Bilibili (NASDAQ:BILI) Shares Gap Up – Here’s What Happened

Bilibili Inc. (NASDAQ:BILI)’s share price gapped up before the market opened on Thursday . The stock had previously closed at $19.44, but opened at $19.93. Bilibili shares last traded at $20.29, with a volume of 1,188,154 shares.

Analyst Ratings Changes

Several research firms have recently commented on BILI. Nomura Securities lowered Bilibili from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 25th. Benchmark increased their price target on Bilibili from $24.00 to $30.00 and gave the stock a “buy” rating in a report on Friday, February 21st. Finally, Barclays boosted their price objective on shares of Bilibili from $24.00 to $25.00 and gave the company an “overweight” rating in a report on Friday, February 21st. Three investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $21.11.

Bilibili Stock Performance

The firm has a fifty day simple moving average of $19.75 and a 200-day simple moving average of $19.74. The company has a quick ratio of 1.05, a current ratio of 1.34 and a debt-to-equity ratio of 0.23. The company has a market cap of $7.96 billion, a PE ratio of -42.71 and a beta of 0.93.

Bilibili (NASDAQ:BILI) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.05 earnings per share for the quarter, beating analysts’ consensus estimates of $0.03 by $0.02. The company had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.05 billion. Bilibili had a negative return on equity of 8.23% and a negative net margin of 5.01%. On average, research analysts forecast that Bilibili Inc. will post 0.16 EPS for the current fiscal year.

Hedge Funds Weigh In On Bilibili

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Y Intercept Hong Kong Ltd increased its stake in shares of Bilibili by 1,064.9% during the 3rd 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 in the last quarter. Quantbot Technologies LP purchased a new position in Bilibili during the third quarter worth $921,000. Matthews International Capital Management LLC raised its holdings in shares of Bilibili by 11.3% in the fourth quarter. Matthews International Capital Management LLC now owns 351,423 shares of the company’s stock worth $6,364,000 after acquiring an additional 35,692 shares during the last quarter. BNP Paribas Financial Markets increased its position in Bilibili by 422.0% during the 3rd quarter. BNP Paribas Financial Markets now owns 2,256,058 shares of the company’s stock worth $52,747,000 after purchasing an additional 1,823,829 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Bilibili by 26.3% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,528 shares of the company’s stock valued at $82,000 after purchasing an additional 735 shares during the last quarter. Institutional investors and hedge funds own 16.08% of the company’s stock.

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.