Bilibili (NASDAQ:BILI) Shares Gap Up - Should You Buy?

Bilibili Inc. (NASDAQ:BILI - Get Free Report) shares gapped up prior to trading on Tuesday . The stock had previously closed at $22.00, but opened at $23.08. Bilibili shares last traded at $23.25, with a volume of 1,323,605 shares trading hands.

Analysts Set New Price Targets

A number of analysts recently commented on BILI shares. Sanford C. Bernstein upped their price objective on shares of Bilibili from $12.00 to $13.00 and gave the company a "market perform" rating in a research report on Friday, August 23rd. Daiwa Capital Markets cut Bilibili from an "outperform" rating to a "neutral" rating in a report on Thursday, October 3rd. The Goldman Sachs Group upgraded Bilibili from a "neutral" rating to a "buy" rating and increased their target price for the stock from $16.50 to $22.60 in a report on Thursday, September 26th. Nomura upgraded Bilibili from a "neutral" rating to a "buy" rating and set a $18.00 target price for the company in a report on Thursday, August 22nd. Finally, Daiwa America cut Bilibili from a "strong-buy" rating to a "hold" rating in a report on Thursday, October 3rd. Five equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $18.15.

Bilibili Trading Up 5.5 %

The firm has a market capitalization of $9.62 billion, a price-to-earnings ratio of -17.33 and a beta of 0.86. The company's 50 day moving average is $19.38 and its 200-day moving average is $16.46.

Bilibili (NASDAQ:BILI - Get Free Report) last issued its earnings results on Thursday, August 22nd. The company reported ($0.65) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.10) by ($0.55). Bilibili had a negative net margin of 16.71% and a negative return on equity of 22.44%. The firm had revenue of $6.13 billion during the quarter, compared to analyst estimates of $6.10 billion. During the same quarter last year, the business posted ($0.43) earnings per share. The company's revenue for the quarter was up 15.5% on a year-over-year basis. Research analysts expect that Bilibili Inc. will post -0.32 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of BILI. BNP Paribas Financial Markets raised its holdings in Bilibili by 62.6% in the 1st quarter. BNP Paribas Financial Markets now owns 310,999 shares of the company's stock valued at $3,483,000 after acquiring an additional 119,747 shares during the period. Janney Montgomery Scott LLC bought a new position in shares of Bilibili during the first quarter worth approximately $951,000. GSA Capital Partners LLP bought a new position in shares of Bilibili during the first quarter worth approximately $460,000. SIH Partners LLLP increased its holdings in shares of Bilibili by 761.2% during the first quarter. SIH Partners LLLP now owns 486,220 shares of the company's stock worth $5,446,000 after purchasing an additional 429,760 shares during the period. Finally, Susquehanna International Group Ltd. increased its holdings in shares of Bilibili by 77.5% during the first quarter. Susquehanna International Group Ltd. now owns 38,246 shares of the company's stock worth $428,000 after purchasing an additional 16,699 shares during the period. 16.08% of the stock is owned by institutional investors.

About Bilibili

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.