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

Bilibili Inc. (NASDAQ:BILI)’s share price gapped up before the market opened on Monday . The stock had previously closed at $19.08, but opened at $21.30. Bilibili shares last traded at $23.08, with a volume of 6,644,239 shares traded.

Analyst Ratings Changes

Several research firms have issued reports on BILI. Nomura upgraded Bilibili from a “neutral” rating to a “buy” rating and set a $18.00 price objective on the stock in a research note on Thursday, August 22nd. 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. Morgan Stanley began coverage on shares of Bilibili in a research report on Wednesday, September 25th. They set an “equal weight” rating and a $20.00 price objective for the company. Nomura Securities raised shares of Bilibili from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 22nd. Finally, The Goldman Sachs Group raised shares of Bilibili from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $16.50 to $22.60 in a report on Thursday, September 26th. Three analysts have rated the stock with a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $19.69.

Bilibili Stock Up 22.9 %

The company’s fifty day moving average price is $21.33 and its 200 day moving average price is $17.44. The company has a market capitalization of $9.71 billion, a P/E ratio of -23.91 and a beta of 0.80.

Bilibili (NASDAQ:BILI) last posted its quarterly earnings data on Thursday, November 14th. The company reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.47. The firm had revenue of $7.31 billion for the quarter, compared to analyst estimates of $7.14 billion. Bilibili had a negative return on equity of 15.17% and a negative net margin of 10.73%. The company’s revenue was up 25.8% on a year-over-year basis. During the same quarter last year, the company earned ($0.39) EPS. Research analysts predict that Bilibili Inc. will post -0.34 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Bilibili

Several institutional investors and hedge funds have recently bought and sold shares of BILI. CWM LLC raised its position in shares of Bilibili by 61.9% in the 2nd quarter. CWM LLC now owns 2,232 shares of the company’s stock valued at $34,000 after buying an additional 853 shares in the last quarter. SG Americas Securities LLC raised its position in Bilibili by 4.9% during the second quarter. SG Americas Securities LLC now owns 33,711 shares of the company’s stock valued at $520,000 after purchasing an additional 1,569 shares in the last quarter. Swedbank AB lifted its stake in Bilibili by 5.2% during the second quarter. Swedbank AB now owns 60,590 shares of the company’s stock worth $936,000 after purchasing an additional 2,990 shares during the last quarter. Yong Rong HK Asset Management Ltd boosted its holdings in shares of Bilibili by 33.3% in the 2nd quarter. Yong Rong HK Asset Management Ltd now owns 400,000 shares of the company’s stock valued at $6,176,000 after purchasing an additional 100,000 shares in the last quarter. Finally, National Bank of Canada FI bought a new position in shares of Bilibili in the 2nd quarter valued at $3,115,000. Institutional investors 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.