Bilibili (NASDAQ:BILI) Shares Gap Up to $11.49

Bilibili Inc. (NASDAQ:BILI) shares gapped up before the market opened on Wednesday . The stock had previously closed at $11.49, but opened at $12.41. Bilibili shares last traded at $12.69, with a volume of 5,964,459 shares changing hands.

Analyst Ratings Changes

BILI has been the topic of several research analyst reports. Daiwa Capital Markets cut shares of Bilibili from a “buy” rating to a “neutral” rating in a research note on Friday, January 19th. Citigroup cut shares of Bilibili from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $18.00 to $12.50 in a research note on Monday, March 11th. JPMorgan Chase & Co. raised shares of Bilibili from an “underweight” rating to a “neutral” rating and raised their price objective for the company from $10.00 to $11.00 in a research note on Monday, March 11th. Finally, Mizuho reduced their price objective on shares of Bilibili from $18.00 to $16.00 and set a “buy” rating on the stock in a research note on Wednesday, January 17th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $15.26.

Bilibili Trading Down 2.0 %

The company has a market cap of $5.15 billion, a price-to-earnings ratio of -7.62 and a beta of 0.99. The firm’s fifty day moving average price is $11.13 and its 200-day moving average price is $11.68.

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 the consensus estimate 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 firm had revenue of $881.13 million during the quarter, compared to analyst estimates of $891.61 million. As a group, research analysts anticipate that Bilibili Inc. will post -0.55 EPS for the current year.

Hedge Funds Weigh In On Bilibili

Several institutional investors and hedge funds have recently made changes to their positions in BILI. SG Americas Securities LLC grew its holdings in shares of Bilibili by 205.8% in the 3rd quarter. SG Americas Securities LLC now owns 39,734 shares of the company’s stock valued at $547,000 after buying an additional 26,739 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its position in Bilibili by 30.7% in 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 acquiring an additional 161,396 shares in the last quarter. Altfest L J & Co. Inc. lifted its position in Bilibili by 55.0% in the 3rd quarter. Altfest L J & Co. Inc. now owns 30,006 shares of the company’s stock valued at $413,000 after acquiring an additional 10,644 shares in the last quarter. XY Capital Ltd bought a new stake in Bilibili in the 3rd quarter valued at $1,488,000. Finally, Principal Financial Group Inc. lifted its position in Bilibili by 7.1% in the 3rd quarter. Principal Financial Group Inc. now owns 18,036 shares of the company’s stock valued at $248,000 after acquiring an additional 1,202 shares in the last quarter. Institutional investors and hedge funds 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.