Bilibili (NASDAQ:BILI) Shares Gap Up to $11.49

Bilibili Inc. (NASDAQ:BILI) shares gapped up prior to trading on Wednesday . The stock had previously closed at $11.49, but opened at $12.41. Bilibili shares last traded at $12.69, with a volume of 5,964,459 shares.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. JPMorgan Chase & Co. upgraded Bilibili from an “underweight” rating to a “neutral” rating and upped their target price for the stock from $10.00 to $11.00 in a research report on Monday, March 11th. Daiwa Capital Markets cut Bilibili from a “buy” rating to a “neutral” rating in a report on Friday, January 19th. Mizuho dropped their price target on Bilibili from $18.00 to $16.00 and set a “buy” rating on the stock in a report on Wednesday, January 17th. Finally, Citigroup cut Bilibili from a “buy” rating to a “neutral” rating and dropped their price target for the company from $18.00 to $12.50 in a report on Monday, March 11th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $15.26.

Bilibili Stock Performance

The firm’s 50 day simple moving average is $11.13 and its 200-day simple moving average is $11.68. The company has a market capitalization of $5.15 billion, a price-to-earnings ratio of -7.62 and a beta of 0.99.

Bilibili (NASDAQ:BILI) last announced its earnings results on Thursday, March 7th. The company reported ($0.28) earnings per share (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 firm had revenue of $881.13 million for the quarter, compared to analyst estimates of $891.61 million. As a group, equities analysts anticipate that Bilibili Inc. will post -0.55 earnings per share for the current fiscal year.

Institutional Trading of Bilibili

Large investors have recently added to or reduced their stakes in the company. Mizuho Securities Co. Ltd. acquired a new stake in Bilibili during the 4th quarter valued at $55,000. Parallel Advisors LLC grew its holdings in shares of Bilibili by 62.6% during the 4th quarter. Parallel Advisors LLC now owns 4,503 shares of the company’s stock valued at $55,000 after acquiring an additional 1,734 shares in the last quarter. Tower Research Capital LLC TRC grew its holdings in shares of Bilibili by 349.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 6,703 shares of the company’s stock valued at $82,000 after acquiring an additional 5,210 shares in the last quarter. Daiwa Securities Group Inc. grew its holdings in shares of Bilibili by 29.1% during the 4th quarter. Daiwa Securities Group Inc. now owns 6,970 shares of the company’s stock valued at $85,000 after acquiring an additional 1,569 shares in the last quarter. Finally, Headlands Technologies LLC purchased a new position in shares of Bilibili during the 4th quarter valued at $100,000. 16.08% of the stock is owned by institutional investors and hedge funds.

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.