Bilibili (NASDAQ:BILI) Trading Up 2.4%

Bilibili Inc. (NASDAQ:BILI) shot up 2.4% on Monday . The company traded as high as $15.94 and last traded at $15.87. 2,884,653 shares changed hands during trading, a decline of 58% from the average session volume of 6,897,700 shares. The stock had previously closed at $15.50.

Wall Street Analysts Forecast Growth

BILI has been the subject of a number of research reports. Mizuho increased their price target on Bilibili from $15.00 to $17.00 and gave the company a “buy” rating in a research note on Friday, May 10th. Benchmark increased their target price on Bilibili from $15.00 to $16.00 and gave the company a “buy” rating in a research report on Friday, May 24th. JPMorgan Chase & Co. upgraded Bilibili from a “neutral” rating to an “overweight” rating and set a $21.00 price target on the stock in a report on Tuesday, June 18th. UBS Group upgraded shares of Bilibili from a “neutral” rating to a “buy” rating and raised their price objective for the company from $11.90 to $18.00 in a report on Friday, May 31st. Finally, Barclays raised shares of Bilibili from an “underweight” rating to an “equal weight” rating and boosted their target price for the stock from $10.00 to $14.00 in a report on Friday, May 24th. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $17.01.

Bilibili Trading Down 4.5 %

The business’s 50-day simple moving average is $15.61 and its two-hundred day simple moving average is $13.06. The firm has a market cap of $6.18 billion, a price-to-earnings ratio of -8.96 and a beta of 0.85.

Bilibili (NASDAQ:BILI) last posted its quarterly earnings data on Thursday, May 23rd. The company reported ($0.24) earnings per share for the quarter, topping the consensus estimate of ($0.26) by $0.02. Bilibili had a negative net margin of 21.41% and a negative return on equity of 26.46%. The company had revenue of $791.16 million during the quarter, compared to analysts’ expectations of $775.06 million. On average, analysts forecast that Bilibili Inc. will post -0.46 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Bilibili

Several large investors have recently added to or reduced their stakes in the business. CWM LLC increased its stake in Bilibili by 61.9% in the second quarter. CWM LLC now owns 2,232 shares of the company’s stock valued at $34,000 after purchasing an additional 853 shares in the last quarter. Parallel Advisors LLC increased its position in Bilibili by 62.6% in the 4th quarter. Parallel Advisors LLC now owns 4,503 shares of the company’s stock valued at $55,000 after buying an additional 1,734 shares in the last quarter. Mizuho Securities Co. Ltd. acquired a new position in Bilibili during the 4th quarter worth approximately $55,000. Daiwa Securities Group Inc. boosted its holdings in Bilibili by 29.1% in the fourth quarter. Daiwa Securities Group Inc. now owns 6,970 shares of the company’s stock worth $85,000 after acquiring an additional 1,569 shares in the last quarter. Finally, Headlands Technologies LLC bought a new position in Bilibili in the fourth quarter worth approximately $100,000. Institutional investors and hedge funds own 16.08% of the company’s stock.

Bilibili Company Profile

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.