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

Shares of Bilibili Inc. Sponsored ADR (NASDAQ:BILI) gapped up prior to trading on Monday . The stock had previously closed at $24.70, but opened at $26.07. Bilibili shares last traded at $26.4340, with a volume of 835,538 shares trading hands.

Analysts Set New Price Targets

BILI has been the subject of several research reports. JPMorgan Chase & Co. raised their price target on Bilibili from $24.00 to $27.00 and gave the company a “neutral” rating in a report on Tuesday, November 18th. Wall Street Zen raised shares of Bilibili from a “hold” rating to a “buy” rating in a report on Sunday, November 16th. Macquarie assumed coverage on Bilibili in a report on Tuesday, October 14th. They set an “outperform” rating and a $36.03 price objective for the company. Jefferies Financial Group set a $28.00 price target on Bilibili in a research note on Thursday, August 21st. Finally, Sanford C. Bernstein upped their price target on shares of Bilibili from $28.00 to $32.00 and gave the company an “outperform” rating in a research note on Thursday, October 23rd. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, Bilibili presently has an average rating of “Moderate Buy” and a consensus price target of $29.17.

Bilibili Stock Performance

The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 0.54. The company has a 50-day moving average of $27.76 and a 200-day moving average of $23.77. The firm has a market capitalization of $10.99 billion, a P/E ratio of 105.30 and a beta of 0.97.

Institutional Trading of Bilibili

Several large investors have recently made changes to their positions in BILI. Ballentine Partners LLC acquired a new stake in Bilibili in the second quarter valued at approximately $214,000. Y Intercept Hong Kong Ltd acquired a new stake in Bilibili in the 2nd quarter valued at $4,111,000. Hsbc Holdings PLC increased its stake in Bilibili by 48.8% during the 1st quarter. Hsbc Holdings PLC now owns 27,855 shares of the company’s stock valued at $531,000 after purchasing an additional 9,134 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Bilibili by 7.7% in the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 9,970 shares of the company’s stock valued at $214,000 after buying an additional 709 shares in the last quarter. Finally, Mizuho Securities Co. Ltd. acquired a new position in shares of Bilibili during the second quarter valued at about $260,000. 16.08% of the stock is currently 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.