Zacks Investment Research upgraded shares of Bilibili (NASDAQ:BILI) from a hold rating to a strong-buy rating in a research report released on Friday morning, Zacks.com reports. Zacks Investment Research currently has $17.00 target price on the stock.
According to Zacks, “Bilibili Inc. provides online entertainment platform primarily in China. It provides online videos, live broadcasting and mobile games. Bilibili Inc. is based in NEW YORK. “
A number of other analysts have also recently weighed in on the company. ValuEngine cut Bilibili from a buy rating to a hold rating in a research report on Thursday, August 1st. 86 Research raised Bilibili to a buy rating and set a $19.00 price objective for the company in a research report on Friday, May 17th. Finally, UBS Group initiated coverage on Bilibili in a research report on Wednesday, April 10th. They issued a buy rating and a $23.00 price objective for the company. Two equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. Bilibili currently has an average rating of Buy and a consensus price target of $19.32.
Bilibili (NASDAQ:BILI) last posted its quarterly earnings data on Monday, May 13th. The company reported ($0.09) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.16) by $0.07. The firm had revenue of $203.54 million during the quarter, compared to analysts’ expectations of $192.60 million. Bilibili had a negative return on equity of 11.13% and a negative net margin of 14.65%. Research analysts expect that Bilibili will post -0.57 earnings per share for the current fiscal year.
A number of institutional investors and hedge funds have recently modified their holdings of BILI. Joseph P. Lucia & Associates LLC acquired a new stake in Bilibili during the 1st quarter worth about $35,000. NEXT Financial Group Inc lifted its position in Bilibili by 100.0% during the 2nd quarter. NEXT Financial Group Inc now owns 5,000 shares of the company’s stock worth $81,000 after acquiring an additional 2,500 shares during the period. Stifel Financial Corp acquired a new stake in Bilibili during the 4th quarter worth about $160,000. Raymond James Financial Services Advisors Inc. acquired a new stake in Bilibili during the 4th quarter worth about $185,000. Finally, Comerica Bank lifted its position in Bilibili by 8.9% during the 2nd quarter. Comerica Bank now owns 12,783 shares of the company’s stock worth $199,000 after acquiring an additional 1,046 shares during the period. 24.78% of the stock is owned by institutional investors.
Bilibili Inc provides online entertainment services for the young generations in the People's Republic of China. It offers a platform that covers a range of genres and media formats, including videos, live broadcasting, and mobile games. Bilibili Inc has a strategic collaboration agreement with Tencent Holdings Limited for sharing and operating existing and additional anime and games on its platform in China.
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