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

Bilibili Inc. (NASDAQ:BILI)’s share price gapped up prior to trading 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 changing hands.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Daiwa America upgraded shares of Bilibili from a “hold” rating to a “strong-buy” rating in a report on Friday, November 8th. Bank of America lifted their price objective on shares of Bilibili from $19.00 to $22.50 and gave the company a “buy” rating in a research note on Friday, October 25th. Barclays raised their price target on shares of Bilibili from $19.00 to $24.00 and gave the company an “overweight” rating in a report on Monday, November 18th. Benchmark upped their price objective 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. Finally, Mizuho lifted their target price on Bilibili from $17.00 to $21.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 12th. Three research 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 MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $19.69.

Bilibili Stock Up 6.3 %

The business has a 50-day moving average of $18.29 and a 200-day moving average of $18.16. The stock has a market cap of $7.37 billion, a price-to-earnings ratio of -19.32 and a beta of 0.81.

Bilibili (NASDAQ:BILI) last posted its earnings results on Thursday, November 14th. The company reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.47. The business had revenue of $7.31 billion for the quarter, compared to analyst estimates of $7.14 billion. Bilibili had a negative net margin of 10.73% and a negative return on equity of 15.17%. Bilibili’s revenue was up 25.8% compared to the same quarter last year. During the same period last year, the business posted ($0.39) EPS. Equities analysts anticipate that Bilibili Inc. will post -0.39 earnings per share for the current year.

Institutional Trading of Bilibili

Several hedge funds have recently added to or reduced their stakes in the business. Creative Planning grew its holdings in shares of Bilibili by 6.7% during the 2nd quarter. Creative Planning now owns 25,819 shares of the company’s stock worth $399,000 after purchasing an additional 1,632 shares in the last quarter. SG Americas Securities LLC grew its holdings in shares of Bilibili by 34.7% in the 3rd quarter. SG Americas Securities LLC now owns 45,416 shares of the company’s stock worth $1,062,000 after purchasing an additional 11,705 shares during the last quarter. Blue Trust Inc. increased 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 worth $30,000 after purchasing an additional 891 shares in the last quarter. Signaturefd LLC lifted its holdings in Bilibili by 6.5% during 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. Finally, International Assets Investment Management LLC bought a new position in shares of Bilibili in the third quarter valued at approximately $9,570,000. Institutional investors 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.