Bilibili (NASDAQ:BILI) Trading Up 4.2%

Bilibili Inc. (NASDAQ:BILI) was up 4.2% during mid-day trading on Tuesday . The stock traded as high as $15.30 and last traded at $15.28. Approximately 501,061 shares changed hands during mid-day trading, a decline of 92% from the average daily volume of 6,662,748 shares. The stock had previously closed at $14.67.

Wall Street Analysts Forecast Growth

BILI has been the subject of a number of analyst reports. Nomura Securities upgraded Bilibili from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 22nd. Nomura raised shares of Bilibili from a “neutral” rating to a “buy” rating and set a $18.00 price target for the company in a report on Thursday, August 22nd. Daiwa Capital Markets raised shares of Bilibili from a “neutral” rating to an “outperform” rating in a report on Thursday, August 22nd. Benchmark boosted their target price on shares of Bilibili from $15.00 to $16.00 and gave the company a “buy” rating in a research note on Friday, May 24th. Finally, UBS Group upgraded shares of Bilibili from a “neutral” rating to a “buy” rating and upped their target price for the stock from $11.90 to $18.00 in a research report on Friday, May 31st. Three equities research analysts have rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $16.91.

Bilibili Price Performance

The company has a fifty day moving average price of $14.84 and a two-hundred day moving average price of $14.03. The firm has a market cap of $6.12 billion, a price-to-earnings ratio of -8.88 and a beta of 0.83.

Bilibili (NASDAQ:BILI) last posted its quarterly earnings results on Thursday, August 22nd. The company reported ($0.65) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.10) by ($0.55). The business had revenue of $6.13 billion during the quarter, compared to analyst estimates of $6.10 billion. Bilibili had a negative return on equity of 22.44% and a negative net margin of 16.71%. The company’s quarterly revenue was up 15.5% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.43) EPS. On average, research analysts expect that Bilibili Inc. will post -0.4 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Bilibili

Several hedge funds have recently modified their holdings of BILI. Quarry LP acquired a new position in Bilibili during the second quarter valued at $29,336,000. OLD Mission Capital LLC acquired a new stake in shares of Bilibili during the 1st quarter valued at $14,849,000. Cubist Systematic Strategies LLC grew its holdings in shares of Bilibili by 385.3% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 981,969 shares of the company’s stock valued at $15,162,000 after acquiring an additional 779,614 shares in the last quarter. Point72 Hong Kong Ltd acquired a new position in shares of Bilibili in the second quarter worth $11,490,000. Finally, SIH Partners LLLP raised its holdings in shares of Bilibili by 145.9% during the second quarter. SIH Partners LLLP now owns 1,195,420 shares of the company’s stock worth $18,457,000 after acquiring an additional 709,200 shares in the last quarter. 16.08% of the stock is owned by hedge funds and other institutional investors.

About Bilibili

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.