Bilibili (NASDAQ:BILI) Shares Gap Up – Here’s What Happened

Bilibili Inc. Sponsored ADR (NASDAQ:BILI)’s stock price gapped up before the market opened on Wednesday . The stock had previously closed at $30.27, but opened at $32.08. Bilibili shares last traded at $31.9220, with a volume of 1,368,546 shares traded.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Macquarie assumed coverage on shares of Bilibili in a research note on Tuesday, October 14th. They issued an “outperform” rating and a $36.03 target price for the company. Weiss Ratings reiterated a “hold (c-)” rating on shares of Bilibili in a report on Wednesday, October 8th. JPMorgan Chase & Co. boosted their target price on Bilibili from $24.00 to $27.00 and gave the company a “neutral” rating in a research note on Tuesday, November 18th. Benchmark raised their price target on shares of Bilibili from $28.00 to $29.00 and gave the stock a “buy” rating in a research note on Friday, November 14th. Finally, Barclays boosted their price objective on shares of Bilibili from $28.00 to $34.00 and gave the stock an “overweight” rating in a research report on Friday, November 14th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, Bilibili currently has a consensus rating of “Moderate Buy” and a consensus target price of $29.61.

Bilibili Price Performance

The company’s 50-day simple moving average is $26.61 and its 200-day simple moving average is $25.94. The stock has a market capitalization of $13.21 billion, a P/E ratio of 126.54 and a beta of 0.66. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.64 and a quick ratio of 1.64.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in BILI. Farther Finance Advisors LLC lifted its holdings in Bilibili by 226.9% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,187 shares of the company’s stock valued at $61,000 after purchasing an additional 1,518 shares during the last quarter. Hantz Financial Services Inc. lifted its stake in shares of Bilibili by 253.0% during the 3rd quarter. Hantz Financial Services Inc. now owns 3,639 shares of the company’s stock worth $102,000 after buying an additional 2,608 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Bilibili by 25.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 5,295 shares of the company’s stock worth $114,000 after buying an additional 1,081 shares during the period. Advisors Asset Management Inc. grew its stake in Bilibili by 19.0% in the 2nd quarter. Advisors Asset Management Inc. now owns 6,285 shares of the company’s stock valued at $135,000 after buying an additional 1,005 shares during the last quarter. Finally, Greenleaf Trust acquired a new stake in Bilibili during the second quarter worth approximately $213,000. 16.08% of the stock is owned by institutional investors and hedge funds.

Bilibili Company Profile

Bilibili (NASDAQ: BILI) is a leading Chinese online entertainment platform renowned for its focus on animation, comics and games (ACG) content. The company operates a video-sharing website where users can view, upload and comment on a wide range of content, from full-length anime episodes to user-generated short videos. In addition to on-demand streaming, Bilibili offers live broadcasting services that connect creators with fans through real-time interaction features such as “bullet comments” that flow across the screen.

Beyond its core video community, Bilibili generates revenue through multiple value-added services.