Bilibili (NASDAQ:BILI) Shares Gap Up to $15.92

Bilibili Inc. (NASDAQ:BILI)’s stock price gapped up prior to trading on Tuesday . The stock had previously closed at $15.92, but opened at $17.39. Bilibili shares last traded at $17.86, with a volume of 1,516,861 shares.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on BILI shares. Bank of America lifted their price objective on Bilibili from $18.00 to $19.00 and gave the company a “buy” rating in a report on Tuesday, September 3rd. Nomura Securities raised Bilibili from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 22nd. UBS Group upgraded Bilibili from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $11.90 to $18.00 in a research report on Friday, May 31st. Barclays raised shares of Bilibili from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $14.00 to $19.00 in a research note on Friday, August 23rd. Finally, Daiwa America upgraded shares of Bilibili from a “moderate buy” rating to a “strong-buy” rating in a report on Thursday, August 22nd. Three analysts have rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $16.91.

Bilibili Stock Performance

The firm has a market cap of $7.45 billion, a price-to-earnings ratio of -10.59 and a beta of 0.83. The firm has a fifty day simple moving average of $14.79 and a 200-day simple moving average of $14.17.

Bilibili (NASDAQ:BILI) last posted its earnings results on Thursday, August 22nd. The company reported ($0.65) EPS for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.55). The company had revenue of $6.13 billion during the quarter, compared to the consensus estimate of $6.10 billion. Bilibili had a negative return on equity of 22.44% and a negative net margin of 16.71%. The firm’s revenue was up 15.5% compared to the same quarter last year. During the same period last year, the company posted ($0.43) EPS. Analysts expect that Bilibili Inc. will post -0.4 earnings per share for the current fiscal year.

Institutional Trading of Bilibili

A number of hedge funds have recently made changes to their positions in the company. CWM LLC lifted its holdings in shares of Bilibili by 61.9% during the second quarter. CWM LLC now owns 2,232 shares of the company’s stock worth $34,000 after purchasing an additional 853 shares during the period. Parallel Advisors LLC raised its position in Bilibili by 62.6% during the 4th quarter. Parallel Advisors LLC now owns 4,503 shares of the company’s stock worth $55,000 after purchasing an additional 1,734 shares during the last quarter. Sandia Investment Management LP acquired a new position in Bilibili during the 1st quarter worth about $112,000. Beck Bode LLC bought a new stake in shares of Bilibili in the 2nd quarter valued at about $165,000. Finally, Vanguard Personalized Indexing Management LLC increased its stake in shares of Bilibili by 10.3% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 17,610 shares of the company’s stock valued at $272,000 after buying an additional 1,650 shares during the period. 16.08% of the stock is owned by institutional investors and hedge funds.

About Bilibili

Bilibili Inc provides online entertainment services for the young generations in the People's Republic of China. It offers a range of digital content, including professional user generated videos, mobile games, and value-added services, such as live broadcasting, occupationally generated videos, audio drama on Maoer, and comics on Bilibili Comic.