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

Shares of Bilibili Inc. (NASDAQ:BILI) gapped up before the market opened on Tuesday . The stock had previously closed at $16.72, but opened at $17.71. Bilibili shares last traded at $17.89, with a volume of 1,362,689 shares.

Analyst Ratings Changes

A number of research firms have recently commented on BILI. Mizuho upped their price target on shares of Bilibili from $17.00 to $21.00 and gave the stock an “outperform” rating in a report on Tuesday, November 12th. Benchmark increased their target price on shares of Bilibili from $16.00 to $24.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Daiwa Capital Markets raised Bilibili from a “neutral” rating to a “buy” rating in a research report on Friday, November 8th. Daiwa America upgraded Bilibili from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 8th. Finally, Barclays raised their price target on shares of Bilibili from $19.00 to $24.00 and gave the stock an “overweight” rating in a report on Monday, November 18th. Three investment 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 data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $19.69.

Bilibili Stock Performance

The firm has a 50-day simple moving average of $18.29 and a two-hundred day simple moving average of $18.16. The company has a market capitalization of $7.37 billion, a price-to-earnings ratio of -19.32 and a beta of 0.81.

Bilibili (NASDAQ:BILI) last announced its quarterly earnings data on Thursday, November 14th. The company reported $0.57 EPS for the quarter, topping 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 business had revenue of $7.31 billion during the quarter, compared to the consensus estimate of $7.14 billion. During the same period in the previous year, the company posted ($0.39) earnings per share. The business’s revenue for the quarter was up 25.8% on a year-over-year basis. As a group, equities analysts forecast that Bilibili Inc. will post -0.39 EPS for the current fiscal year.

Institutional Investors Weigh In On Bilibili

Several large investors have recently modified their holdings of BILI. Avior Wealth Management LLC increased its stake in shares of Bilibili by 1,817.7% during the fourth quarter. Avior Wealth Management LLC now owns 1,515 shares of the company’s stock worth $27,000 after acquiring an additional 1,436 shares during the period. Blue Trust Inc. raised its stake in shares of Bilibili by 227.3% during the 3rd quarter. Blue Trust Inc. now owns 1,283 shares of the company’s stock worth $30,000 after buying an additional 891 shares in the last quarter. TD Private Client Wealth LLC purchased a new position in shares of Bilibili during the 3rd quarter worth approximately $53,000. Venturi Wealth Management LLC acquired a new stake in shares of Bilibili in the 3rd quarter valued at approximately $63,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Bilibili by 26.3% in the third 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 buying an additional 735 shares in the last quarter. 16.08% of the stock is owned by institutional investors and hedge funds.

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.