Bilibili (NASDAQ:BILI) Stock Price Up 2.4%

Bilibili Inc. (NASDAQ:BILI) traded up 2.4% during trading on Monday . The stock traded as high as $15.94 and last traded at $15.87. 2,884,653 shares changed hands during mid-day trading, a decline of 58% from the average session volume of 6,897,700 shares. The stock had previously closed at $15.50.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. JPMorgan Chase & Co. upgraded shares of Bilibili from a “neutral” rating to an “overweight” rating and set a $21.00 target price for the company in a research report on Tuesday, June 18th. UBS Group upgraded shares of Bilibili from a “neutral” rating to a “buy” rating and upped their price target for the company from $11.90 to $18.00 in a research report on Friday, May 31st. Mizuho increased their target price on shares of Bilibili from $15.00 to $17.00 and gave the stock a “buy” rating in a research report on Friday, May 10th. Barclays upgraded shares of Bilibili from an “underweight” rating to an “equal weight” rating and increased their price target for the stock from $10.00 to $14.00 in a research note on Friday, May 24th. Finally, Benchmark increased their price target on shares of Bilibili from $15.00 to $16.00 and gave the stock a “buy” rating in a research note on Friday, May 24th. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $17.01.

Bilibili Stock Performance

The business’s 50 day moving average is $15.50 and its 200-day moving average is $12.96. The firm has a market capitalization of $6.62 billion, a price-to-earnings ratio of -9.28 and a beta of 0.85.

Bilibili (NASDAQ:BILI) last released its quarterly earnings data on Thursday, May 23rd. The company reported ($0.24) EPS for the quarter, topping analysts’ consensus estimates of ($0.26) by $0.02. The company had revenue of $791.16 million during the quarter, compared to the consensus estimate of $775.06 million. Bilibili had a negative net margin of 21.41% and a negative return on equity of 26.46%. Equities research analysts forecast that Bilibili Inc. will post -0.46 EPS for the current fiscal year.

Institutional Investors Weigh In On Bilibili

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. OLD Mission Capital LLC acquired a new position in Bilibili during the first quarter valued at approximately $14,849,000. XY Capital Ltd bought a new position in Bilibili in the first quarter valued at approximately $6,632,000. SIH Partners LLLP lifted its stake in Bilibili by 761.2% in the first quarter. SIH Partners LLLP now owns 486,220 shares of the company’s stock valued at $5,446,000 after buying an additional 429,760 shares in the last quarter. Janus Henderson Group PLC bought a new position in Bilibili in the first quarter valued at approximately $3,918,000. Finally, LifePro Asset Management bought a new stake in shares of Bilibili in the second quarter worth $3,652,000. Institutional investors and hedge funds own 16.08% of the company’s stock.

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.