Bilibili (NASDAQ:BILI) Shares Gap Up – Here’s What Happened

Bilibili Inc. (NASDAQ:BILI)’s share price gapped up before the market opened on Thursday . The stock had previously closed at $19.44, but opened at $19.93. Bilibili shares last traded at $20.29, with a volume of 1,188,154 shares traded.

Analyst Ratings Changes

BILI has been the subject of several recent analyst reports. Barclays upped their price objective on Bilibili from $24.00 to $25.00 and gave the stock an “overweight” rating in a research report on Friday, February 21st. Benchmark increased their target price on shares of Bilibili from $24.00 to $30.00 and gave the stock a “buy” rating in a report on Friday, February 21st. Finally, Nomura Securities downgraded shares of Bilibili from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 25th. Three analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $21.11.

Bilibili Stock Performance

The firm has a market capitalization of $8.43 billion, a P/E ratio of -45.21 and a beta of 0.93. The company has a 50-day moving average of $19.65 and a 200-day moving average of $19.71. The company has a current ratio of 1.34, a quick ratio of 1.05 and a debt-to-equity ratio of 0.23.

Bilibili (NASDAQ:BILI) last announced its earnings results on Thursday, February 20th. The company reported $0.05 EPS for the quarter, beating the consensus estimate of $0.03 by $0.02. Bilibili had a negative return on equity of 8.23% and a negative net margin of 5.01%. The business had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.05 billion. On average, equities analysts anticipate that Bilibili Inc. will post 0.16 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Bilibili

Hedge funds and other institutional investors have recently bought and sold shares of the company. Natixis Advisors LLC bought a new position in shares of Bilibili in the 3rd quarter worth about $272,000. DRW Securities LLC acquired a new stake in Bilibili during the third quarter worth approximately $312,000. Quantbot Technologies LP bought a new stake in Bilibili in the third quarter worth approximately $921,000. BNP Paribas Financial Markets lifted its stake in Bilibili by 422.0% in the third quarter. BNP Paribas Financial Markets now owns 2,256,058 shares of the company’s stock valued at $52,747,000 after buying an additional 1,823,829 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Bilibili by 26.3% in 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 valued at $82,000 after buying an additional 735 shares during the period. 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.