Bilibili (NASDAQ:BILI) Shares Gap Up to $21.99
Bilibili Inc – (NASDAQ:BILI) shares gapped up before the market opened on Tuesday . The stock had previously closed at $21.63, but opened at $21.99. Bilibili shares last traded at $22.65, with a volume of 179,151 shares.
Several research analysts have commented on the company. TheStreet upgraded Bilibili from a “d” rating to a “c-” rating in a research note on Thursday, November 7th. Nomura upped their price target on Bilibili from $18.00 to $20.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Morgan Stanley downgraded shares of Bilibili from an “overweight” rating to an “equal weight” rating and set a $24.00 price target on the stock. in a report on Thursday, January 9th. Citigroup reissued a “buy” rating on shares of Bilibili in a report on Friday, January 3rd. Finally, ValuEngine upgraded shares of Bilibili from a “sell” rating to a “hold” rating in a research report on Friday, January 10th. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Bilibili presently has a consensus rating of “Buy” and an average target price of $20.04.
The company has a market cap of $6.37 billion, a P/E ratio of -60.61 and a beta of 1.87. The company has a 50 day moving average of $19.01 and a 200-day moving average of $16.16. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.61 and a quick ratio of 2.61.
Several institutional investors and hedge funds have recently modified their holdings of the company. US Bancorp DE grew its holdings in shares of Bilibili by 2.1% during the second quarter. US Bancorp DE now owns 43,392 shares of the company’s stock worth $706,000 after purchasing an additional 899 shares in the last quarter. BlackRock Inc. lifted its position in Bilibili by 43.4% during the second quarter. BlackRock Inc. now owns 1,265,496 shares of the company’s stock valued at $20,590,000 after purchasing an additional 383,212 shares during the last quarter. Vanguard Group Inc. grew its stake in Bilibili by 8.7% in the 2nd quarter. Vanguard Group Inc. now owns 1,836,305 shares of the company’s stock worth $29,876,000 after buying an additional 146,735 shares in the last quarter. Man Group plc purchased a new position in Bilibili in the 2nd quarter worth approximately $7,360,000. Finally, Point72 Asset Management L.P. grew its stake in Bilibili by 46.3% in the 2nd quarter. Point72 Asset Management L.P. now owns 1,155,000 shares of the company’s stock worth $18,792,000 after buying an additional 365,300 shares in the last quarter. Hedge funds and other institutional investors own 28.61% 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. Bilibili Inc has a strategic collaboration agreement with Tencent Holdings Limited for sharing and operating existing and additional anime and games on its platform in China.
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