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

Shares of Bilibili Inc. (NASDAQ:BILI) gapped up before the market opened on Tuesday . The stock had previously closed at $16.72, but opened at $17.71. Bilibili shares last traded at $17.89, with a volume of 1,362,689 shares traded.

Wall Street Analysts Forecast Growth

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

Bilibili Trading Down 0.8 %

The business has a 50-day moving average of $18.22 and a two-hundred day moving average of $18.19.

Bilibili (NASDAQ:BILI) last released its quarterly earnings results on Thursday, November 14th. The company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $7.14 billion. During the same quarter last year, the firm earned ($0.39) earnings per share. The company’s revenue for the quarter was up 25.8% on a year-over-year basis. On average, analysts forecast that Bilibili Inc. will post -0.39 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Avior Wealth Management LLC raised its position 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 worth $27,000 after acquiring an additional 1,436 shares during the last quarter. Blue Trust Inc. increased its position 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 purchasing an additional 891 shares during the period. TD Private Client Wealth LLC bought a new position in Bilibili during the 3rd quarter worth approximately $53,000. Venturi Wealth Management LLC acquired a new position in shares of Bilibili in the 3rd quarter worth approximately $63,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position 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 worth $82,000 after buying an additional 735 shares during the period. 16.08% of the stock is 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.