Bilibili (NASDAQ:BILI) Shares Gap Up - What's Next?

Shares of Bilibili Inc. (NASDAQ:BILI - Get Free Report) gapped up prior to trading on Friday . The stock had previously closed at $19.82, but opened at $22.00. Bilibili shares last traded at $21.81, with a volume of 7,106,947 shares traded.

Analyst Ratings Changes

A number of research firms have commented on BILI. Benchmark lifted their target price on shares of Bilibili from $16.00 to $24.00 and gave the stock a "buy" rating in a research report on Friday, November 15th. Daiwa Capital Markets raised Bilibili from a "neutral" rating to a "buy" rating in a report on Friday, November 8th. Daiwa America raised Bilibili from a "hold" rating to a "strong-buy" rating in a report on Friday, November 8th. Bank of America boosted their price target on Bilibili from $19.00 to $22.50 and gave the company a "buy" rating in a research note on Friday, October 25th. Finally, Mizuho increased their price objective on shares of Bilibili from $17.00 to $21.00 and gave the stock an "outperform" rating in a research note on Tuesday, November 12th. Three equities research analysts have rated the stock with a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $19.69.

Bilibili Stock Performance

The firm's fifty day moving average is $18.16 and its two-hundred day moving average is $18.46. The company has a market cap of $8.62 billion, a P/E ratio of -22.62 and a beta of 0.81.

Institutional Trading of Bilibili

Several institutional investors have recently made changes to their positions in the business. Signaturefd LLC boosted its stake in Bilibili by 6.5% in the 3rd quarter. Signaturefd LLC now owns 9,731 shares of the company's stock worth $228,000 after purchasing an additional 598 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Bilibili by 26.3% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,528 shares of the company's stock worth $82,000 after acquiring an additional 735 shares during the last quarter. Laird Norton Wetherby Wealth Management LLC grew its stake in Bilibili by 3.3% during the fourth quarter. Laird Norton Wetherby Wealth Management LLC now owns 23,109 shares of the company's stock valued at $419,000 after acquiring an additional 749 shares in the last quarter. Blue Trust Inc. increased its holdings in Bilibili by 227.3% in the 3rd quarter. Blue Trust Inc. now owns 1,283 shares of the company's stock valued at $30,000 after acquiring an additional 891 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in Bilibili by 1.0% in the 4th quarter. Geode Capital Management LLC now owns 110,560 shares of the company's stock valued at $2,002,000 after acquiring an additional 1,140 shares during the last quarter. Hedge funds and other institutional investors own 16.08% of the company's stock.

Bilibili Company Profile

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.