Streetbeat News

BILI

Bilibili Inc.

https://www.bilibili.com

Industry

Electronic Gaming & Multimedia

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

Open

18.84

Mkt cap

7.6B

Volume

7.5M

High

18.95

P/E Ratio

-13.76

52-wk high

31.77

Low

18.06

Div yield

N/A

52-wk low

8.80

Nike reported better-than-expected earnings but missed sales expectations for Q2, causing its shares to fall 11.4% in pre-market trading. The company is exploring ways to achieve $2 billion in cost savings over the next three years. Other stocks such as NetEase, TAL Education Group, Nanobiotix, Bilibili, LexinFintech, HUYA, Gaotu Techedu, New Oriental Education & Technology Group, Foot Locker, and Under Armour also saw declines in pre-market trading, with NetEase and Bilibili affected by China's new draft rules on gaming.

Portfolio Pulse from Avi Kapoor

December 22, 2023 | 10:54 am

China's top gaming regulator introduced new draft rules targeting online gaming, causing a significant market selloff. Tencent Holdings Ltd. (OTC:TCEHY) saw a $54 billion loss in market value, with its stock experiencing the largest intraday dip since 2008. Other companies like NetEase Inc. (NASDAQ:NTES) and Bilibili Inc. (NASDAQ:BILI) also faced substantial drops. The regulations include spending limits, bans on certain rewards, and content restrictions. This move is part of the Chinese government's broader campaign against the private sector's unchecked growth and is expected to impact gaming companies' revenue and monetization strategies.

Portfolio Pulse from Benzinga Neuro

December 22, 2023 | 8:49 am

UBS analyst Felix Liu downgraded Bilibili (NASDAQ:BILI) from Buy to Neutral and reduced the price target from $22 to $13.2, indicating a more cautious outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

December 04, 2023 | 11:13 am

Bilibili (NASDAQ:BILI) has received mixed analyst ratings in the last quarter, with an average 12-month price target of $16.00, representing a 26.44% decrease from the previous target of $21.75. The ratings include 1 bullish, 2 indifferent, and 1 somewhat bearish. Analysts use various methods to determine their ratings, including company data and industry trends.

Portfolio Pulse from Benzinga Insights

November 30, 2023 | 7:00 pm

Benchmark analyst Fawne Jiang has maintained a Buy rating on Bilibili (NASDAQ:BILI) but has reduced the price target from $35 to $21.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 5:09 pm

Goldman Sachs analyst Lincoln Kong has maintained a Neutral rating on Bilibili (NASDAQ:BILI) and reduced the price target from $17.4 to $15.6.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 3:03 pm

Barclays analyst Jiong Shao has downgraded Bilibili (NASDAQ:BILI) from Equal-Weight to Underweight and reduced the price target from $15 to $10.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 12:43 pm

Patterson Companies, Inc. (PDCO) shares fell by 14% after reporting Q2 earnings of $0.50 per share, missing estimates of $0.58 per share, and lowering FY24 adjusted EPS guidance below expectations. The company's sales were $1.65 billion, below the expected $1.70 billion. Other stocks moved in the mid-day session with various companies experiencing significant gains or losses due to various factors such as FDA clearances, earnings reports, acquisition announcements, and public offerings.

Portfolio Pulse from Lisa Levin

November 29, 2023 | 7:02 pm

Stocks are on the rise with the S&P 500 and Nasdaq 100 nearing highs, driven by stronger-than-expected U.S. GDP growth data for Q3. Despite hawkish comments from Richmond Fed President Thomas Barkin, the market is optimistic about future rate cuts. OPEC+ is considering oil production cuts, which has led to a rebound in oil prices. U.S. stock indices and sector ETFs saw gains, with notable performances from GM, WDAY, CRWD, GME, and NTAP after positive news. Other stocks and ETFs are also mentioned in relation to earnings reports and market performance.

Portfolio Pulse from Piero Cingari

November 29, 2023 | 6:59 pm

Bilibili's stock price is down following the report of a year-over-year decline in Q3 revenue and the release of FY23 revenue guidance that suggests continued challenges.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 4:05 pm

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.