Bilibili (NASDAQ:BILI) Shares Gap Up – Time to Buy?

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.

Analyst Ratings Changes

Several equities research analysts recently issued reports on BILI shares. Barclays raised their target price on shares of Bilibili from $24.00 to $25.00 and gave the company an “overweight” rating in a research note on Friday, February 21st. Benchmark lifted their target price on Bilibili from $24.00 to $30.00 and gave the stock a “buy” rating in a research note on Friday, February 21st. Finally, Nomura Securities cut Bilibili from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 25th. Three equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Bilibili presently has an average rating of “Moderate Buy” and a consensus target price of $21.11.

Bilibili Price Performance

The firm has a market capitalization of $8.43 billion, a price-to-earnings ratio of -45.21 and a beta of 0.93. The company’s 50 day moving average is $19.65 and its 200 day moving average is $19.71. The company has a quick ratio of 1.05, a current ratio of 1.34 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, topping the consensus estimate of $0.03 by $0.02. The company had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.05 billion. Bilibili had a negative net margin of 5.01% and a negative return on equity of 8.23%. On average, equities research analysts anticipate that Bilibili Inc. will post 0.16 earnings per share for the current fiscal year.

Institutional Trading of Bilibili

Large investors have recently modified their holdings of the stock. Avior Wealth Management LLC lifted its position in Bilibili by 1,817.7% during the fourth quarter. Avior Wealth Management LLC now owns 1,515 shares of the company’s stock worth $27,000 after purchasing an additional 1,436 shares during the period. TD Private Client Wealth LLC acquired a new position in shares of Bilibili in the 3rd quarter valued at approximately $53,000. Federated Hermes Inc. bought a new stake in shares of Bilibili during the 4th quarter worth approximately $55,000. Blue Trust Inc. lifted its holdings in shares of Bilibili by 147.8% during the 4th quarter. Blue Trust Inc. now owns 3,179 shares of the company’s stock worth $58,000 after acquiring an additional 1,896 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Bilibili by 26.3% during the 3rd 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 in the last quarter. 16.08% of the stock is 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.