Bilibili (NASDAQ:BILI) Shares Gap Up to $11.49

Bilibili Inc. (NASDAQ:BILI)’s stock price gapped up before the market opened on Wednesday . The stock had previously closed at $11.49, but opened at $12.41. Bilibili shares last traded at $12.69, with a volume of 5,964,459 shares trading hands.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on BILI shares. Mizuho reduced their target price on Bilibili from $18.00 to $16.00 and set a “buy” rating for the company in a report on Wednesday, January 17th. JPMorgan Chase & Co. raised shares of Bilibili from an “underweight” rating to a “neutral” rating and raised their price target for the company from $10.00 to $11.00 in a report on Monday, March 11th. Citigroup cut shares of Bilibili from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $18.00 to $12.50 in a report on Monday, March 11th. Finally, Daiwa Capital Markets lowered Bilibili from a “buy” rating to a “neutral” rating in a research note on Friday, January 19th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $15.26.

Bilibili Stock Up 11.0 %

The stock has a 50-day simple moving average of $11.03 and a two-hundred day simple moving average of $11.67. The firm has a market cap of $5.26 billion, a PE ratio of -7.65 and a beta of 0.99.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of BILI. Seven Grand Managers LLC purchased a new stake in Bilibili during the 1st quarter valued at about $1,120,000. Tower Research Capital LLC TRC grew its holdings in shares of Bilibili by 349.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 6,703 shares of the company’s stock worth $82,000 after purchasing an additional 5,210 shares during the last quarter. Capstone Investment Advisors LLC purchased a new position in shares of Bilibili in the fourth quarter worth $441,000. Parallel Advisors LLC raised its holdings in Bilibili by 62.6% during the 4th quarter. Parallel Advisors LLC now owns 4,503 shares of the company’s stock valued at $55,000 after buying an additional 1,734 shares during the last quarter. Finally, Trexquant Investment LP purchased a new stake in Bilibili during the 4th quarter valued at $2,167,000. 16.08% of the stock is owned by institutional investors.

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.