Brokerages Anticipate Bilibili Inc – (BILI) to Announce ($0.09) EPS
Shares of Bilibili Inc – (NASDAQ:BILI) have received an average broker rating score of 1.17 (Strong Buy) from the three analysts that cover the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a buy rating and two have issued a strong buy rating on the company.
Brokerages have set a 12 month consensus price target of $14.93 for the company and are forecasting that the company will post ($0.09) EPS for the current quarter, according to Zacks. Zacks has also assigned Bilibili an industry rank of 155 out of 255 based on the ratings given to its competitors.
A number of equities research analysts have recently commented on the company. Bank of America cut their price objective on Bilibili from $17.30 to $15.00 and set a “buy” rating for the company in a research report on Tuesday. JPMorgan Chase & Co. cut their price objective on Bilibili from $16.00 to $14.00 and set an “overweight” rating for the company in a research report on Wednesday, August 29th.
Bilibili (NASDAQ:BILI) last announced its quarterly earnings data on Monday, August 27th. The company reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.04). The firm had revenue of $155.10 million during the quarter, compared to the consensus estimate of $142.41 million. During the same period in the previous year, the business earned ($3.03) EPS. The business’s revenue was up 76.1% on a year-over-year basis. equities research analysts expect that Bilibili will post -0.3 EPS for the current year.
Several large investors have recently made changes to their positions in the company. Jane Street Group LLC purchased a new stake in shares of Bilibili in the second quarter valued at $468,000. Macquarie Group Ltd. purchased a new stake in shares of Bilibili in the second quarter valued at $2,451,000. Glen Harbor Capital Management LLC purchased a new stake in shares of Bilibili in the second quarter valued at $105,000. Tiverton Asset Management LLC purchased a new stake in shares of Bilibili in the second quarter valued at $202,000. Finally, BlackRock Inc. lifted its holdings in shares of Bilibili by 482.8% in 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 in the last quarter. Institutional investors own 9.77% of the company’s stock.
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.
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