Bilibili (NASDAQ:BILI) Trading Up 5.3% – Here’s Why

Shares of Bilibili Inc. (NASDAQ:BILI) shot up 5.3% during trading on Wednesday . The company traded as high as $18.67 and last traded at $18.54. 3,124,689 shares changed hands during trading, a decline of 38% from the average session volume of 5,015,498 shares. The stock had previously closed at $17.61.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on BILI shares. Barclays raised their price objective on Bilibili from $19.00 to $24.00 and gave the stock an “overweight” rating in a report on Monday, November 18th. Mizuho raised their price target on shares of Bilibili from $17.00 to $21.00 and gave the company an “outperform” rating in a report on Tuesday, November 12th. Benchmark increased their price objective on shares of Bilibili from $16.00 to $24.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Bank of America raised their target price on shares of Bilibili from $19.00 to $22.50 and gave the company a “buy” rating in a research note on Friday, October 25th. Finally, Daiwa America upgraded Bilibili from a “hold” rating to a “strong-buy” rating in a report on Friday, November 8th. Three investment analysts have rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, Bilibili presently has an average rating of “Moderate Buy” and an average price target of $19.69.

Bilibili Stock Performance

The company has a 50 day moving average price of $18.16 and a 200 day moving average price of $18.28. The company has a market capitalization of $7.77 billion, a PE ratio of -20.33 and a beta of 0.81.

Bilibili (NASDAQ:BILI) last announced its quarterly earnings data on Thursday, November 14th. The company reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.47. The company had revenue of $7.31 billion during the quarter, compared to analyst estimates 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 revenue for the quarter was up 25.8% compared to the same quarter last year. During the same period last year, the business earned ($0.39) EPS. On average, equities analysts forecast that Bilibili Inc. will post -0.39 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of BILI. Signaturefd LLC raised its position in shares of Bilibili by 6.5% during the 3rd quarter. Signaturefd LLC now owns 9,731 shares of the company’s stock valued at $228,000 after acquiring an additional 598 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Bilibili by 26.3% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,528 shares of the company’s stock worth $82,000 after purchasing an additional 735 shares during the period. Blue Trust Inc. lifted its position in shares of Bilibili by 227.3% in the 3rd quarter. Blue Trust Inc. now owns 1,283 shares of the company’s stock worth $30,000 after buying an additional 891 shares during the last quarter. Avior Wealth Management LLC boosted its holdings in shares of Bilibili by 1,817.7% in the 4th quarter. Avior Wealth Management LLC now owns 1,515 shares of the company’s stock valued at $27,000 after buying an additional 1,436 shares during the period. Finally, Creative Planning grew its position in shares of Bilibili by 6.7% during the 2nd quarter. Creative Planning now owns 25,819 shares of the company’s stock valued at $399,000 after buying an additional 1,632 shares during the last quarter. Institutional investors 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.