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

Bilibili Inc. (NASDAQ:BILI)’s share price gapped up before the market opened on Tuesday . The stock had previously closed at $21.81, but opened at $23.01. Bilibili shares last traded at $22.77, with a volume of 1,078,267 shares.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on BILI shares. Mizuho raised their target price on shares of Bilibili from $17.00 to $21.00 and gave the company an “outperform” rating in a research note on Tuesday, November 12th. Nomura Securities downgraded shares of Bilibili from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 25th. Barclays boosted their price target on Bilibili from $24.00 to $25.00 and gave the stock an “overweight” rating in a research report on Friday, February 21st. Finally, Benchmark lifted their price objective on shares of Bilibili from $24.00 to $30.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. Four investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $20.33.

Bilibili Stock Up 4.9 %

The company has a market capitalization of $9.48 billion, a price-to-earnings ratio of -50.72 and a beta of 0.93. 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 firm’s fifty day moving average price is $18.72 and its 200-day moving average price is $19.21.

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

Hedge Funds Weigh In On Bilibili

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. BNP Paribas Financial Markets lifted its holdings in Bilibili by 422.0% during the 3rd quarter. BNP Paribas Financial Markets now owns 2,256,058 shares of the company’s stock worth $52,747,000 after buying an additional 1,823,829 shares during the period. Two Sigma Advisers LP lifted its stake in shares of Bilibili by 14,710.1% in the third quarter. Two Sigma Advisers LP now owns 1,762,400 shares of the company’s stock worth $41,205,000 after acquiring an additional 1,750,500 shares during the period. Jennison Associates LLC boosted its holdings in Bilibili by 208.4% in the third 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 during the last quarter. Jump Financial LLC acquired a new stake in Bilibili during the 4th quarter valued at approximately $11,584,000. Finally, Arrowstreet Capital Limited Partnership raised its holdings in Bilibili by 3,328.1% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 608,514 shares of the company’s stock worth $11,020,000 after purchasing an additional 590,763 shares during the last quarter. 16.08% of the stock is currently owned by institutional investors and hedge funds.

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.