Bilibili (NASDAQ:BILI) Shares Gap Up – Should You Buy?

Bilibili Inc. (NASDAQ:BILI) gapped up before the market opened on Tuesday . The stock had previously closed at $16.10, but opened at $16.91. Bilibili shares last traded at $16.80, with a volume of 747,632 shares traded.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on BILI. Daiwa America upgraded Bilibili from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 8th. The Goldman Sachs Group upgraded Bilibili from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $16.50 to $22.60 in a research note on Thursday, September 26th. Bank of America increased their price target on Bilibili from $19.00 to $22.50 and gave the company a “buy” rating in a research note on Friday, October 25th. Barclays increased their price target on Bilibili from $19.00 to $24.00 and gave the company an “overweight” rating in a research note on Monday, November 18th. Finally, Daiwa Capital Markets upgraded Bilibili from a “neutral” rating to a “buy” rating in a research note on Friday, November 8th. Three equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $19.69.

Bilibili Stock Up 3.6 %

The stock has a market capitalization of $6.91 billion, a PE ratio of -18.13 and a beta of 0.81. The firm has a 50 day moving average price of $19.30 and a 200-day moving average price of $18.09.

Bilibili (NASDAQ:BILI) last posted its earnings results on Thursday, November 14th. The company reported $0.57 EPS for the quarter, topping the consensus estimate of $0.10 by $0.47. The firm had revenue of $7.31 billion for the quarter, compared to analyst estimates of $7.14 billion. Bilibili had a negative return on equity of 15.17% and a negative net margin of 10.73%. Bilibili’s revenue for the quarter was up 25.8% compared to the same quarter last year. During the same period last year, the company earned ($0.39) earnings per share. Equities analysts expect that Bilibili Inc. will post -0.34 earnings per share for the current fiscal year.

Institutional Trading of Bilibili

A number of institutional investors have recently made changes to their positions in BILI. SIH Partners LLLP lifted its position in Bilibili by 145.9% during the second quarter. SIH Partners LLLP now owns 1,195,420 shares of the company’s stock worth $18,457,000 after buying an additional 709,200 shares in the last quarter. Y Intercept Hong Kong Ltd lifted its position in Bilibili by 1,064.9% during the third quarter. Y Intercept Hong Kong Ltd now owns 190,275 shares of the company’s stock worth $4,449,000 after buying an additional 173,941 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in Bilibili in the second quarter valued at $7,799,000. Connor Clark & Lunn Investment Management Ltd. raised its position in Bilibili by 31.6% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,294,180 shares of the company’s stock valued at $30,258,000 after purchasing an additional 311,073 shares during the period. Finally, US Bancorp DE raised its position in Bilibili by 882.4% in the third quarter. US Bancorp DE now owns 70,999 shares of the company’s stock valued at $1,660,000 after purchasing an additional 63,772 shares during the period. 16.08% of the stock is owned by institutional investors and hedge funds.

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.