Bilibili (NASDAQ:BILI) Trading Up 4.3% - Here's Why

Shares of Bilibili Inc. (NASDAQ:BILI - Get Free Report) rose 4.3% on Tuesday . The company traded as high as $21.21 and last traded at $21.08. Approximately 3,330,815 shares were traded during mid-day trading, a decline of 55% from the average daily volume of 7,327,195 shares. The stock had previously closed at $20.22.

Analyst Upgrades and Downgrades

BILI has been the subject of a number of recent analyst reports. Daiwa America cut Bilibili from a "strong-buy" rating to a "hold" rating in a research report on Thursday, October 3rd. Bank of America raised their price objective on Bilibili from $18.00 to $19.00 and gave the company a "buy" rating in a research report on Tuesday, September 3rd. Nomura Securities raised Bilibili from a "hold" rating to a "strong-buy" rating in a research report on Thursday, August 22nd. Barclays raised Bilibili from an "equal weight" rating to an "overweight" rating and raised their price objective for the company from $14.00 to $19.00 in a research report on Friday, August 23rd. Finally, Morgan Stanley initiated coverage on Bilibili in a report on Wednesday, September 25th. They set an "equal weight" rating and a $20.00 price target for the company. Five research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $17.83.

Bilibili Stock Performance

The stock has a market capitalization of $8.46 billion, a price-to-earnings ratio of -12.27 and a beta of 0.86. The company has a fifty day simple moving average of $18.00 and a two-hundred day simple moving average of $15.82.

Bilibili (NASDAQ:BILI - Get Free Report) last announced its quarterly earnings data on Thursday, August 22nd. The company reported ($0.65) earnings per share 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 company had revenue of $6.13 billion during the quarter, compared to analyst estimates of $6.10 billion. During the same period in the prior year, the firm earned ($0.43) earnings per share. Bilibili's revenue was up 15.5% on a year-over-year basis. As a group, equities analysts anticipate that Bilibili Inc. will post -0.37 earnings per share for the current year.

Hedge Funds Weigh In On Bilibili

Several hedge funds and other institutional investors have recently modified their holdings of the business. Blue Trust Inc. grew its position in Bilibili by 227.3% during the 3rd quarter. Blue Trust Inc. now owns 1,283 shares of the company's stock worth $30,000 after acquiring an additional 891 shares during the last quarter. CWM LLC grew its position in Bilibili by 61.9% during the 2nd quarter. CWM LLC now owns 2,232 shares of the company's stock worth $34,000 after acquiring an additional 853 shares during the last quarter. Signaturefd LLC grew its position in Bilibili by 6.5% during the 3rd quarter. Signaturefd LLC now owns 9,731 shares of the company's stock worth $228,000 after acquiring an additional 598 shares during the last quarter. Sandia Investment Management LP bought a new stake in Bilibili during the 1st quarter worth $112,000. Finally, Beck Bode LLC bought a new stake in Bilibili during the 2nd quarter worth $165,000. 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.