Bilibili (NASDAQ:BILI) Shares Gap Up – Here’s What Happened

Bilibili Inc. (NASDAQ:BILI) shares gapped up before the market opened on Tuesday . The stock had previously closed at $19.21, but opened at $19.74. Bilibili shares last traded at $19.84, with a volume of 431,955 shares changing hands.

Analyst Ratings Changes

Several analysts have weighed in on BILI shares. Benchmark boosted their price objective on Bilibili from $16.00 to $24.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Sanford C. Bernstein raised their price objective on Bilibili from $12.00 to $13.00 and gave the stock a “market perform” rating in a research note on Friday, August 23rd. Bank of America raised their price target on Bilibili from $19.00 to $22.50 and gave the stock a “buy” rating in a research report on Friday, October 25th. Mizuho upped their price target on shares of Bilibili from $17.00 to $21.00 and gave the company an “outperform” rating in a report on Tuesday, November 12th. Finally, Daiwa Capital Markets raised shares of Bilibili from a “neutral” rating to a “buy” rating in a research report on Friday, November 8th. Three research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $19.69.

Bilibili Stock Performance

The firm has a market cap of $8.40 billion, a price-to-earnings ratio of -21.98 and a beta of 0.80. The firm has a fifty day simple moving average of $20.58 and a 200-day simple moving average of $17.72.

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

Institutional Trading of Bilibili

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Blue Trust Inc. lifted its position in shares of Bilibili by 227.3% during the 3rd quarter. Blue Trust Inc. now owns 1,283 shares of the company’s stock valued at $30,000 after acquiring an additional 891 shares during the period. CWM LLC raised its holdings in shares of 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. TD Private Client Wealth LLC bought a new stake in shares of Bilibili during the 3rd quarter worth $53,000. Venturi Wealth Management LLC bought a new stake in shares of Bilibili during the 3rd quarter worth $63,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in 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. 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.