Bilibili (NASDAQ:BILI) Shares Up 5.3% – Time to Buy?

Bilibili Inc. (NASDAQ:BILI)’s stock price traded up 5.3% during mid-day trading on Wednesday . The stock traded as high as $18.67 and last traded at $18.54. 3,124,689 shares changed hands during mid-day trading, a decline of 38% from the average session volume of 5,015,498 shares. The stock had previously closed at $17.61.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Mizuho upped their price objective on shares of Bilibili from $17.00 to $21.00 and gave the company an “outperform” rating in a report on Tuesday, November 12th. Daiwa America raised shares of Bilibili from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 8th. Daiwa Capital Markets upgraded Bilibili from a “neutral” rating to a “buy” rating in a research report on Friday, November 8th. Barclays lifted their target price on Bilibili from $19.00 to $24.00 and gave the company an “overweight” rating in a research report on Monday, November 18th. Finally, Benchmark lifted their price objective on Bilibili from $16.00 to $24.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Three research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, Bilibili has an average rating of “Moderate Buy” and an average target price of $19.69.

Bilibili Stock Up 6.5 %

The firm has a market capitalization of $7.77 billion, a PE ratio of -20.33 and a beta of 0.81. The business’s fifty day moving average price is $18.16 and its 200 day moving average price is $18.28.

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

Hedge Funds Weigh In On Bilibili

Institutional investors and hedge funds have recently made changes to their positions in the stock. Signaturefd LLC lifted its holdings in shares of Bilibili by 6.5% in the third quarter. Signaturefd LLC now owns 9,731 shares of the company’s stock valued at $228,000 after purchasing an additional 598 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Bilibili by 26.3% in 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 valued at $82,000 after buying an additional 735 shares in the last quarter. Blue Trust Inc. grew its holdings in Bilibili by 227.3% during the 3rd quarter. Blue Trust Inc. now owns 1,283 shares of the company’s stock valued at $30,000 after buying an additional 891 shares during the last quarter. Avior Wealth Management LLC raised its holdings in shares of Bilibili by 1,817.7% in the fourth quarter. Avior Wealth Management LLC now owns 1,515 shares of the company’s stock worth $27,000 after acquiring an additional 1,436 shares during the last quarter. Finally, Creative Planning lifted its position in shares of Bilibili by 6.7% in the second quarter. Creative Planning now owns 25,819 shares of the company’s stock valued at $399,000 after acquiring an additional 1,632 shares in the last quarter. 16.08% of the stock is owned by institutional investors and hedge funds.

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.