Bilibili (NASDAQ:BILI) Shares Gap Up - Here's What Happened

Bilibili Inc. (NASDAQ:BILI - Get Free Report) gapped up prior to trading on Wednesday . The stock had previously closed at $14.88, but opened at $15.58. Bilibili shares last traded at $15.54, with a volume of 1,993,589 shares trading hands.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on BILI. Barclays upped their price objective on shares of Bilibili from $24.00 to $25.00 and gave the stock an "overweight" rating in a report on Friday, February 21st. Benchmark upped their target price on shares of Bilibili from $24.00 to $30.00 and gave the stock a "buy" rating in a report on Friday, February 21st. Finally, Nomura Securities downgraded Bilibili from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, February 25th. Three investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Bilibili has a consensus rating of "Moderate Buy" and an average target price of $21.11.

Bilibili Stock Up 2.2 %

The stock has a 50-day moving average of $19.72 and a 200 day moving average of $19.82. The company has a market capitalization of $7.10 billion, a PE ratio of -37.87 and a beta of 0.95. The company has a quick ratio of 1.05, a current ratio of 1.34 and a debt-to-equity ratio of 0.23.

Bilibili (NASDAQ:BILI - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.05 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.03 by $0.02. The firm had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.05 billion. Bilibili had a negative return on equity of 8.23% and a negative net margin of 5.01%. Sell-side analysts anticipate that Bilibili Inc. will post 0.16 EPS for the current year.

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Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of BILI. Matthews International Capital Management LLC lifted its stake in Bilibili by 11.3% in the fourth quarter. Matthews International Capital Management LLC now owns 351,423 shares of the company's stock valued at $6,364,000 after purchasing an additional 35,692 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Bilibili by 26.3% in 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 valued at $82,000 after buying an additional 735 shares during the period. Barclays PLC lifted its position in shares of Bilibili by 13.5% during the 3rd quarter. Barclays PLC now owns 127,563 shares of the company's stock valued at $2,982,000 after buying an additional 15,136 shares during the last quarter. Vontobel Holding Ltd. purchased a new position in shares of Bilibili during the 4th quarter valued at $340,000. Finally, SBI Securities Co. Ltd. bought a new position in shares of Bilibili during the 4th quarter worth $354,000. 16.08% of the stock is owned by institutional investors.

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.