Bilibili (NASDAQ:BILI) Trading Up 6.4% – What’s Next?

Shares of Bilibili Inc. (NASDAQ:BILI) traded up 6.4% on Friday . The stock traded as high as $23.37 and last traded at $23.70. 730,096 shares changed hands during mid-day trading, a decline of 90% from the average session volume of 7,043,789 shares. The stock had previously closed at $22.28.

Analyst Ratings Changes

BILI has been the subject of several research analyst reports. Benchmark upped their price target on shares of Bilibili from $24.00 to $30.00 and gave the company a “buy” rating in a research report on Friday, February 21st. Daiwa Capital Markets raised Bilibili from a “neutral” rating to a “buy” rating in a research report on Friday, November 8th. Nomura Securities lowered shares of Bilibili from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 25th. Daiwa America raised shares of Bilibili from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 8th. Finally, Mizuho boosted their price objective on Bilibili from $17.00 to $21.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 12th. Four analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Bilibili currently has an average rating of “Moderate Buy” and an average target price of $20.33.

Bilibili Trading Up 5.7 %

The company has a debt-to-equity ratio of 0.23, a current ratio of 1.34 and a quick ratio of 1.05. The business’s 50 day simple moving average is $18.55 and its 200 day simple moving average is $19.01. The stock has a market cap of $9.76 billion, a P/E ratio of -52.31 and a beta of 0.93.

Bilibili (NASDAQ:BILI) last released its quarterly earnings results on Thursday, February 20th. The company reported $0.05 earnings per share for the quarter, beating analysts’ consensus estimates of $0.03 by $0.02. The firm 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%. On average, analysts expect that Bilibili Inc. will post 0.16 earnings per share for the current fiscal year.

Institutional Trading of Bilibili

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BILI. Y Intercept Hong Kong Ltd grew its holdings in Bilibili by 1,064.9% during the 3rd quarter. Y Intercept Hong Kong Ltd now owns 190,275 shares of the company’s stock worth $4,449,000 after acquiring an additional 173,941 shares during the period. Connor Clark & Lunn Investment Management Ltd. raised its position in shares of Bilibili by 31.6% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,294,180 shares of the company’s stock valued at $30,258,000 after acquiring an additional 311,073 shares during the period. US Bancorp DE grew its stake 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 acquiring an additional 63,772 shares during the period. Jennison Associates LLC lifted its stake in Bilibili by 208.4% in the 3rd quarter. Jennison Associates LLC now owns 1,807,524 shares of the company’s stock valued at $42,260,000 after acquiring an additional 1,221,433 shares in the last quarter. Finally, Quantbot Technologies LP acquired a new position in Bilibili during the third quarter valued at approximately $921,000. 16.08% of the stock is currently 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.