Bilibili (NASDAQ:BILI) Sees Large Volume Increase – What’s Next?

Bilibili Inc. (NASDAQ:BILI) saw an uptick in trading volume on Thursday . 4,680,653 shares traded hands during trading, a decline of 35% from the previous session’s volume of 7,164,872 shares.The stock last traded at $18.51 and had previously closed at $21.27.

Analyst Ratings Changes

A number of research firms recently issued reports on BILI. Barclays raised shares of Bilibili from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $14.00 to $19.00 in a research note on Friday, August 23rd. The Goldman Sachs Group upgraded shares of Bilibili from a “neutral” rating to a “buy” rating and lifted their target price for the company from $16.50 to $22.60 in a research report on Thursday, September 26th. Benchmark upped their price target on shares of Bilibili from $16.00 to $24.00 and gave the stock a “buy” rating in a research report on Friday. Nomura Securities upgraded Bilibili from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 22nd. Finally, Nomura upgraded shares of Bilibili from a “neutral” rating to a “buy” rating and set a $18.00 target price for the company in a research report on Thursday, August 22nd. Three 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 stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $19.24.

Bilibili Stock Performance

The stock has a market cap of $7.58 billion, a PE ratio of -13.66 and a beta of 0.86. The company’s 50-day moving average price is $20.57 and its 200 day moving average price is $16.95.

Bilibili (NASDAQ:BILI) last announced its quarterly earnings results on Thursday, August 22nd. The company reported ($0.65) EPS for the quarter, missing the consensus estimate of ($0.10) by ($0.55). Bilibili had a negative net margin of 16.71% and a negative return on equity of 22.44%. The business had revenue of $6.13 billion during the quarter, compared to analyst estimates of $6.10 billion. During the same period last year, the company earned ($0.43) EPS. The business’s revenue for the quarter was up 15.5% on a year-over-year basis. As a group, equities research analysts predict that Bilibili Inc. will post -0.32 earnings per share for the current fiscal year.

Institutional Trading of Bilibili

Institutional investors and hedge funds have recently bought and sold shares of the business. Blue Trust Inc. grew its holdings in shares of Bilibili by 227.3% in the third quarter. Blue Trust Inc. now owns 1,283 shares of the company’s stock valued at $30,000 after purchasing an additional 891 shares in the last quarter. CWM LLC grew its stake in shares of Bilibili by 61.9% in the second quarter. CWM LLC now owns 2,232 shares of the company’s stock worth $34,000 after acquiring an additional 853 shares in the last quarter. Venturi Wealth Management LLC acquired a new position in shares of Bilibili in the third quarter worth $63,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position 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 acquiring an additional 735 shares during the period. Finally, Sandia Investment Management LP purchased a new position in Bilibili in the first quarter valued at $112,000. 16.08% of the stock is currently owned by hedge funds and other institutional investors.

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.