Bilibili Inc – (NASDAQ:BILI) gapped down prior to trading on Thursday . The stock had previously closed at $11.12, but opened at $10.51. Bilibili shares last traded at $10.66, with a volume of 80160 shares changing hands.

A number of brokerages have recently commented on BILI. Bank of America increased their target price on shares of Bilibili from $15.30 to $17.30 and gave the company a “buy” rating in a research report on Tuesday, June 26th. JPMorgan Chase & Co. increased their target price on shares of Bilibili from $14.00 to $16.00 and gave the company an “overweight” rating in a research report on Tuesday, May 29th. Finally, Morgan Stanley began coverage on shares of Bilibili in a research report on Monday, April 23rd. They issued an “overweight” rating for the company.

Bilibili (NASDAQ:BILI) last issued its earnings results on Wednesday, May 23rd. The company reported ($0.27) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.01) by ($0.26). The firm had revenue of $136.48 million for the quarter. analysts predict that Bilibili Inc – will post -0.21 earnings per share for the current year.

Hedge funds and other institutional investors have recently modified their holdings of the company. Ariose Capital Management Ltd acquired a new stake in Bilibili during the second quarter worth about $369,300,000. Glen Harbor Capital Management LLC acquired a new stake in Bilibili during the second quarter worth about $105,000. Comerica Bank acquired a new stake in Bilibili during the second quarter worth about $144,000. Tiverton Asset Management LLC acquired a new stake in Bilibili during the second quarter worth about $202,000. Finally, Barings LLC acquired a new stake in Bilibili during the first quarter worth about $164,000. Institutional investors and hedge funds own 13.21% of the company’s stock.

About Bilibili (NASDAQ:BILI)

Bilibili Inc provides online entertainment services for the young generations in the People's Republic of China. It offers a platform that covers a range of genres and media formats, including videos, live broadcasting, and mobile games. The company was founded in 2009 and is headquartered in Shanghai, the People's Republic of China.

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