Bilibili (NASDAQ:BILI) Shares Gap Up – What’s Next?

Shares of Bilibili Inc. (NASDAQ:BILI) gapped up prior to trading on Thursday . The stock had previously closed at $19.44, but opened at $19.93. Bilibili shares last traded at $20.29, with a volume of 1,188,154 shares.

Analysts Set New Price Targets

BILI has been the topic of a number of research analyst reports. Nomura Securities downgraded shares of Bilibili from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 25th. Benchmark increased their price objective on Bilibili from $24.00 to $30.00 and gave the stock a “buy” rating in a research note on Friday, February 21st. Finally, Barclays upped their target price on Bilibili from $24.00 to $25.00 and gave the stock an “overweight” rating in a report on Friday, February 21st. Three investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $21.11.

Bilibili Stock Performance

The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.05 and a current ratio of 1.34. The firm’s 50 day moving average is $19.75 and its 200-day moving average is $19.74. The stock has a market capitalization of $7.96 billion, a price-to-earnings ratio of -42.71 and a beta of 0.93.

Bilibili (NASDAQ:BILI) last posted its quarterly earnings data on Thursday, February 20th. The company reported $0.05 EPS for the quarter, beating analysts’ consensus estimates of $0.03 by $0.02. The business had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.05 billion. Bilibili had a negative return on equity of 8.23% and a negative net margin of 5.01%. Analysts forecast that Bilibili Inc. will post 0.16 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Bilibili

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BILI. Avior Wealth Management LLC boosted its holdings in Bilibili by 1,817.7% in the 4th quarter. Avior Wealth Management LLC now owns 1,515 shares of the company’s stock worth $27,000 after buying an additional 1,436 shares during the last quarter. TD Private Client Wealth LLC purchased a new stake in shares of Bilibili during the third quarter worth approximately $53,000. Federated Hermes Inc. purchased a new stake in shares of Bilibili during the fourth quarter worth approximately $55,000. Blue Trust Inc. lifted its holdings in Bilibili by 147.8% in the 4th quarter. Blue Trust Inc. now owns 3,179 shares of the company’s stock valued at $58,000 after purchasing an additional 1,896 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Bilibili by 26.3% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,528 shares of the company’s stock valued at $82,000 after purchasing an additional 735 shares in the last quarter. 16.08% of the stock is owned by hedge funds and other institutional investors.

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.