Bilibili (NASDAQ:BILI) Trading Up 4.9%

Bilibili Inc. (NASDAQ:BILI) was up 4.9% during trading on Friday . The company traded as high as $22.33 and last traded at $22.13. Approximately 3,471,147 shares traded hands during mid-day trading, a decline of 49% from the average daily volume of 6,751,121 shares. The stock had previously closed at $21.09.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. 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 report on Thursday, August 22nd. Bank of America increased their price objective on Bilibili from $18.00 to $19.00 and gave the company a “buy” rating in a research report on Tuesday, September 3rd. The Goldman Sachs Group upgraded Bilibili from a “neutral” rating to a “buy” rating and increased their price target for the company from $16.50 to $22.60 in a research report on Thursday. UBS Group raised Bilibili from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $11.90 to $18.00 in a research note on Friday, May 31st. Finally, Nomura Securities raised shares of Bilibili from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 22nd. 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 stock. Based on data from MarketBeat, Bilibili has an average rating of “Moderate Buy” and an average target price of $17.83.

Bilibili Price Performance

The stock has a market cap of $9.35 billion, a PE ratio of -13.34 and a beta of 0.83. The business has a 50 day simple moving average of $15.00 and a 200 day simple moving average of $14.30.

Bilibili (NASDAQ:BILI) last issued its quarterly earnings data on Thursday, August 22nd. The company reported ($0.65) earnings per share 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 for the quarter, compared to the consensus estimate of $6.10 billion. During the same period in the previous year, the business posted ($0.43) EPS. Bilibili’s revenue was up 15.5% compared to the same quarter last year. As a group, sell-side analysts forecast that Bilibili Inc. will post -0.4 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. BNP Paribas Financial Markets increased its position in Bilibili by 62.6% during the first quarter. BNP Paribas Financial Markets now owns 310,999 shares of the company’s stock worth $3,483,000 after acquiring an additional 119,747 shares during the period. Natixis acquired a new position in Bilibili in the first quarter valued at about $537,000. Janney Montgomery Scott LLC acquired a new position in Bilibili in the first quarter valued at about $951,000. GSA Capital Partners LLP bought a new stake in Bilibili during the first quarter worth about $460,000. Finally, Swedbank AB acquired a new stake in shares of Bilibili during the first quarter worth approximately $645,000. Institutional investors and hedge funds own 16.08% of the company’s stock.

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.