Bilibili Inc. (NASDAQ:BILI - Get Free Report) shares gapped up prior to trading on Tuesday . The stock had previously closed at $19.80, but opened at $20.38. Bilibili shares last traded at $20.36, with a volume of 1,604,545 shares trading hands.
Analyst Upgrades and Downgrades
A number of equities analysts have recently issued reports on the stock. Daiwa Capital Markets upgraded shares of Bilibili from a "neutral" rating to a "buy" rating in a report on Friday, November 8th. Mizuho raised their target price on shares of Bilibili from $17.00 to $21.00 and gave the company an "outperform" rating in a report on Tuesday, November 12th. Benchmark raised their price target on shares of Bilibili from $24.00 to $30.00 and gave the stock a "buy" rating in a research note on Friday, February 21st. Nomura Securities cut shares of Bilibili from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, February 25th. Finally, Daiwa America raised shares of Bilibili from a "hold" rating to a "strong-buy" rating in a research report on Friday, November 8th. Four research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Bilibili presently has an average rating of "Moderate Buy" and an average price target of $20.33.
Get Our Latest Stock Analysis on Bilibili
Bilibili Price Performance
The company's fifty day moving average is $18.65 and its 200 day moving average is $19.12. The company has a quick ratio of 1.05, a current ratio of 1.34 and a debt-to-equity ratio of 0.23. The stock has a market cap of $9.99 billion, a PE ratio of -53.56 and a beta of 0.93.
Bilibili (NASDAQ:BILI - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.05 EPS for the quarter, beating the consensus estimate of $0.03 by $0.02. The firm had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.05 billion. Bilibili had a negative net margin of 5.01% and a negative return on equity of 8.23%. As a group, sell-side analysts anticipate that Bilibili Inc. will post 0.16 earnings per share for the current fiscal year.
Institutional Trading of Bilibili
A number of hedge funds have recently made changes to their positions in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake 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 valued at $82,000 after purchasing an additional 735 shares during the period. Laird Norton Wetherby Wealth Management LLC raised its stake in shares of 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 purchasing an additional 749 shares during the period. Geode Capital Management LLC raised its stake in shares of Bilibili by 1.0% during the fourth quarter. Geode Capital Management LLC now owns 110,560 shares of the company's stock valued at $2,002,000 after purchasing an additional 1,140 shares during the period. Avior Wealth Management LLC raised its stake in shares of Bilibili by 1,817.7% during the fourth quarter. Avior Wealth Management LLC now owns 1,515 shares of the company's stock valued at $27,000 after purchasing an additional 1,436 shares during the period. Finally, Legal & General Group Plc raised its stake in shares of Bilibili by 4.1% during the fourth quarter. Legal & General Group Plc now owns 46,629 shares of the company's stock valued at $845,000 after purchasing an additional 1,839 shares during the period. Hedge funds and other institutional investors own 16.08% of the company's stock.
About Bilibili
(
Get Free Report)
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.
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