded to Hold Rating by Nomura Securities

Nomura Securities downgraded shares of Bilibili (NASDAQ:BILI) from a strong-buy rating to a hold rating in a research note issued to investors on Tuesday,Zacks.com reports.

Other equities analysts have also issued research reports about the company. Barclays upped their price target on Bilibili from $24.00 to $25.00 and gave the company an “overweight” rating in a research note on Friday, February 21st. Daiwa America raised Bilibili from a “hold” rating to a “strong-buy” rating in a report on Friday, November 8th. Daiwa Capital Markets raised shares of Bilibili from a “neutral” rating to a “buy” rating in a research note on Friday, November 8th. Mizuho increased their price objective on shares of Bilibili from $17.00 to $21.00 and gave the company an “outperform” rating in a report on Tuesday, November 12th. Finally, Benchmark raised 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. Four equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $20.33.

Bilibili Trading Down 0.6 %

BILI stock opened at $21.18 on Tuesday. The business has a fifty day moving average price of $18.32 and a 200 day moving average price of $18.72. 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 $9.63 and a fifty-two week high of $31.77. The stock has a market capitalization of $8.78 billion, a price-to-earnings ratio of -47.07 and a beta of 0.81.

Bilibili (NASDAQ:BILI) last announced its earnings results on Thursday, February 20th. The company reported $0.05 EPS for the quarter, topping the consensus estimate of $0.03 by $0.02. Bilibili had a negative return on equity of 8.23% and a negative net margin of 5.01%. The company had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.05 billion. Analysts expect that Bilibili will post 0.16 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BILI. Avior Wealth Management LLC increased its position in 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 acquiring an additional 1,436 shares during the period. Blue Trust Inc. grew its position in shares of Bilibili by 227.3% during the 3rd quarter. Blue Trust Inc. now owns 1,283 shares of the company’s stock worth $30,000 after purchasing an additional 891 shares in the last quarter. TD Private Client Wealth LLC acquired a new position in shares of Bilibili during the 3rd quarter worth approximately $53,000. Federated Hermes Inc. bought a new position in shares of Bilibili during the fourth quarter worth approximately $55,000. Finally, Venturi Wealth Management LLC acquired a new stake in shares of Bilibili in the third quarter valued at approximately $63,000. 16.08% of the stock is owned by institutional investors and hedge funds.

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.