Bilibili (NASDAQ:BILI) Trading Up 5.4%

Bilibili Inc. (NASDAQ:BILI) was up 5.4% on Monday . The company traded as high as $11.55 and last traded at $11.50. Approximately 2,178,677 shares changed hands during trading, a decline of 68% from the average daily volume of 6,866,709 shares. The stock had previously closed at $10.91.

Analyst Ratings Changes

A number of equities research analysts have weighed in on BILI shares. Citigroup downgraded Bilibili from a “buy” rating to a “neutral” rating and lowered their price target for the company from $18.00 to $12.50 in a research report on Monday, March 11th. Daiwa Capital Markets downgraded Bilibili from a “buy” rating to a “neutral” rating in a research report on Friday, January 19th. JPMorgan Chase & Co. upgraded Bilibili from an “underweight” rating to a “neutral” rating and raised their price target for the company from $10.00 to $11.00 in a research report on Monday, March 11th. Finally, Mizuho lowered their price target on Bilibili from $18.00 to $16.00 and set a “buy” rating on the stock in a research report on Wednesday, January 17th. One analyst has rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company. According to MarketBeat, Bilibili has an average rating of “Hold” and a consensus target price of $15.26.

Bilibili Stock Down 2.1 %

The stock has a market cap of $4.74 billion, a PE ratio of -7.01 and a beta of 0.99. The company has a fifty day moving average price of $11.03 and a 200 day moving average price of $11.67.

Bilibili (NASDAQ:BILI) last announced its quarterly earnings results on Thursday, March 7th. The company reported ($0.28) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.25) by ($0.03). Bilibili had a negative net margin of 21.34% and a negative return on equity of 28.12%. The business had revenue of $881.13 million for the quarter, compared to analysts’ expectations of $891.61 million. As a group, research analysts predict that Bilibili Inc. will post -0.54 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of BILI. Vontobel Holding Ltd. increased its holdings in Bilibili by 6.6% during the 3rd quarter. Vontobel Holding Ltd. now owns 35,015 shares of the company’s stock valued at $482,000 after purchasing an additional 2,157 shares during the period. Ronald Blue Trust Inc. increased its holdings in Bilibili by 79.1% during the 3rd quarter. Ronald Blue Trust Inc. now owns 3,347 shares of the company’s stock valued at $51,000 after purchasing an additional 1,478 shares during the period. SG Americas Securities LLC increased its holdings in Bilibili by 205.8% during the 3rd quarter. SG Americas Securities LLC now owns 39,734 shares of the company’s stock valued at $547,000 after purchasing an additional 26,739 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its holdings in Bilibili by 30.7% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 687,069 shares of the company’s stock valued at $9,461,000 after purchasing an additional 161,396 shares during the period. Finally, Altfest L J & Co. Inc. increased its holdings in Bilibili by 55.0% during the 3rd quarter. Altfest L J & Co. Inc. now owns 30,006 shares of the company’s stock valued at $413,000 after purchasing an additional 10,644 shares during the period. 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.