Bilibili (NASDAQ:BILI) Shares Gap Up – What’s Next?

Bilibili Inc. (NASDAQ:BILI)’s share price gapped up before the market opened on Wednesday . The stock had previously closed at $18.07, but opened at $18.90. Bilibili shares last traded at $18.90, with a volume of 221,324 shares.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Sanford C. Bernstein upped their price target on shares of Bilibili from $12.00 to $13.00 and gave the company a “market perform” rating in a report on Friday, August 23rd. Nomura upgraded Bilibili from a “neutral” rating to a “buy” rating and set a $18.00 target price on the stock in a research note on Thursday, August 22nd. Barclays lifted their price target on Bilibili from $19.00 to $24.00 and gave the company an “overweight” rating in a research report on Monday, November 18th. Bank of America upped their price objective on Bilibili from $19.00 to $22.50 and gave the stock a “buy” rating in a research report on Friday, October 25th. Finally, Mizuho lifted their target price on shares of Bilibili from $17.00 to $21.00 and gave the company an “outperform” rating in a report on Tuesday, November 12th. Three investment 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, Bilibili currently has a consensus rating of “Moderate Buy” and a consensus price target of $19.69.

Bilibili Stock Up 4.5 %

The stock’s 50 day moving average is $21.12 and its two-hundred day moving average is $17.26.

Bilibili (NASDAQ:BILI) last released its earnings results on Thursday, November 14th. The company reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.47. Bilibili had a negative return on equity of 15.17% and a negative net margin of 10.73%. The business had revenue of $7.31 billion for the quarter, compared to the consensus estimate of $7.14 billion. During the same quarter last year, the business posted ($0.39) earnings per share. The business’s quarterly revenue was up 25.8% compared to the same quarter last year. As a group, equities analysts anticipate that Bilibili Inc. will post -0.34 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Bilibili

Hedge funds have recently modified their holdings of the business. SIH Partners LLLP grew its stake in Bilibili by 145.9% during the 2nd quarter. SIH Partners LLLP now owns 1,195,420 shares of the company’s stock valued at $18,457,000 after acquiring an additional 709,200 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of Bilibili in the second quarter valued at approximately $7,799,000. Swedbank AB acquired a new stake in shares of Bilibili in the first quarter valued at approximately $645,000. Janus Henderson Group PLC purchased a new position in Bilibili during the first quarter worth approximately $3,918,000. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its position in Bilibili by 31.6% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,294,180 shares of the company’s stock worth $30,258,000 after buying an additional 311,073 shares in the last quarter. 16.08% of the stock is currently owned by institutional investors and hedge funds.

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.