Bilibili (NASDAQ:BILI) issued its quarterly earnings data on Tuesday. The company reported ($0.13) EPS for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.02), Morningstar.com reports. The business had revenue of $157.08 million for the quarter, compared to analysts’ expectations of $147.46 million.

Shares of Bilibili stock traded up $1.12 during trading on Wednesday, reaching $14.72. The company had a trading volume of 270,288 shares, compared to its average volume of 3,726,273. Bilibili has a fifty-two week low of $9.09 and a fifty-two week high of $22.70.

A number of equities research analysts have recently issued reports on BILI shares. Zacks Investment Research upgraded shares of Bilibili from a “sell” rating to a “hold” rating in a research note on Tuesday, October 30th. Morgan Stanley lowered shares of Bilibili from an “overweight” rating to an “equal weight” rating and cut their target price for the company from $13.50 to $11.00 in a research note on Monday, September 24th. Bank of America cut their target price on shares of Bilibili from $17.30 to $15.00 and set a “buy” rating on the stock in a research note on Tuesday, September 11th. Finally, JPMorgan Chase & Co. cut their target price on shares of Bilibili from $16.00 to $14.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 29th.

Several institutional investors have recently modified their holdings of the company. Ariose Capital Management Ltd acquired a new stake in shares of Bilibili in the 2nd quarter valued at about $369,300,000. Glen Harbor Capital Management LLC acquired a new stake in Bilibili during the second quarter worth about $105,000. Comerica Bank acquired a new stake in Bilibili during the second quarter worth about $144,000. B. Riley Wealth Management Inc. acquired a new stake in Bilibili during the third quarter worth about $168,000. Finally, Tiverton Asset Management LLC acquired a new stake in Bilibili during the second quarter worth about $202,000. Institutional investors and hedge funds own 11.47% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: This report was first reported by Watch List News and is the property of of Watch List News. If you are accessing this report on another website, it was copied illegally and reposted in violation of US & international trademark & copyright legislation. The original version of this report can be accessed at https://www.watchlistnews.com/bilibili-bili-issues-earnings-results/2628405.html.

Bilibili Company Profile

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.

Recommended Story: How are Outstanding Shares Different from Authorized Shares?

Receive News & Ratings for Bilibili Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bilibili and related companies with MarketBeat.com's FREE daily email newsletter.