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

Bilibili Inc. Sponsored ADR (NASDAQ:BILI) shares gapped up before the market opened on Monday . The stock had previously closed at $20.88, but opened at $22.14. Bilibili shares last traded at $22.34, with a volume of 971,741 shares traded.

Wall Street Analyst Weigh In

BILI has been the topic of a number of recent analyst reports. Wall Street Zen raised shares of Bilibili from a “hold” rating to a “buy” rating in a research report on Saturday, May 24th. HSBC raised shares of Bilibili from a “hold” rating to a “buy” rating and lifted their price target for the stock from $21.50 to $22.50 in a research report on Wednesday, May 21st. Hsbc Global Res raised shares of Bilibili to a “strong-buy” rating in a research report on Wednesday, May 21st. Finally, Sanford C. Bernstein initiated coverage on shares of Bilibili in a research report on Tuesday. They set an “outperform” rating and a $28.00 price target on the stock. Two investment analysts have rated the stock with a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, Bilibili has an average rating of “Buy” and an average price target of $23.29.

Bilibili Stock Performance

The firm has a market cap of $9.43 billion, a price-to-earnings ratio of -112.84 and a beta of 0.91. The stock’s 50 day moving average is $19.40 and its 200 day moving average is $18.86. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.23.

Institutional Trading of Bilibili

A number of institutional investors have recently bought and sold shares of the business. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Bilibili by 8.5% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 9,261 shares of the company’s stock valued at $178,000 after purchasing an additional 722 shares during the period. Laird Norton Wetherby Wealth Management LLC lifted its holdings in shares of Bilibili by 3.3% during the 4th quarter. Laird Norton Wetherby Wealth Management LLC now owns 23,109 shares of the company’s stock worth $419,000 after acquiring an additional 749 shares during the period. Advisors Asset Management Inc. lifted its holdings in shares of Bilibili by 16.6% during the 1st quarter. Advisors Asset Management Inc. now owns 5,280 shares of the company’s stock worth $101,000 after acquiring an additional 751 shares during the period. Royal Bank of Canada lifted its holdings in shares of Bilibili by 1.2% during the 1st quarter. Royal Bank of Canada now owns 87,505 shares of the company’s stock worth $1,672,000 after acquiring an additional 1,014 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in shares of Bilibili by 1.0% during the 4th quarter. Geode Capital Management LLC now owns 110,560 shares of the company’s stock worth $2,002,000 after acquiring an additional 1,140 shares during the period. Institutional investors own 16.08% of the company’s stock.

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.