Bilibili (NASDAQ:BILI) Shares Gap Up – Should You Buy?

Bilibili Inc. (NASDAQ:BILI) shares gapped up before the market opened on Tuesday . The stock had previously closed at $16.10, but opened at $16.91. Bilibili shares last traded at $16.80, with a volume of 747,632 shares traded.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on BILI. Mizuho raised their target price on shares of Bilibili from $17.00 to $21.00 and gave the stock an “outperform” rating in a report on Tuesday, November 12th. Benchmark raised their target price on Bilibili from $16.00 to $24.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Barclays increased their price target on Bilibili from $19.00 to $24.00 and gave the company an “overweight” rating in a research note on Monday, November 18th. Daiwa Capital Markets raised shares of Bilibili from a “neutral” rating to a “buy” rating in a research note on Friday, November 8th. Finally, Morgan Stanley started coverage on Bilibili in a research note on Wednesday, September 25th. They set an “equal weight” rating and a $20.00 price target on the stock. Three analysts have rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, Bilibili currently has an average rating of “Moderate Buy” and a consensus price target of $19.69.

Bilibili Trading Up 1.8 %

The company has a market cap of $7.10 billion, a P/E ratio of -18.62 and a beta of 0.81. The business’s fifty day moving average is $19.06 and its 200 day moving average is $18.09.

Bilibili (NASDAQ:BILI) last posted its quarterly earnings results on Thursday, November 14th. The company reported $0.57 EPS for the quarter, topping 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 company had revenue of $7.31 billion for the quarter, compared to analysts’ expectations of $7.14 billion. During the same quarter in the previous year, the firm posted ($0.39) EPS. Bilibili’s revenue was up 25.8% on a year-over-year basis. As a group, research analysts expect that Bilibili Inc. will post -0.27 EPS for the current fiscal year.

Hedge Funds Weigh In On Bilibili

Hedge funds and other institutional investors have recently modified their holdings of the company. TD Private Client Wealth LLC purchased a new stake in Bilibili in the third quarter worth about $53,000. Barclays PLC grew its holdings in Bilibili by 13.5% in the third quarter. Barclays PLC now owns 127,563 shares of the company’s stock worth $2,982,000 after purchasing an additional 15,136 shares during the period. Y Intercept Hong Kong Ltd grew its holdings in Bilibili by 1,064.9% in the third quarter. Y Intercept Hong Kong Ltd now owns 190,275 shares of the company’s stock worth $4,449,000 after purchasing an additional 173,941 shares during the period. Main Management ETF Advisors LLC purchased a new stake in shares of Bilibili during the third quarter valued at approximately $1,361,000. Finally, Two Sigma Advisers LP grew its holdings in shares of Bilibili by 14,710.1% during the third quarter. Two Sigma Advisers LP now owns 1,762,400 shares of the company’s stock valued at $41,205,000 after buying an additional 1,750,500 shares during the last quarter. 16.08% of the stock is 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.