Bilibili (NASDAQ:BILI) Shares Gap Up – Here’s What Happened

Shares of Bilibili Inc. Sponsored ADR (NASDAQ:BILI) gapped up prior to trading on Monday. The stock had previously closed at $12.68, but opened at $13.35. Bilibili shares last traded at $13.6440, with a volume of 1,055,193 shares changing hands.

Analyst Ratings Changes

Several analysts have issued reports on BILI shares. Morgan Stanley reaffirmed an “overweight” rating and set a $27.00 price target on shares of Bilibili in a research report on Thursday, August 27th. Piper Sandler set a $29.00 price objective on shares of Bilibili in a research note on Friday, August 28th. Citigroup dropped their price objective on shares of Bilibili from $27.00 to $26.50 and set a “buy” rating for the company in a research note on Wednesday, October 14th. Weiss Ratings lowered shares of Bilibili from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, October 14th. Finally, BNP Paribas Exane assumed coverage on shares of Bilibili in a report on Tuesday, September 22nd. They issued an “outperform” rating and a $23.00 target price on the stock. Eight equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $29.39.

Bilibili Price Performance

The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.29. The business has a 50-day moving average of $14.94 and a 200 day moving average of $20.83. The firm has a market capitalization of $5.67 billion, a PE ratio of 27.97, a price-to-earnings-growth ratio of 1.15 and a beta of 0.65.

Bilibili (NASDAQ:BILI) last announced its quarterly earnings data on Saturday, August 15th. The company reported $0.23 earnings per share (EPS) for the quarter. The firm had revenue of $1.17 billion during the quarter. Bilibili had a return on equity of 11.42% and a net margin of 4.88%. As a group, research analysts anticipate that Bilibili Inc. Sponsored ADR will post 0.60 EPS for the current fiscal year.

Institutional Investors Weigh In On Bilibili

A number of hedge funds and other institutional investors have recently bought and sold shares of BILI. EverSource Wealth Advisors LLC grew its position in shares of Bilibili by 76.6% in the first quarter. EverSource Wealth Advisors LLC now owns 1,628 shares of the company’s stock valued at $37,000 after purchasing an additional 706 shares in the last quarter. Farther Finance Advisors LLC grew its stake in Bilibili by 53.5% during the third quarter. Farther Finance Advisors LLC now owns 2,084 shares of the company’s stock valued at $31,000 after acquiring an additional 726 shares in the last quarter. Parallel Advisors LLC increased its holdings in Bilibili by 24.0% during the 1st quarter. Parallel Advisors LLC now owns 6,257 shares of the company’s stock worth $141,000 after acquiring an additional 1,211 shares during the period. Nykredit A S bought a new position in shares of Bilibili in the second quarter worth $110,000. Finally, PNC Financial Services Group Inc. raised its holdings in shares of Bilibili by 20.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 12,078 shares of the company’s stock valued at $272,000 after acquiring an additional 2,010 shares in the last quarter. Institutional investors own 16.08% of the company’s stock.

About Bilibili

Bilibili Inc is a China-based online entertainment platform focused on video content and communities built around anime, comics, games and broader youth culture. The company offers professionally produced and user-generated videos, with content spanning entertainment, lifestyle, technology, education and other interests.

Its services include video streaming, live broadcasting, mobile games and value-added services such as memberships, virtual items and other interactive features. Bilibili also generates revenue through advertising and related content and e-commerce activities.

Founded in 2009 and headquartered in Shanghai, Bilibili serves users primarily in China through its website and mobile applications.