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

Shares of Bilibili Inc. Sponsored ADR (NASDAQ:BILI) gapped up before the market opened on Friday . The stock had previously closed at $24.59, but opened at $25.91. Bilibili shares last traded at $26.0830, with a volume of 803,423 shares traded.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on BILI shares. Barclays upped their price objective on shares of Bilibili from $28.00 to $34.00 and gave the company an “overweight” rating in a research note on Friday, November 14th. Macquarie began coverage on shares of Bilibili in a research note on Tuesday, October 14th. They issued an “outperform” rating and a $36.03 price target on the stock. JPMorgan Chase & Co. increased their price objective on Bilibili from $24.00 to $27.00 and gave the stock a “neutral” rating in a report on Tuesday, November 18th. Wall Street Zen downgraded Bilibili from a “buy” rating to a “hold” rating in a research note on Saturday. Finally, Bank of America dropped their target price on Bilibili from $32.00 to $31.00 and set a “buy” rating on the stock in a research report on Friday, November 28th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and four have given a Hold rating to the company. According to MarketBeat, Bilibili has a consensus rating of “Moderate Buy” and a consensus target price of $29.61.

Bilibili Price Performance

The company has a debt-to-equity ratio of 0.54, a current ratio of 1.64 and a quick ratio of 1.64. The stock has a market capitalization of $11.02 billion, a P/E ratio of 105.48 and a beta of 0.66. The stock’s fifty day moving average is $26.38 and its 200-day moving average is $25.09.

Hedge Funds Weigh In On Bilibili

Institutional investors have recently modified their holdings of the company. Russell Investments Group Ltd. boosted its holdings in shares of Bilibili by 0.3% during the 3rd quarter. Russell Investments Group Ltd. now owns 173,458 shares of the company’s stock worth $4,872,000 after buying an additional 489 shares during the period. Signaturefd LLC boosted its holdings in Bilibili by 5.6% during the third quarter. Signaturefd LLC now owns 9,538 shares of the company’s stock valued at $268,000 after acquiring an additional 503 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Bilibili by 7.7% during the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 9,970 shares of the company’s stock valued at $214,000 after acquiring an additional 709 shares during the period. Geode Capital Management LLC grew its position in shares of Bilibili by 0.7% in the second quarter. Geode Capital Management LLC now owns 103,666 shares of the company’s stock valued at $2,224,000 after purchasing an additional 713 shares during the last quarter. Finally, Laird Norton Wetherby Wealth Management LLC increased its stake in shares of Bilibili by 3.3% in the third quarter. Laird Norton Wetherby Wealth Management LLC now owns 22,170 shares of the company’s stock worth $623,000 after purchasing an additional 718 shares during the period. Institutional investors own 16.08% of the company’s stock.

Bilibili Company Profile

Bilibili (NASDAQ: BILI) is a leading Chinese online entertainment platform renowned for its focus on animation, comics and games (ACG) content. The company operates a video-sharing website where users can view, upload and comment on a wide range of content, from full-length anime episodes to user-generated short videos. In addition to on-demand streaming, Bilibili offers live broadcasting services that connect creators with fans through real-time interaction features such as “bullet comments” that flow across the screen.

Beyond its core video community, Bilibili generates revenue through multiple value-added services.