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

Shares of Bilibili Inc. (NASDAQ:BILI) gapped up prior to trading 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 traded.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Mizuho cut their target price on shares of Bilibili from $18.00 to $16.00 and set a “buy” rating on the stock in a research report on Wednesday, January 17th. JPMorgan Chase & Co. upgraded shares of Bilibili from an “underweight” rating to a “neutral” rating and increased their price objective for the company from $10.00 to $11.00 in a report on Monday, March 11th. Daiwa Capital Markets cut shares of Bilibili from a “buy” rating to a “neutral” rating in a research note on Friday, January 19th. Finally, Citigroup cut shares of Bilibili from a “buy” rating to a “neutral” rating and dropped their target price for the company from $18.00 to $12.50 in a research 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 given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $15.26.

Bilibili Price Performance

The company’s 50 day simple moving average is $11.34 and its 200 day simple moving average is $11.64. The stock has a market cap of $5.98 billion, a P/E ratio of -8.55 and a beta of 0.96.

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

Institutional Investors Weigh In On Bilibili

Several large investors have recently modified their holdings of the business. Janney Montgomery Scott LLC acquired a new position in shares of Bilibili in the 1st quarter valued at approximately $951,000. BNP Paribas Financial Markets lifted its stake in Bilibili by 62.6% in the first quarter. BNP Paribas Financial Markets now owns 310,999 shares of the company’s stock valued at $3,483,000 after buying an additional 119,747 shares in the last quarter. SpiderRock Advisors LLC bought a new position in Bilibili in the first quarter valued at approximately $1,421,000. XY Capital Ltd acquired a new position in shares of Bilibili in the first quarter valued at approximately $6,632,000. Finally, Seven Grand Managers LLC bought a new stake in shares of Bilibili during the first quarter worth $1,120,000. 16.08% of the stock is currently 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.