Bilibili (NASDAQ:BILI) Trading 5.7% Higher

Bilibili Inc. (NASDAQ:BILI)’s share price traded up 5.7% on Thursday . The company traded as high as $12.39 and last traded at $12.34. 1,174,728 shares were traded during trading, a decline of 83% from the average session volume of 7,065,662 shares. The stock had previously closed at $11.68.

Analyst Ratings Changes

Several research analysts have commented on the stock. Citigroup downgraded shares of Bilibili from a “buy” rating to a “neutral” rating and cut their price target for the company from $18.00 to $12.50 in a report on Monday, March 11th. JPMorgan Chase & Co. upgraded Bilibili from an “underweight” rating to a “neutral” rating and increased their price objective for the stock from $10.00 to $11.00 in a research report on Monday, March 11th. Mizuho decreased their target price on Bilibili from $18.00 to $16.00 and set a “buy” rating on the stock in a research note on Wednesday, January 17th. Finally, Daiwa Capital Markets cut Bilibili from a “buy” rating to a “neutral” rating in a report on Friday, January 19th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $15.26.

Bilibili Trading Down 6.1 %

The stock has a market capitalization of $4.73 billion, a PE ratio of -7.00 and a beta of 0.99. The business has a fifty day moving average price of $10.83 and a 200-day moving average price of $11.80.

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

Institutional Trading of Bilibili

Several hedge funds have recently added to or reduced their stakes in BILI. Artisan Partners Limited Partnership lifted its position in Bilibili by 3.9% in the third quarter. Artisan Partners Limited Partnership now owns 3,790,190 shares of the company’s stock valued at $52,191,000 after purchasing an additional 143,881 shares during the last quarter. Morgan Stanley increased its stake in shares of Bilibili by 47.6% in the third quarter. Morgan Stanley now owns 3,174,384 shares of the company’s stock worth $43,711,000 after buying an additional 1,023,650 shares during the period. Renaissance Technologies LLC raised its holdings in Bilibili by 184.3% during the 1st quarter. Renaissance Technologies LLC now owns 2,076,066 shares of the company’s stock valued at $48,788,000 after buying an additional 1,345,900 shares during the last quarter. Bridgewater Associates LP boosted its position in Bilibili by 48.6% during the 1st quarter. Bridgewater Associates LP now owns 1,099,588 shares of the company’s stock valued at $28,127,000 after buying an additional 359,842 shares during the period. Finally, Bank of America Corp DE grew its holdings in Bilibili by 7.2% in the 1st quarter. Bank of America Corp DE now owns 1,011,449 shares of the company’s stock worth $23,769,000 after acquiring an additional 68,042 shares during the last quarter. 16.08% of the stock is owned by institutional investors.

Bilibili Company Profile

Bilibili Inc provides online entertainment services for the young generations in the People's Republic of China. Its platform offers a range of content, including video services, mobile games, and value-added service, as well as ACG-related comic and audio content. The company's video services include professional user generated videos, occupationally generated videos, live broadcasting, and story mode.