Bilibili (NASDAQ:BILI) Stock Price Up 5.7%

Bilibili Inc. (NASDAQ:BILI)’s stock price traded up 5.7% on Thursday . The stock traded as high as $12.39 and last traded at $12.34. 1,174,728 shares changed hands during trading, a decline of 83% from the average session volume of 7,065,662 shares. The stock had previously closed at $11.68.

Wall Street Analysts Forecast Growth

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

Bilibili Stock Down 6.1 %

The stock’s 50-day simple moving average is $10.83 and its 200 day simple moving average is $11.80. The firm has a market cap of $4.73 billion, a P/E ratio of -7.00 and a beta of 0.99.

Bilibili (NASDAQ:BILI) last announced its earnings results on Thursday, March 7th. The company reported ($0.28) EPS for the quarter, missing the consensus estimate of ($0.25) by ($0.03). Bilibili had a negative net margin of 21.34% and a negative return on equity of 28.12%. The business had revenue of $881.13 million for the quarter, compared to the consensus estimate of $891.61 million. On average, research analysts forecast that Bilibili Inc. will post -0.54 earnings per share for the current fiscal year.

Institutional Trading of Bilibili

Hedge funds have recently modified their holdings of the stock. Renaissance Technologies LLC boosted its stake in Bilibili by 184.3% during the first quarter. Renaissance Technologies LLC now owns 2,076,066 shares of the company’s stock worth $48,788,000 after acquiring an additional 1,345,900 shares in the last quarter. Morgan Stanley boosted its position in shares of Bilibili by 47.6% during the 3rd quarter. Morgan Stanley now owns 3,174,384 shares of the company’s stock worth $43,711,000 after purchasing an additional 1,023,650 shares in the last quarter. Two Sigma Investments LP acquired a new stake in shares of Bilibili in the 4th quarter valued at about $8,914,000. BNP Paribas Arbitrage SNC increased its position in Bilibili by 155.8% in the 3rd quarter. BNP Paribas Arbitrage SNC now owns 613,854 shares of the company’s stock valued at $9,404,000 after buying an additional 373,911 shares in the last quarter. Finally, Bridgewater Associates LP increased its position in Bilibili by 48.6% in the 1st quarter. Bridgewater Associates LP now owns 1,099,588 shares of the company’s stock valued at $28,127,000 after buying an additional 359,842 shares in the last quarter. Institutional investors own 16.08% of the company’s stock.

About Bilibili

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.