Bilibili (NASDAQ:BILI) Shares Gap Up – Still a Buy?

Bilibili Inc. (NASDAQ:BILI) gapped up prior to trading on Friday . The stock had previously closed at $19.82, but opened at $22.00. Bilibili shares last traded at $21.81, with a volume of 7,106,947 shares traded.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Mizuho boosted their price objective on shares of Bilibili from $17.00 to $21.00 and gave the stock an “outperform” rating in a report on Tuesday, November 12th. Barclays lifted their target price on shares of Bilibili from $19.00 to $24.00 and gave the stock an “overweight” rating in a research report on Monday, November 18th. Daiwa America raised shares of Bilibili from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 8th. Bank of America boosted their price objective on shares of Bilibili from $19.00 to $22.50 and gave the company a “buy” rating in a research report on Friday, October 25th. Finally, Benchmark boosted their price objective on shares of Bilibili from $16.00 to $24.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Three equities 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. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $19.69.

Bilibili Stock Performance

The firm has a market capitalization of $9.09 billion, a P/E ratio of -23.76 and a beta of 0.81. The stock’s 50 day simple moving average is $18.12 and its 200 day simple moving average is $18.31.

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

Hedge Funds Weigh In On Bilibili

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Signaturefd LLC boosted its stake in shares of Bilibili by 6.5% during 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 boosted its stake 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 valued at $82,000 after purchasing an additional 735 shares in the last quarter. Blue Trust Inc. boosted its stake in shares of Bilibili by 227.3% during 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. Geode Capital Management LLC boosted its stake in shares of Bilibili by 1.0% during the fourth quarter. Geode Capital Management LLC now owns 110,560 shares of the company’s stock valued at $2,002,000 after purchasing an additional 1,140 shares in the last quarter. Finally, Avior Wealth Management LLC boosted its stake in shares of Bilibili by 1,817.7% during the fourth quarter. Avior Wealth Management LLC now owns 1,515 shares of the company’s stock valued at $27,000 after purchasing an additional 1,436 shares in the last quarter. 16.08% of the stock is currently owned by institutional investors.

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.