Bilibili (NASDAQ:BILI) Stock Price Up 2%

Bilibili Inc. (NASDAQ:BILI)’s share price shot up 2% on Tuesday . The company traded as high as $14.59 and last traded at $14.55. 423,749 shares changed hands during mid-day trading, a decline of 94% from the average session volume of 6,914,619 shares. The stock had previously closed at $14.26.

Analysts Set New Price Targets

Several research firms have recently issued reports on BILI. Barclays upgraded shares of Bilibili from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $14.00 to $19.00 in a report on Friday. Daiwa America raised Bilibili from a “moderate buy” rating to a “strong-buy” rating in a report on Thursday, August 22nd. Daiwa Capital Markets raised shares of Bilibili from a “neutral” rating to an “outperform” rating in a report on Thursday, August 22nd. Nomura Securities raised shares of Bilibili from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 22nd. Finally, Sanford C. Bernstein lifted their price target on shares of Bilibili from $12.00 to $13.00 and gave the company a “market perform” rating in a research note on Friday. Three research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Bilibili has an average rating of “Moderate Buy” and an average target price of $16.68.

Bilibili Trading Up 1.5 %

The company has a market cap of $5.98 billion, a price-to-earnings ratio of -8.59 and a beta of 0.85. The stock’s fifty day simple moving average is $15.40 and its 200 day simple moving average is $13.49.

Bilibili (NASDAQ:BILI) last posted its quarterly earnings results on Thursday, August 22nd. The company reported ($0.65) EPS for the quarter, missing the consensus estimate of ($0.10) by ($0.55). The company had revenue of $6.13 billion during the quarter, compared to analyst estimates of $6.10 billion. Bilibili had a negative net margin of 21.41% and a negative return on equity of 26.46%. Bilibili’s revenue for the quarter was up 15.5% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.43) EPS. On average, analysts predict that Bilibili Inc. will post -0.46 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of BILI. Point72 Asset Management L.P. acquired a new position in Bilibili in the second quarter valued at approximately $8,128,000. Quarry LP purchased a new stake in Bilibili in the second quarter valued at $29,336,000. Creative Planning lifted its stake in shares of Bilibili by 6.7% in the 2nd quarter. Creative Planning now owns 25,819 shares of the company’s stock valued at $399,000 after purchasing an additional 1,632 shares during the last quarter. SIH Partners LLLP grew its holdings in shares of Bilibili by 145.9% during the 2nd quarter. SIH Partners LLLP now owns 1,195,420 shares of the company’s stock worth $18,457,000 after purchasing an additional 709,200 shares during the period. Finally, Susquehanna International Group Ltd. increased its position in shares of Bilibili by 23.2% during the 2nd quarter. Susquehanna International Group Ltd. now owns 47,124 shares of the company’s stock worth $728,000 after purchasing an additional 8,878 shares during the last quarter. Institutional investors and hedge funds own 16.08% of the company’s stock.

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.