Bilibili (NASDAQ:BILI) Announces Earnings Results

Bilibili (NASDAQ:BILI – Get Rating) issued its earnings results on Thursday. The company reported ($4.20) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.56) by ($3.64), Briefing.com reports. Bilibili had a negative return on equity of 33.31% and a negative net margin of 39.78%. The business had revenue of $5.05 billion during the quarter, compared to analysts’ expectations of $5.05 billion. During the same period last year, the firm posted ($0.39) EPS. Bilibili’s quarterly revenue was up 29.6% compared to the same quarter last year. Bilibili updated its Q2 2022 guidance to EPS.

Shares of NASDAQ:BILI opened at $26.10 on Friday. The stock has a 50 day moving average of $23.29 and a 200 day moving average of $33.51. The company has a market cap of $10.19 billion, a PE ratio of -8.01 and a beta of 1.27. The company has a current ratio of 3.02, a quick ratio of 3.02 and a debt-to-equity ratio of 0.82. Bilibili has a 12-month low of $14.93 and a 12-month high of $129.24.

Several large investors have recently made changes to their positions in the stock. Bridgewater Associates LP boosted its stake in Bilibili by 48.6% in the 1st quarter. Bridgewater Associates LP now owns 1,099,588 shares of the company’s stock worth $28,127,000 after purchasing an additional 359,842 shares during the period. BNP Paribas Arbitrage SA boosted its stake in Bilibili by 27.5% in the 1st quarter. BNP Paribas Arbitrage SA now owns 560,386 shares of the company’s stock worth $14,335,000 after purchasing an additional 120,948 shares during the period. Sei Investments Co. boosted its stake in Bilibili by 26.2% in the 4th quarter. Sei Investments Co. now owns 387,837 shares of the company’s stock worth $17,996,000 after purchasing an additional 80,438 shares during the period. E Fund Management Hong Kong Co. Ltd. boosted its stake in Bilibili by 101.8% in the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 113,167 shares of the company’s stock worth $3,120,000 after purchasing an additional 57,090 shares during the period. Finally, Quantbot Technologies LP bought a new position in Bilibili in the 1st quarter worth approximately $1,332,000. Institutional investors own 40.49% of the company’s stock.

A number of equities analysts have weighed in on BILI shares. Citigroup decreased their target price on Bilibili from $46.00 to $45.00 and set a “buy” rating for the company in a research report on Friday. JPMorgan Chase & Co. raised Bilibili from an “underweight” rating to a “neutral” rating and boosted their target price for the stock from $15.00 to $19.00 in a research report on Monday, May 16th. KGI Securities lowered Bilibili from an “outperform” rating to a “neutral” rating in a research report on Thursday, March 24th. Barclays upped their price target on shares of Bilibili from $24.00 to $26.00 and gave the company an “equal weight” rating in a research report on Friday. Finally, The Goldman Sachs Group began coverage on shares of Bilibili in a research report on Sunday, April 10th. They set a “hold” rating and a $35.00 price target for the company. Seven analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $50.13.

About Bilibili (Get Rating)

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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