Bilibili (NASDAQ:BILI) Reaches New 52-Week High at $29.70

Bilibili Inc. (NASDAQ:BILI) shares reached a new 52-week high on Wednesday . The stock traded as high as $29.70 and last traded at $29.70, with a volume of 2271391 shares traded. The stock had previously closed at $26.73.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on BILI shares. The Goldman Sachs Group raised shares of Bilibili from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $16.50 to $22.60 in a research report on Thursday, September 26th. JPMorgan Chase & Co. raised Bilibili from a “neutral” rating to an “overweight” rating and set a $21.00 price target for the company in a report on Tuesday, June 18th. Nomura raised Bilibili from a “neutral” rating to a “buy” rating and set a $18.00 price objective on the stock in a research note on Thursday, August 22nd. Daiwa America upgraded Bilibili from a “moderate buy” rating to a “strong-buy” rating in a research note on Thursday, August 22nd. Finally, Bank of America increased their target price on shares of Bilibili from $18.00 to $19.00 and gave the stock a “buy” rating in a report on Tuesday, September 3rd. Three equities research analysts have rated the stock with a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Bilibili presently has a consensus rating of “Moderate Buy” and a consensus price target of $17.83.

Bilibili Stock Performance

The company has a market capitalization of $12.72 billion, a P/E ratio of -16.01 and a beta of 0.83. The business’s fifty day simple moving average is $15.56 and its 200-day simple moving average is $14.58.

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 firm had revenue of $6.13 billion during the quarter, compared to analysts’ expectations of $6.10 billion. Bilibili had a negative return on equity of 22.44% and a negative net margin of 16.71%. Bilibili’s quarterly revenue was up 15.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.43) earnings per share. As a group, analysts forecast that Bilibili Inc. will post -0.4 EPS for the current year.

Institutional Investors Weigh In On Bilibili

A number of hedge funds have recently bought and sold shares of the business. Quarry LP purchased a new stake in Bilibili during the second quarter valued at approximately $29,336,000. OLD Mission Capital LLC purchased a new stake in Bilibili during the 1st quarter valued at $14,849,000. SIH Partners LLLP lifted its position in Bilibili by 145.9% in the second quarter. SIH Partners LLLP now owns 1,195,420 shares of the company’s stock worth $18,457,000 after buying an additional 709,200 shares during the last quarter. Cubist Systematic Strategies LLC boosted its stake in Bilibili by 385.3% during the second quarter. Cubist Systematic Strategies LLC now owns 981,969 shares of the company’s stock worth $15,162,000 after buying an additional 779,614 shares during the period. Finally, Point72 Hong Kong Ltd bought a new position in Bilibili during the second quarter valued at $11,490,000. Hedge funds and other institutional investors own 16.08% 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 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.