Bilibili (NASDAQ:BILI) Shares Gap Up to $11.08

Bilibili Inc. (NASDAQ:BILI) shares gapped up before the market opened on Tuesday . The stock had previously closed at $11.08, but opened at $11.42. Bilibili shares last traded at $11.71, with a volume of 1,187,224 shares trading hands.

Analyst Ratings Changes

BILI has been the subject of a number of recent analyst reports. Daiwa Capital Markets lowered shares of Bilibili from a “buy” rating to a “neutral” rating in a report on Friday, January 19th. Mizuho lowered their price target on shares of Bilibili from $18.00 to $16.00 and set a “buy” rating for the company in a report on Wednesday, January 17th. JPMorgan Chase & Co. raised shares of Bilibili from an “underweight” rating to a “neutral” rating and raised their price target for the company from $10.00 to $11.00 in a report on Monday, March 11th. Finally, Citigroup lowered shares of Bilibili from a “buy” rating to a “neutral” rating and lowered their price target for the company from $18.00 to $12.50 in a report on Monday, March 11th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $15.26.

Bilibili Stock Performance

The company has a market capitalization of $4.81 billion, a price-to-earnings ratio of -7.12 and a beta of 0.99. The company’s fifty day simple moving average is $10.72 and its two-hundred day simple moving average is $11.81.

Bilibili (NASDAQ:BILI) last posted its quarterly earnings results on Thursday, March 7th. The company reported ($0.28) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.25) by ($0.03). Bilibili had a negative return on equity of 28.12% and a negative net margin of 21.34%. The business had revenue of $881.13 million during the quarter, compared to the consensus estimate of $891.61 million. Sell-side analysts anticipate that Bilibili Inc. will post -0.49 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. First Beijing Investment Ltd bought a new position in shares of Bilibili in the 2nd quarter worth about $29,929,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Bilibili in the 3rd quarter worth about $3,043,000. SG Americas Securities LLC lifted its position in shares of Bilibili by 102.0% in the 4th quarter. SG Americas Securities LLC now owns 80,257 shares of the company’s stock worth $977,000 after buying an additional 40,523 shares during the last quarter. XY Capital Ltd bought a new position in shares of Bilibili in the 3rd quarter worth about $1,488,000. Finally, Artisan Partners Limited Partnership lifted its position in shares of Bilibili by 3.9% in the 3rd quarter. Artisan Partners Limited Partnership now owns 3,790,190 shares of the company’s stock worth $52,191,000 after buying an additional 143,881 shares during the last quarter. 16.08% of the stock is currently owned by institutional investors.

Bilibili Company Profile

Bilibili Inc provides online entertainment services for the young generations in the People's Republic of China. Its platform offers a range of content, including video services, mobile games, and value-added service, as well as ACG-related comic and audio content. The company's video services include professional user generated videos, occupationally generated videos, live broadcasting, and story mode.