Bilibili Inc – (NASDAQ:BILI) shares rose 6.7% during mid-day trading on Tuesday . The company traded as high as $13.93 and last traded at $13.77. Approximately 2,392,270 shares changed hands during mid-day trading, a decline of 51% from the average daily volume of 4,903,726 shares. The stock had previously closed at $12.90.

BILI has been the subject of a number of research analyst reports. Bank of America decreased their price target on shares of Bilibili from $17.30 to $15.00 and set a “buy” rating for the company in a report on Tuesday, September 11th. Morgan Stanley cut shares of Bilibili from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $13.50 to $11.00 in a report on Monday, September 24th. Zacks Investment Research raised shares of Bilibili from a “sell” rating to a “hold” rating in a report on Tuesday, October 30th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Bilibili from $16.00 to $14.00 and set an “overweight” rating for the company in a report on Wednesday, August 29th.

Bilibili (NASDAQ:BILI) last issued its earnings results on Monday, August 27th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.03) by ($0.04). The company had revenue of $155.10 million for the quarter, compared to analysts’ expectations of $142.41 million. During the same period in the previous year, the business posted ($3.03) earnings per share. Bilibili’s revenue was up 76.1% compared to the same quarter last year. Equities research analysts expect that Bilibili Inc – will post -0.39 EPS for the current year.

Several institutional investors have recently modified their holdings of the stock. First Foundation Advisors purchased a new position in shares of Bilibili during the third quarter worth $1,011,000. Hsbc Holdings PLC purchased a new position in shares of Bilibili during the third quarter worth $2,801,000. Granite Point Capital Management L.P. raised its holdings in shares of Bilibili by 75.0% during the third quarter. Granite Point Capital Management L.P. now owns 140,000 shares of the company’s stock worth $1,887,000 after purchasing an additional 60,000 shares during the last quarter. FMR LLC purchased a new position in shares of Bilibili during the third quarter worth $2,191,000. Finally, Fosun International Ltd purchased a new position in shares of Bilibili during the third quarter worth $12,995,000. 11.56% of the stock is owned by hedge funds and other institutional investors.

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About Bilibili (NASDAQ:BILI)

Bilibili Inc provides online entertainment services for the young generations in the People's Republic of China. It offers a platform that covers a range of genres and media formats, including videos, live broadcasting, and mobile games. The company was founded in 2009 and is headquartered in Shanghai, the People's Republic of China.

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