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

Bilibili Inc. Sponsored ADR (NASDAQ:BILI)’s share price gapped up before the market opened on Monday. The stock had previously closed at $12.68, but opened at $13.35. Bilibili shares last traded at $13.6440, with a volume of 1,055,193 shares traded.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. BNP Paribas Exane started coverage on Bilibili in a research report on Tuesday, September 22nd. They set an “outperform” rating and a $23.00 price target for the company. Morgan Stanley reaffirmed an “overweight” rating and issued a $27.00 price objective on shares of Bilibili in a research note on Thursday, August 27th. Citigroup reduced their price target on shares of Bilibili from $27.00 to $26.50 and set a “buy” rating for the company in a research report on Wednesday, October 14th. Weiss Ratings upgraded Bilibili from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday. Finally, Benchmark restated a “buy” rating on shares of Bilibili in a research note on Friday, August 28th. Eight research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, Bilibili presently has an average rating of “Moderate Buy” and a consensus price target of $29.39.

Bilibili Trading Down 2.4%

The stock has a fifty day simple moving average of $14.80 and a 200 day simple moving average of $20.64. The firm has a market cap of $5.47 billion, a P/E ratio of 23.70, a price-to-earnings-growth ratio of 1.23 and a beta of 0.64. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.32 and a current ratio of 1.32.

Bilibili (NASDAQ:BILI) last released its earnings results on Saturday, August 15th. The company reported $0.23 earnings per share for the quarter. Bilibili had a return on equity of 11.42% and a net margin of 4.88%. The company had revenue of $1.17 billion for the quarter. On average, research analysts expect that Bilibili Inc. Sponsored ADR will post 0.60 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Bilibili

Institutional investors have recently modified their holdings of the stock. Renaissance Technologies LLC lifted its holdings in shares of Bilibili by 121.1% during the first quarter. Renaissance Technologies LLC now owns 507,335 shares of the company’s stock worth $11,445,000 after purchasing an additional 277,900 shares during the period. XY Capital Ltd increased its position in Bilibili by 148.1% during the second quarter. XY Capital Ltd now owns 253,880 shares of the company’s stock worth $4,324,000 after purchasing an additional 151,563 shares during the last quarter. Hsbc Holdings PLC increased its position in shares of Bilibili by 230.5% during the 1st quarter. Hsbc Holdings PLC now owns 199,039 shares of the company’s stock worth $4,458,000 after purchasing an additional 138,810 shares during the last quarter. Quadrant Capital Group LLC increased its holdings in Bilibili by 222.5% in the 3rd quarter. Quadrant Capital Group LLC now owns 113,456 shares of the company’s stock valued at $1,700,000 after purchasing an additional 78,276 shares during the last quarter. Finally, Mizuho Securities Co. Ltd. acquired a new position in Bilibili in the 3rd quarter valued at about $1,115,000. 16.08% of the stock is owned by institutional investors.

About Bilibili

Bilibili Inc is a China-based online entertainment platform focused on video content and communities built around anime, comics, games and broader youth culture. The company offers professionally produced and user-generated videos, with content spanning entertainment, lifestyle, technology, education and other interests.

Its services include video streaming, live broadcasting, mobile games and value-added services such as memberships, virtual items and other interactive features. Bilibili also generates revenue through advertising and related content and e-commerce activities.

Founded in 2009 and headquartered in Shanghai, Bilibili serves users primarily in China through its website and mobile applications.