Bilibili (NASDAQ:BILI) Shares Up 6.4% - Still a Buy?

Bilibili Inc. (NASDAQ:BILI - Get Free Report)'s stock price traded up 6.4% on Friday . The company traded as high as $23.37 and last traded at $23.70. 730,096 shares traded hands during mid-day trading, a decline of 90% from the average session volume of 7,043,789 shares. The stock had previously closed at $22.28.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on BILI. Benchmark raised their target price on Bilibili from $24.00 to $30.00 and gave the company a "buy" rating in a research note on Friday, February 21st. Mizuho raised their price objective on Bilibili from $17.00 to $21.00 and gave the company an "outperform" rating in a research note on Tuesday, November 12th. Barclays upped their target price on Bilibili from $24.00 to $25.00 and gave the company an "overweight" rating in a research report on Friday, February 21st. Finally, Nomura Securities cut Bilibili from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, February 25th. Four analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $20.33.

Bilibili Stock Up 4.4 %

The stock's fifty day simple moving average is $18.82 and its two-hundred day simple moving average is $19.27. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.34 and a quick ratio of 1.05. The company has a market capitalization of $9.44 billion, a price-to-earnings ratio of -50.60 and a beta of 0.93.

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

Institutional Trading of Bilibili

Hedge funds have recently made changes to their positions in the stock. Jennison Associates LLC grew its stake in Bilibili by 26.4% during the 4th quarter. Jennison Associates LLC now owns 2,285,264 shares of the company's stock worth $41,386,000 after buying an additional 477,740 shares during the last quarter. BNP Paribas Financial Markets boosted its holdings in shares of Bilibili by 422.0% during the third quarter. BNP Paribas Financial Markets now owns 2,256,058 shares of the company's stock valued at $52,747,000 after acquiring an additional 1,823,829 shares during the period. Two Sigma Advisers LP grew its position in shares of Bilibili by 14,710.1% during the third quarter. Two Sigma Advisers LP now owns 1,762,400 shares of the company's stock worth $41,205,000 after acquiring an additional 1,750,500 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of Bilibili by 16.2% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,504,143 shares of the company's stock worth $27,240,000 after acquiring an additional 209,963 shares during the period. Finally, Trexquant Investment LP lifted its position in Bilibili by 9.3% in the 4th quarter. Trexquant Investment LP now owns 754,875 shares of the company's stock valued at $13,671,000 after purchasing an additional 63,960 shares during the last quarter. 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.