Bilibili (NASDAQ:BILI) Shares Up 2%

Bilibili Inc. (NASDAQ:BILI)’s share price traded up 2% during trading on Tuesday . The stock traded as high as $14.59 and last traded at $14.55. 423,749 shares were traded during trading, a decline of 94% from the average session volume of 6,914,619 shares. The stock had previously closed at $14.26.

Analysts Set New Price Targets

BILI has been the subject of several recent analyst reports. Benchmark increased their price objective on Bilibili from $15.00 to $16.00 and gave the stock a “buy” rating in a research note on Friday, May 24th. Sanford C. Bernstein lifted 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. Nomura Securities raised Bilibili from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 22nd. Barclays raised Bilibili from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $14.00 to $19.00 in a report on Friday. Finally, Daiwa Capital Markets raised shares of Bilibili from a “neutral” rating to an “outperform” rating in a research note on Thursday, August 22nd. Three research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $16.68.

Bilibili Stock Performance

The firm has a market capitalization of $5.98 billion, a price-to-earnings ratio of -8.59 and a beta of 0.85. The business’s 50-day moving average is $15.40 and its two-hundred day moving average is $13.49.

Bilibili (NASDAQ:BILI) last announced its quarterly earnings results on Thursday, August 22nd. The company reported ($0.65) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.10) by ($0.55). Bilibili had a negative return on equity of 26.46% and a negative net margin of 21.41%. The business had revenue of $6.13 billion during the quarter, compared to the consensus estimate of $6.10 billion. During the same quarter last year, the company earned ($0.43) earnings per share. The firm’s revenue was up 15.5% compared to the same quarter last year. Analysts forecast that Bilibili Inc. will post -0.46 EPS for the current year.

Hedge Funds Weigh In On Bilibili

Large investors have recently added to or reduced their stakes in the company. CWM LLC lifted its holdings in shares of Bilibili by 61.9% in the second quarter. CWM LLC now owns 2,232 shares of the company’s stock valued at $34,000 after purchasing an additional 853 shares in the last quarter. Parallel Advisors LLC lifted its stake in 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 acquiring an additional 1,734 shares in the last quarter. Headlands Technologies LLC acquired a new position in Bilibili during the 4th quarter worth approximately $100,000. Sandia Investment Management LP bought a new position in shares of Bilibili during the 1st quarter worth approximately $112,000. Finally, Quadrant Capital Group LLC raised its holdings in shares of Bilibili by 19.3% in the fourth quarter. Quadrant Capital Group LLC now owns 10,283 shares of the company’s stock valued at $125,000 after purchasing an additional 1,667 shares during the last quarter. Institutional investors own 16.08% of the company’s stock.

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.