Bilibili (NASDAQ:BILI) Upgraded by Credit Suisse Group to “Outperform”

Bilibili (NASDAQ:BILI) was upgraded by equities research analysts at Credit Suisse Group from a “neutral” rating to an “outperform” rating in a report issued on Thursday, The Fly reports. The brokerage currently has a $140.00 price target on the stock. Credit Suisse Group’s price target points to a potential upside of 28.26% from the company’s previous close.

Other research analysts have also issued reports about the stock. Zacks Investment Research lowered shares of Bilibili from a “hold” rating to a “sell” rating in a research note on Monday, February 1st. The Goldman Sachs Group initiated coverage on Bilibili in a report on Wednesday, March 31st. They issued a “buy” rating for the company. Sanford C. Bernstein started coverage on Bilibili in a research report on Monday, January 25th. They issued an “outperform” rating on the stock. TheStreet lowered Bilibili from a “c-” rating to a “d+” rating in a research report on Tuesday, March 2nd. Finally, Nomura raised Bilibili from a “neutral” rating to a “buy” rating in a research note on Thursday, February 25th. One analyst has rated the stock with a sell rating, two have issued a hold rating and nine have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $66.05.

NASDAQ:BILI opened at $109.15 on Thursday. The firm has a market capitalization of $38.41 billion, a PE ratio of -101.06 and a beta of 1.42. Bilibili has a 52 week low of $25.00 and a 52 week high of $157.66. The company has a current ratio of 2.44, a quick ratio of 2.44 and a debt-to-equity ratio of 1.03. The stock has a 50 day moving average of $116.61 and a 200-day moving average of $88.18.

Bilibili (NASDAQ:BILI) last issued its earnings results on Tuesday, February 23rd. The company reported ($1.88) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.42) by ($1.46). Bilibili had a negative return on equity of 30.90% and a negative net margin of 25.28%. The company had revenue of $588.50 million during the quarter. As a group, analysts predict that Bilibili will post -1.31 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Signaturefd LLC lifted its position in shares of Bilibili by 49.9% during the 4th quarter. Signaturefd LLC now owns 610 shares of the company’s stock valued at $52,000 after acquiring an additional 203 shares during the last quarter. Perigon Wealth Management LLC purchased a new position in shares of Bilibili in the fourth quarter worth approximately $62,000. Carolina Wealth Advisors LLC acquired a new stake in shares of Bilibili during the fourth quarter valued at approximately $69,000. Harel Insurance Investments & Financial Services Ltd. lifted its position in shares of Bilibili by 43.7% in the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,200 shares of the company’s stock valued at $331,000 after acquiring an additional 365 shares in the last quarter. Finally, AGF Investments Inc. acquired a new position in Bilibili in the 4th quarter worth approximately $143,000. Institutional investors and hedge funds own 39.14% of the company’s stock.

About Bilibili

Bilibili Inc provides online entertainment services for the young generations in the People's Republic of China. Its platform offers a range of content, including video services, mobile games, and value-added service, as well as ACG-related comic and audio content. The company's video services include professional user generated videos, occupationally generated videos, and live broadcasting.

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