Bilibili (NASDAQ:BILI) Shares Gap Up – Still a Buy?

Bilibili Inc. (NASDAQ:BILI)’s stock price gapped up prior to trading on Tuesday . The stock had previously closed at $19.21, but opened at $19.74. Bilibili shares last traded at $19.84, with a volume of 431,955 shares changing hands.

Analyst Upgrades and Downgrades

BILI has been the subject of several research analyst reports. Nomura raised Bilibili from a “neutral” rating to a “buy” rating and set a $18.00 price objective for the company in a report on Thursday, August 22nd. Mizuho lifted their target price on shares of Bilibili from $17.00 to $21.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 12th. The Goldman Sachs Group raised shares of Bilibili from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $16.50 to $22.60 in a research note on Thursday, September 26th. Sanford C. Bernstein upped their price objective on shares of Bilibili from $12.00 to $13.00 and gave the company a “market perform” rating in a research note on Friday, August 23rd. Finally, Barclays increased their target price on shares of Bilibili from $19.00 to $24.00 and gave the stock an “overweight” rating in a research report on Monday, November 18th. Three analysts have rated the stock with a hold rating, nine have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $19.69.

Bilibili Stock Down 3.6 %

The firm has a market cap of $8.03 billion, a price-to-earnings ratio of -21.05 and a beta of 0.80. The company’s fifty day moving average is $20.45 and its 200 day moving average is $17.77.

Bilibili (NASDAQ:BILI) last released its quarterly earnings results on Thursday, November 14th. The company reported $0.57 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.47. The company had revenue of $7.31 billion during the quarter, compared to the consensus estimate of $7.14 billion. Bilibili had a negative net margin of 10.73% and a negative return on equity of 15.17%. The firm’s quarterly revenue was up 25.8% on a year-over-year basis. During the same period in the previous year, the business earned ($0.39) earnings per share. On average, equities research analysts forecast that Bilibili Inc. will post -0.34 EPS for the current fiscal year.

Institutional Trading of Bilibili

Large investors have recently bought and sold shares of the business. Blue Trust Inc. grew its stake in Bilibili by 227.3% in the third quarter. Blue Trust Inc. now owns 1,283 shares of the company’s stock valued at $30,000 after acquiring an additional 891 shares during the period. CWM LLC boosted its holdings in shares of Bilibili by 61.9% in the 2nd quarter. CWM LLC now owns 2,232 shares of the company’s stock worth $34,000 after buying an additional 853 shares during the last quarter. TD Private Client Wealth LLC bought a new stake in shares of Bilibili during the 3rd quarter valued at $53,000. Venturi Wealth Management LLC bought a new position in shares of Bilibili in the third quarter worth $63,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Bilibili by 26.3% during 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 acquiring an additional 735 shares during the last quarter. 16.08% of the stock is currently owned by institutional investors and hedge funds.

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.