According to Zacks, “Bilibili Inc. provides an online entertainment platform primarily in China. It provides online video, live streaming and mobile games. Bilibili Inc. is based in NEW YORK.”
Other analysts have also recently released reports on the company. Sanford C. Bernstein upgraded Bilibili from an “outperform” rating to a “market perform” rating and set a price target of $45.00 for the stock. in a report on Tuesday, January 11. Barclays launched Bilibili’s coverage in a Tuesday, February 8 report. They set an “equal weight” rating and a price target of $32.00 on the stock. Morgan Stanley downgraded Bilibili from an “overweight” rating to an “equal weight” rating and set a price target of $45.00 for the company. in a research report on Friday, January 7. Citigroup reduced its target price on Bilibili from $120.00 to $61.00 in a Thursday, January 20 research report. Finally, Benchmark reduced its price target on Bilibili from $86.00 to $75.00 and set a “buy” rating for the company in a Friday, March 4 research report. Six analysts gave the stock a hold rating and seven gave the company a buy rating. According to MarketBeat.com, the company has an average rating of “Buy” and an average target price of $73.05.
The NASDAQ BILI traded at $2.66 during Friday’s trading, hitting $19.02. 13,204,453 shares of the company were traded, against an average volume of 6,485,451. The company has a current ratio of 3.02, a quick ratio of 2.74 and a debt ratio of 0.82. The company has a market capitalization of $5.93 billion, a PE ratio of -6.94 and a beta of 1.35. Bilibili has a fifty-two week low of $18.88 and a fifty-two week high of $129.24. The stock’s 50-day moving average price is $34.48 and its two-hundred-day moving average price is $57.66.
Bilibili (NASDAQ:BILI – Get a rating) last released its results on Thursday, March 3. The company reported ($4.22) EPS for the quarter, missing Thomson Reuters consensus estimate of ($0.64) by ($3.58). The company posted revenue of $5.78 billion for the quarter, versus analyst estimates of $5.75 billion. Bilibili had a negative return on equity of 28.68% and a negative net margin of 35.05%. The company’s revenue increased by 50.5% compared to the same quarter last year. During the same period of the previous year, the company posted EPS ($0.36). Analysts expect Bilibili to post -3.28 earnings per share for the current fiscal year.
A number of hedge funds and other institutional investors have recently changed their holdings of BILI. Lone Pine Capital LLC purchased a new stock position in Bilibili during Q3 worth approximately $569,908,000. Allspring Global Investments Holdings LLC purchased a new stock position in Bilibili during Q4, valued at approximately $280,010,000. Norges Bank bought a new stock position in Bilibili during Q4 valued at around $125,405,000. Marshall Wace LLP increased its equity stake in Bilibili by 759.3% during the 4th quarter. Marshall Wace LLP now owns 1,970,630 shares of the company valued at $91,440,000 after purchasing an additional 1,741,292 shares last quarter. Finally, Krane Funds Advisors LLC increased its stake in Bilibili shares by 96.6% during the 3rd quarter. Krane Funds Advisors LLC now owns 3,455,638 shares of the company valued at $228,660,000 after purchasing an additional 1,698,268 shares in the last quarter. Institutional investors and hedge funds hold 47.44% of the company’s shares.
About Bilibili (Get a rating)
Bilibili, Inc. is a holding company representing the iconic brand of online entertainment for younger generations in China. It offers a wide range of content serving the diverse interests of younger generations. The company enables broad video content consumption scenarios centered around professional user-generated videos or professional user-generated videos (PUGVs), supplemented by live streaming, work-generated videos, or business-generated videos through work (OGV), and more.
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