Bilibili (NASDAQ:BILI) Shares Gap Up to $12.73

Shares of Bilibili Inc. (NASDAQ:BILI) gapped up before the market opened on Thursday . The stock had previously closed at $12.73, but opened at $13.73. Bilibili shares last traded at $14.09, with a volume of 3,823,577 shares trading hands.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Mizuho decreased their price objective on shares of Bilibili from $18.00 to $16.00 and set a “buy” rating for the company in a report on Wednesday, January 17th. JPMorgan Chase & Co. raised Bilibili from an “underweight” rating to a “neutral” rating and raised their price target for the company from $10.00 to $11.00 in a research report on Monday, March 11th. Daiwa Capital Markets cut Bilibili from a “buy” rating to a “neutral” rating in a research report on Friday, January 19th. Finally, Citigroup lowered Bilibili from a “buy” rating to a “neutral” rating and lowered their target price for the company from $18.00 to $12.50 in a report on Monday, March 11th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $15.26.

Bilibili Price Performance

The firm has a 50 day moving average of $11.53 and a 200-day moving average of $11.67. The stock has a market capitalization of $6.11 billion, a P/E ratio of -9.04 and a beta of 0.96.

Bilibili (NASDAQ:BILI) last released its quarterly earnings data on Thursday, March 7th. The company reported ($0.28) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.25) by ($0.03). The firm had revenue of $881.13 million for the quarter, compared to the consensus estimate of $891.61 million. Bilibili had a negative net margin of 21.34% and a negative return on equity of 28.12%. As a group, equities analysts expect that Bilibili Inc. will post -0.55 earnings per share for the current year.

Hedge Funds Weigh In On Bilibili

Hedge funds and other institutional investors have recently made changes to their positions in the business. Mizuho Securities Co. Ltd. bought a new stake in Bilibili in the fourth quarter valued at about $55,000. Parallel Advisors LLC grew its stake in shares of Bilibili by 62.6% in the 4th quarter. Parallel Advisors LLC now owns 4,503 shares of the company’s stock valued at $55,000 after purchasing an additional 1,734 shares during the period. Tower Research Capital LLC TRC raised its holdings in shares of Bilibili by 349.0% in the 4th quarter. Tower Research Capital LLC TRC now owns 6,703 shares of the company’s stock worth $82,000 after buying an additional 5,210 shares in the last quarter. Daiwa Securities Group Inc. lifted its position in shares of Bilibili by 29.1% during the 4th quarter. Daiwa Securities Group Inc. now owns 6,970 shares of the company’s stock worth $85,000 after buying an additional 1,569 shares during the period. Finally, Headlands Technologies LLC acquired a new stake in Bilibili in the 4th quarter valued at $100,000. 16.08% of the stock is owned by institutional investors.

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.