Bilibili (NASDAQ:BILI) Shares Gap Up After Analyst Upgrade

Bilibili Inc. (NASDAQ:BILIGet Free Report) gapped up prior to trading on Monday after Bank of America raised their price target on the stock from $19.00 to $22.50. The stock had previously closed at $20.65, but opened at $21.47. Bank of America currently has a buy rating on the stock. Bilibili shares last traded at $21.84, with a volume of 886,694 shares changing hands.

Other equities research analysts have also issued research reports about the company. Sanford C. Bernstein lifted their target price on Bilibili from $12.00 to $13.00 and gave the company a “market perform” rating in a research report on Friday, August 23rd. Daiwa Capital Markets downgraded Bilibili from an “outperform” rating to a “neutral” rating in a research note on Thursday, October 3rd. Nomura upgraded shares of Bilibili from a “neutral” rating to a “buy” rating and set a $18.00 price target on the stock in a research note on Thursday, August 22nd. Daiwa America cut Bilibili from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 3rd. Finally, Morgan Stanley began coverage on shares of Bilibili in a research report on Wednesday, September 25th. They issued an “equal weight” rating and a $20.00 price target for the company. Five research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $18.15.

Get Our Latest Stock Analysis on Bilibili

Institutional Trading of Bilibili

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. US Bancorp DE lifted its position in Bilibili by 882.4% during the 3rd quarter. US Bancorp DE now owns 70,999 shares of the company’s stock valued at $1,660,000 after acquiring an additional 63,772 shares during the period. International Assets Investment Management LLC purchased a new stake in Bilibili during the third quarter valued at $9,570,000. Signaturefd LLC raised its position in Bilibili by 6.5% in the third quarter. Signaturefd LLC now owns 9,731 shares of the company’s stock worth $228,000 after acquiring an additional 598 shares during the period. Blue Trust Inc. lifted 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 valued at $30,000 after buying an additional 891 shares in the last quarter. Finally, SG Americas Securities LLC grew its position in shares of Bilibili by 34.7% during the third 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 in the last quarter. Hedge funds and other institutional investors own 16.08% of the company’s stock.

Bilibili Stock Performance

The company has a market capitalization of $9.18 billion, a P/E ratio of -13.26 and a beta of 0.86. The business’s fifty day simple moving average is $18.42 and its 200-day simple moving average is $16.01.

Bilibili (NASDAQ:BILIGet Free Report) last posted its quarterly earnings results on Thursday, August 22nd. The company reported ($0.65) EPS for the quarter, missing the consensus estimate of ($0.10) by ($0.55). The company had revenue of $6.13 billion during the quarter, compared to analysts’ expectations of $6.10 billion. Bilibili had a negative return on equity of 22.44% and a negative net margin of 16.71%. The company’s quarterly revenue was up 15.5% on a year-over-year basis. During the same period in the prior year, the business earned ($0.43) EPS. As a group, analysts forecast that Bilibili Inc. will post -0.37 EPS for the current year.

Bilibili Company Profile

(Get Free Report)

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.

Further Reading

Receive News & Ratings for Bilibili Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bilibili and related companies with MarketBeat.com's FREE daily email newsletter.