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

Bilibili Inc. (NASDAQ:BILI)’s share price gapped up prior to trading on Tuesday . The stock had previously closed at $19.80, but opened at $20.38. Bilibili shares last traded at $20.36, with a volume of 1,604,545 shares changing hands.

Wall Street Analysts Forecast Growth

BILI has been the topic of several research reports. Mizuho upped their price objective on shares of Bilibili from $17.00 to $21.00 and gave the stock an “outperform” rating in a report on Tuesday, November 12th. Daiwa America raised shares of Bilibili from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 8th. Daiwa Capital Markets raised shares of Bilibili from a “neutral” rating to a “buy” rating in a research report on Friday, November 8th. Benchmark raised their target price on Bilibili from $24.00 to $30.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. Finally, Barclays raised their price objective on shares of Bilibili from $24.00 to $25.00 and gave the stock an “overweight” rating in a report on Friday, February 21st. Four analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Bilibili currently has a consensus rating of “Moderate Buy” and an average target price of $20.33.

Bilibili Trading Up 6.5 %

The stock’s fifty day simple moving average is $18.40 and its 200 day simple moving average is $18.92. The firm has a market capitalization of $8.74 billion, a PE ratio of -46.81 and a beta of 0.93. The company has a quick ratio of 1.05, a current ratio of 1.34 and a debt-to-equity ratio of 0.23.

Bilibili (NASDAQ:BILI) last announced its earnings results on Thursday, February 20th. The company reported $0.05 EPS for the quarter, topping analysts’ consensus estimates of $0.03 by $0.02. The company had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.05 billion. Bilibili had a negative return on equity of 8.23% and a negative net margin of 5.01%. On average, sell-side analysts predict that Bilibili Inc. will post 0.16 earnings per share for the current year.

Institutional Investors Weigh In On Bilibili

A number of institutional investors have recently bought and sold shares of BILI. US Bancorp DE raised its position in shares of Bilibili by 882.4% during the third quarter. US Bancorp DE now owns 70,999 shares of the company’s stock valued at $1,660,000 after buying an additional 63,772 shares during the last quarter. First Beijing Investment Ltd boosted its holdings in shares of Bilibili by 96.2% during the 3rd quarter. First Beijing Investment Ltd now owns 3,793,582 shares of the company’s stock valued at $88,694,000 after purchasing an additional 1,860,496 shares during the last quarter. Assetmark Inc. purchased a new position in shares of Bilibili during the third quarter valued at about $159,000. Venturi Wealth Management LLC purchased a new stake in shares of Bilibili in the third quarter worth about $63,000. Finally, KBC Group NV grew its holdings in Bilibili by 90.9% during the 3rd quarter. KBC Group NV now owns 10,683 shares of the company’s stock valued at $250,000 after buying an additional 5,086 shares in the last quarter. 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.