Equities researchers at UBS Group initiated coverage on shares of Bilibili (NASDAQ:BILI) in a report released on Wednesday, The Fly reports. The firm set a “buy” rating on the stock.

Several other equities research analysts have also recently issued reports on BILI. Zacks Investment Research cut Bilibili from a “hold” rating to a “sell” rating in a report on Tuesday, December 11th. Morgan Stanley raised Bilibili from an “equal weight” rating to an “overweight” rating and set a $17.00 target price on the stock in a report on Tuesday, January 8th. Daiwa Capital Markets initiated coverage on Bilibili in a report on Monday, January 14th. They issued an “outperform” rating on the stock. Citigroup started coverage on Bilibili in a report on Thursday, January 31st. They issued a “buy” rating and a $22.00 target price on the stock. Finally, China Renaissance Securities started coverage on Bilibili in a research report on Wednesday, February 27th. They issued a “buy” rating for the company. One investment analyst has rated the stock with a sell rating, one has given a hold rating and eight have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $19.40.

Shares of BILI stock traded down $0.29 during trading hours on Wednesday, hitting $17.55. The stock had a trading volume of 57,103 shares, compared to its average volume of 4,951,934. Bilibili has a one year low of $9.09 and a one year high of $22.70. The stock has a market capitalization of $4.97 billion and a price-to-earnings ratio of -46.08.

Bilibili (NASDAQ:BILI) last issued its earnings results on Wednesday, February 27th. The company reported ($0.09) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.12) by $0.03. Bilibili had a negative return on equity of 16.26% and a negative net margin of 14.84%. The firm had revenue of $1.16 billion for the quarter, compared to analysts’ expectations of $1.06 billion. Bilibili’s revenue for the quarter was up 57.5% compared to the same quarter last year. As a group, research analysts forecast that Bilibili will post -0.52 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. Tibra Equities Europe Ltd purchased a new position in Bilibili in the first quarter worth about $1,240,000. Segantii Capital Management Ltd purchased a new position in Bilibili in the first quarter worth about $90,561,000. Deutsche Bank AG grew its position in Bilibili by 742.1% in the fourth quarter. Deutsche Bank AG now owns 26,500 shares of the company’s stock worth $386,000 after acquiring an additional 23,353 shares in the last quarter. Norges Bank purchased a new position in Bilibili in the fourth quarter worth about $20,129,000. Finally, FMR LLC boosted its position in shares of Bilibili by 317.4% during the fourth quarter. FMR LLC now owns 678,313 shares of the company’s stock valued at $9,897,000 after buying an additional 515,813 shares during the period. Institutional investors own 18.55% of the company’s stock.

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. 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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The Fly

Analyst Recommendations for Bilibili (NASDAQ:BILI)

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