Bilibili (NASDAQ:BILI) Shares Gap Up – Should You Buy?

Bilibili Inc. (NASDAQ:BILI) shares gapped up prior to trading on Tuesday . The stock had previously closed at $22.00, but opened at $23.08. Bilibili shares last traded at $23.25, with a volume of 1,323,605 shares changing hands.

Analysts Set New Price Targets

A number of brokerages have recently commented on BILI. Bank of America upped their price target on Bilibili from $19.00 to $22.50 and gave the stock a “buy” rating in a report on Friday, October 25th. Nomura Securities raised shares of Bilibili from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 22nd. Sanford C. Bernstein boosted their price objective 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. The Goldman Sachs Group raised shares of Bilibili from a “neutral” rating to a “buy” rating and upped their price objective for the company from $16.50 to $22.60 in a research report on Thursday, September 26th. Finally, Morgan Stanley began coverage on Bilibili in a research note on Wednesday, September 25th. They set an “equal weight” rating and a $20.00 price target on the stock. Five investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Bilibili presently has an average rating of “Moderate Buy” and an average price target of $18.15.

Bilibili Trading Down 4.6 %

The company has a 50 day moving average of $19.72 and a 200 day moving average of $16.59. The firm has a market cap of $9.18 billion, a price-to-earnings ratio of -16.54 and a beta of 0.86.

Bilibili (NASDAQ:BILI) last posted its earnings results on Thursday, August 22nd. The company reported ($0.65) earnings per share for the quarter, missing the consensus estimate of ($0.10) by ($0.55). The firm 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 for the quarter was up 15.5% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.43) EPS. As a group, sell-side analysts anticipate that Bilibili Inc. will post -0.32 EPS for the current fiscal year.

Institutional Investors Weigh In On Bilibili

A number of large investors have recently bought and sold shares of BILI. Blue Trust Inc. raised its position in Bilibili by 227.3% in the 3rd quarter. Blue Trust Inc. now owns 1,283 shares of the company’s stock valued at $30,000 after purchasing an additional 891 shares during the last quarter. CWM LLC lifted its position in Bilibili by 61.9% during the 2nd quarter. CWM LLC now owns 2,232 shares of the company’s stock worth $34,000 after buying an additional 853 shares in the last quarter. Venturi Wealth Management LLC acquired a new position in Bilibili during the 3rd quarter worth about $63,000. Sandia Investment Management LP bought a new stake in Bilibili during the 1st quarter worth about $112,000. Finally, Assetmark Inc. acquired a new stake in Bilibili in the 3rd quarter valued at about $159,000. 16.08% of the stock is currently owned by institutional investors.

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.