Bilibili (NASDAQ:BILI) was downgraded by analysts at Morgan Stanley from an “overweight” rating to an “equal weight” rating in a report issued on Monday, The Fly reports.

BILI has been the subject of several other research reports. JPMorgan Chase & Co. raised their target price on Bilibili from $14.00 to $16.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 29th. Bank of America lifted their price objective on Bilibili from $15.30 to $17.30 and gave the company a “buy” rating in a research report on Tuesday, June 26th.

Shares of Bilibili stock opened at $12.43 on Monday. Bilibili has a 12 month low of $9.09 and a 12 month high of $22.70.

Bilibili (NASDAQ:BILI) last issued its earnings results on Monday, August 27th. The company reported ($0.07) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.03) by ($0.04). The firm had revenue of $155.10 million during the quarter, compared to analyst estimates of $142.41 million. The firm’s revenue for the quarter was up 76.1% compared to the same quarter last year. During the same period in the previous year, the business posted ($3.03) earnings per share. research analysts anticipate that Bilibili will post -0.3 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Wells Fargo & Company MN boosted its position in Bilibili by 73.0% during the second quarter. Wells Fargo & Company MN now owns 4,258,279 shares of the company’s stock valued at $59,573,000 after purchasing an additional 1,797,067 shares during the last quarter. Jericho Capital Asset Management L.P. acquired a new stake in Bilibili during the first quarter valued at $36,378,000. BlackRock Inc. boosted its position in Bilibili by 482.8% during the second quarter. BlackRock Inc. now owns 2,331,934 shares of the company’s stock valued at $32,624,000 after purchasing an additional 1,931,783 shares during the last quarter. JPMorgan Chase & Co. acquired a new stake in Bilibili during the first quarter valued at $20,866,000. Finally, TB Alternative Assets Ltd. acquired a new stake in Bilibili during the second quarter valued at $17,916,000. 9.77% of the stock is owned by hedge funds and other institutional investors.

About Bilibili

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. The company was founded in 2009 and is headquartered in Shanghai, the People's Republic of China.

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