Bilibili (NASDAQ:BILI) Shares Gap Up – Time to Buy?

Bilibili Inc. (NASDAQ:BILI) gapped up prior to trading on Wednesday . The stock had previously closed at $18.07, but opened at $18.90. Bilibili shares last traded at $18.90, with a volume of 221,324 shares trading hands.

Wall Street Analyst Weigh In

Several research analysts have commented on BILI shares. Barclays raised their price objective on Bilibili from $19.00 to $24.00 and gave the stock an “overweight” rating in a report on Monday, November 18th. Mizuho lifted their price objective on Bilibili from $17.00 to $21.00 and gave the company an “outperform” rating in a report on Tuesday, November 12th. Sanford C. Bernstein increased their target price on shares of Bilibili from $12.00 to $13.00 and gave the stock a “market perform” rating in a report on Friday, August 23rd. Benchmark boosted their price target on shares of Bilibili from $16.00 to $24.00 and gave the company a “buy” rating in a report on Friday, November 15th. Finally, Daiwa Capital Markets upgraded shares of Bilibili from a “neutral” rating to a “buy” rating in a research note on Friday, November 8th. Three investment analysts have rated the stock with a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $19.69.

Bilibili Stock Performance

The stock has a market cap of $7.82 billion, a PE ratio of -20.51 and a beta of 0.86. The firm has a fifty day moving average price of $21.27 and a 200 day moving average price of $17.28.

Bilibili (NASDAQ:BILI) last released its quarterly earnings results on Thursday, November 14th. The company reported $0.57 EPS for the quarter, beating analysts’ consensus estimates of $0.10 by $0.47. Bilibili had a negative return on equity of 15.17% and a negative net margin of 10.73%. The company had revenue of $7.31 billion during the quarter, compared to analysts’ expectations of $7.14 billion. During the same period last year, the business posted ($0.39) earnings per share. The firm’s revenue was up 25.8% compared to the same quarter last year. On average, equities research analysts forecast that Bilibili Inc. will post -0.34 earnings per share for the current year.

Institutional Trading of Bilibili

Large investors have recently bought and sold shares of the stock. Blue Trust Inc. lifted its stake in shares of Bilibili by 227.3% during the third quarter. Blue Trust Inc. now owns 1,283 shares of the company’s stock worth $30,000 after buying an additional 891 shares during the period. CWM LLC raised its stake in Bilibili by 61.9% in the 2nd quarter. CWM LLC now owns 2,232 shares of the company’s stock worth $34,000 after acquiring an additional 853 shares during the last quarter. TD Private Client Wealth LLC purchased a new position in Bilibili in the 3rd quarter worth $53,000. Venturi Wealth Management LLC acquired a new stake in Bilibili during the 3rd quarter worth about $63,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Bilibili by 26.3% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,528 shares of the company’s stock valued at $82,000 after purchasing an additional 735 shares during the last quarter. 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.