Bilibili (NASDAQ:BILI) Shares Gap Up – Still a Buy?

Bilibili Inc. (NASDAQ:BILI) shares gapped up before the market opened on Friday . The stock had previously closed at $19.82, but opened at $22.00. Bilibili shares last traded at $21.81, with a volume of 7,106,947 shares traded.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Daiwa Capital Markets upgraded shares of Bilibili from a “neutral” rating to a “buy” rating in a report on Friday, November 8th. Barclays upped their price objective on Bilibili from $19.00 to $24.00 and gave the stock an “overweight” rating in a research report on Monday, November 18th. Bank of America lifted their target price on Bilibili from $19.00 to $22.50 and gave the company a “buy” rating in a report on Friday, October 25th. Benchmark upped their price target on Bilibili from $16.00 to $24.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Finally, Daiwa America upgraded Bilibili from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 8th. Three equities research analysts have rated the stock with a hold rating, nine have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $19.69.

Bilibili Stock Performance

The stock has a market capitalization of $9.11 billion, a PE ratio of -23.90 and a beta of 0.81. The stock’s 50-day moving average is $18.19 and its 200 day moving average is $18.39.

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

Hedge Funds Weigh In On Bilibili

A number of hedge funds have recently modified their holdings of the business. Signaturefd LLC raised its position in Bilibili by 6.5% in the 3rd quarter. Signaturefd LLC now owns 9,731 shares of the company’s stock valued at $228,000 after purchasing an additional 598 shares during 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% 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 last quarter. Blue Trust Inc. boosted its stake in shares of Bilibili by 227.3% during the third 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 period. Geode Capital Management LLC grew its holdings in shares of Bilibili by 1.0% during the fourth quarter. Geode Capital Management LLC now owns 110,560 shares of the company’s stock worth $2,002,000 after buying an additional 1,140 shares during the last quarter. Finally, Avior Wealth Management LLC increased its position in 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 acquiring an additional 1,436 shares during the period. 16.08% of the stock is currently owned by hedge funds and other institutional investors.

About Bilibili

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.