Bilibili (NASDAQ:BILI) Sees Unusually-High Trading Volume – Time to Buy?

Bilibili Inc. Sponsored ADR (NASDAQ:BILI) shares saw strong trading volume on Monday. Approximately 1,844,820 shares changed hands during mid-day trading, a decline of 36% from the previous session’s volume of 2,869,202 shares. The stock last traded at $15.2250 and had previously closed at $14.90.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. BNP Paribas Exane initiated coverage on shares of Bilibili in a research report on Tuesday, September 22nd. They set an “outperform” rating and a $23.00 target price for the company. Weiss Ratings raised Bilibili from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, August 31st. Piper Sandler set a $29.00 price target on Bilibili in a research report on Friday, August 28th. Benchmark reiterated a “buy” rating on shares of Bilibili in a research note on Friday, August 28th. Finally, Morgan Stanley reissued an “overweight” rating and issued a $27.00 price objective on shares of Bilibili in a report on Thursday, August 27th. Nine research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $29.70.

Bilibili Price Performance

The stock’s fifty day moving average is $16.79 and its 200-day moving average is $19.23. The stock has a market capitalization of $6.29 billion, a PE ratio of 30.93, a P/E/G ratio of 1.25 and a beta of 0.71. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.32 and a quick ratio of 1.32.

Bilibili (NASDAQ:BILI) last released its quarterly earnings results on Saturday, August 15th. The company reported $0.23 EPS for the quarter. Bilibili had a net margin of 4.88% and a return on equity of 11.42%. The company had revenue of $1.17 billion for the quarter. As a group, equities analysts predict that Bilibili Inc. Sponsored ADR will post 0.64 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Bilibili

Institutional investors have recently modified their holdings of the business. EverSource Wealth Advisors LLC raised its holdings in Bilibili by 76.6% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,628 shares of the company’s stock worth $37,000 after purchasing an additional 706 shares during the period. Nykredit A S acquired a new stake in Bilibili in the second quarter valued at approximately $110,000. Parallel Advisors LLC grew its holdings in Bilibili by 24.0% in the first quarter. Parallel Advisors LLC now owns 6,257 shares of the company’s stock valued at $141,000 after purchasing an additional 1,211 shares during the period. Hantz Financial Services Inc. increased its position in shares of Bilibili by 61.7% in the fourth quarter. Hantz Financial Services Inc. now owns 5,886 shares of the company’s stock valued at $145,000 after buying an additional 2,247 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its stake in Bilibili by 20.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 12,078 shares of the company’s stock valued at $272,000 after purchasing an additional 2,010 shares during the last quarter. 16.08% of the stock is currently owned by institutional investors and hedge funds.

About Bilibili

Bilibili Inc (NASDAQ: BILI) operates an online entertainment platform in China focused on video content and community engagement. The company is known for serving younger audiences and for its strong roots in anime, comics and games, while also offering content covering entertainment, lifestyle, knowledge, technology and other interests.

Its platform includes professionally produced and user-generated videos, live streaming, mobile games and other value-added services. Bilibili also generates revenue through advertising, paid memberships, game publishing and distribution, and related digital content and merchandise activities.