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

Bilibili Inc. (NASDAQ:BILI) shares 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 changing hands.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on BILI shares. Benchmark raised their price objective on shares of Bilibili from $16.00 to $24.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Daiwa America upgraded shares of Bilibili from a “hold” rating to a “strong-buy” rating in a report on Friday, November 8th. Morgan Stanley initiated coverage on Bilibili in a report on Wednesday, September 25th. They issued an “equal weight” rating and a $20.00 price objective on the stock. The Goldman Sachs Group raised Bilibili from a “neutral” rating to a “buy” rating and raised their target price for the stock from $16.50 to $22.60 in a research note on Thursday, September 26th. Finally, Barclays lifted their target price on Bilibili from $19.00 to $24.00 and gave the company an “overweight” rating in a research report on Monday, November 18th. Three equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $19.69.

Bilibili Trading Up 4.5 %

The business has a fifty day moving average of $21.12 and a 200 day moving average of $17.26.

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

Institutional Trading of Bilibili

A number of large investors have recently modified their holdings of BILI. TD Private Client Wealth LLC purchased a new position in Bilibili in the third quarter valued at $53,000. Barclays PLC raised its position in Bilibili by 13.5% in the 3rd quarter. Barclays PLC now owns 127,563 shares of the company’s stock valued at $2,982,000 after purchasing an additional 15,136 shares in the last quarter. Y Intercept Hong Kong Ltd boosted its stake in shares of Bilibili by 1,064.9% in the 3rd quarter. Y Intercept Hong Kong Ltd now owns 190,275 shares of the company’s stock valued at $4,449,000 after buying an additional 173,941 shares during the period. Main Management ETF Advisors LLC acquired a new position in shares of Bilibili during the third quarter worth about $1,361,000. Finally, Two Sigma Advisers LP increased its stake in shares of Bilibili by 14,710.1% during the third quarter. Two Sigma Advisers LP now owns 1,762,400 shares of the company’s stock worth $41,205,000 after buying an additional 1,750,500 shares during the period. 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.