Bilibili (NASDAQ:BILI) Shares Gap Up - Here's What Happened

Key Points

• Bilibili's stock price gapped up before trading on Friday, opening at $23.30 compared to the previous close of $22.42, with current trading at $23.21 and a volume of 751,359 shares.
• Analyst ratings for Bilibili indicate a favorable outlook, with a total of 2 Strong Buy, 8 Buy, and 3 Hold ratings, and an average target price of $24.91.
• Institutional investors hold 16.08% of Bilibili's stock, with recent investments including significant stakes purchased by SVB Wealth LLC and Brooklyn Investment Group.

Bilibili Inc. Sponsored ADR (NASDAQ:BILI - Get Free Report)'s stock price gapped up prior to trading on Friday . The stock had previously closed at $22.42, but opened at $23.30. Bilibili shares last traded at $23.21, with a volume of 751,359 shares.

Analyst Upgrades and Downgrades

Several research analysts have commented on BILI shares. Benchmark reduced their price objective on Bilibili from $30.00 to $28.00 and set a "buy" rating on the stock in a report on Friday, August 22nd. Bank of America lifted their price objective on Bilibili from $25.00 to $27.00 and gave the company a "buy" rating in a report on Thursday, July 17th. Hsbc Global Res upgraded shares of Bilibili to a "strong-buy" rating in a report on Wednesday, May 21st. Barclays boosted their price target on shares of Bilibili from $25.00 to $28.00 and gave the company an "overweight" rating in a report on Friday, August 22nd. Finally, HSBC reissued a "buy" rating on shares of Bilibili in a report on Tuesday, July 15th. Two investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, Bilibili presently has an average rating of "Moderate Buy" and an average target price of $24.91.

Bilibili Stock Performance

The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 0.57. The stock has a market cap of $9.67 billion, a PE ratio of 330.99 and a beta of 0.94. The business's 50-day moving average price is $22.82 and its 200-day moving average price is $20.37.

Institutional Trading of Bilibili

Institutional investors have recently made changes to their positions in the business. SVB Wealth LLC purchased a new position in Bilibili during the 1st quarter worth $31,000. FNY Investment Advisers LLC acquired a new stake in Bilibili in the first quarter worth about $57,000. Brooklyn Investment Group grew its stake in shares of Bilibili by 10,989.7% during the first quarter. Brooklyn Investment Group now owns 3,216 shares of the company's stock worth $61,000 after acquiring an additional 3,187 shares during the last quarter. Banque Transatlantique SA acquired a new position in shares of Bilibili during the first quarter valued at about $80,000. Finally, Advisors Asset Management Inc. boosted its stake in Bilibili by 16.6% in the 1st quarter. Advisors Asset Management Inc. now owns 5,280 shares of the company's stock worth $101,000 after purchasing an additional 751 shares in the last quarter. Institutional investors and hedge funds own 16.08% of the company's stock.

Bilibili Company Profile

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.

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