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.

Bilibili (NASDAQ:BILI) last posted its earnings results on Monday, November 18th. The company reported ($1.05) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.18) by ($0.87). Bilibili had a negative return on equity of 14.01% and a negative net margin of 18.27%. The business had revenue of $1.86 billion for the quarter, compared to analysts’ expectations of $1.76 billion. During the same quarter in the previous year, the firm earned ($0.72) earnings per share. Bilibili’s quarterly revenue was up 72.3% compared to the same quarter last year. Research analysts anticipate that Bilibili Inc – will post -0.57 EPS for the current year.

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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