Bilibili (NASDAQ:BILI) Trading Up 4.3% – What’s Next?

Bilibili Inc. (NASDAQ:BILI)’s stock price was up 4.3% during mid-day trading on Tuesday . The company traded as high as $21.21 and last traded at $21.08. Approximately 3,330,815 shares changed hands during mid-day trading, a decline of 55% from the average daily volume of 7,327,195 shares. The stock had previously closed at $20.22.

Wall Street Analyst Weigh In

Several brokerages recently commented on BILI. Barclays upgraded Bilibili from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $14.00 to $19.00 in a research report on Friday, August 23rd. Morgan Stanley assumed coverage on shares of Bilibili in a report on Wednesday, September 25th. They set an “equal weight” rating and a $20.00 target price for the company. The Goldman Sachs Group raised shares of Bilibili from a “neutral” rating to a “buy” rating and raised their price target for the stock from $16.50 to $22.60 in a research note on Thursday, September 26th. Daiwa America lowered shares of Bilibili from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 3rd. Finally, Bank of America increased their price objective on shares of Bilibili from $18.00 to $19.00 and gave the company a “buy” rating in a report on Tuesday, September 3rd. Five investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $17.83.

Bilibili Trading Down 0.5 %

The firm has a market cap of $8.42 billion, a price-to-earnings ratio of -12.21 and a beta of 0.86. The stock’s fifty day moving average price is $18.15 and its 200-day moving average price is $15.86.

Bilibili (NASDAQ:BILI) last posted its earnings results on Thursday, August 22nd. The company reported ($0.65) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.10) by ($0.55). Bilibili had a negative return on equity of 22.44% and a negative net margin of 16.71%. The business had revenue of $6.13 billion for the quarter, compared to analyst estimates of $6.10 billion. During the same period last year, the business earned ($0.43) EPS. Bilibili’s revenue was up 15.5% compared to the same quarter last year. Analysts predict that Bilibili Inc. will post -0.37 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of BILI. Blue Trust Inc. increased its position in shares of Bilibili by 227.3% during the third 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 last quarter. CWM LLC boosted its position 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 purchasing an additional 853 shares during the period. Signaturefd LLC increased its holdings in Bilibili by 6.5% in the 3rd quarter. Signaturefd LLC now owns 9,731 shares of the company’s stock valued at $228,000 after purchasing an additional 598 shares during the last quarter. Sandia Investment Management LP purchased a new stake in Bilibili in the first quarter valued at approximately $112,000. Finally, Beck Bode LLC acquired a new position in Bilibili during the second quarter worth $165,000. 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.