Bilibili (NASDAQ:BILI) Shares Gap Up - Should You Buy?

Key Points

• Bilibili's stock price gapped up from a close of $25.45 to an opening of $26.90 on Monday, with the last traded price at $26.79.
• Wall Street analysts have shown mixed sentiments, with upgrades from several firms, including a "buy" rating from Wall Street Zen, and a downgrade from JPMorgan Chase, adjusting the price target to $24.00.
• Institutional ownership has increased, with hedge funds acquiring significant positions, resulting in 16.08% of Bilibili's stock now owned by institutional investors.

Shares of Bilibili Inc. Sponsored ADR (NASDAQ:BILI - Get Free Report) gapped up before the market opened on Monday . The stock had previously closed at $25.45, but opened at $26.90. Bilibili shares last traded at $26.79, with a volume of 1,480,265 shares.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. Wall Street Zen upgraded Bilibili from a "hold" rating to a "buy" rating in a report on Saturday, August 23rd. JPMorgan Chase & Co. cut Bilibili from an "overweight" rating to a "neutral" rating and raised their price objective for the stock from $21.00 to $24.00 in a report on Monday, July 28th. HSBC reiterated a "buy" rating on shares of Bilibili in a report on Tuesday, July 15th. Hsbc Global Res upgraded Bilibili to a "strong-buy" rating in a report on Wednesday, May 21st. Finally, Benchmark reduced their target price on Bilibili from $30.00 to $28.00 and set a "buy" rating on the stock in a report on Friday, August 22nd. Two investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, Bilibili has an average rating of "Moderate Buy" and an average price target of $24.91.

Bilibili Stock Performance

The stock has a 50 day simple moving average of $23.40 and a 200 day simple moving average of $20.57. The company has a market cap of $11.45 billion, a price-to-earnings ratio of 388.39 and a beta of 0.94. The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 0.57.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. SVB Wealth LLC acquired a new position in shares of Bilibili during the first quarter worth about $31,000. FNY Investment Advisers LLC acquired a new position in shares of Bilibili during the first quarter worth about $57,000. Brooklyn Investment Group lifted 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 purchasing an additional 3,187 shares in the last quarter. Banque Transatlantique SA acquired a new position in shares of Bilibili during the first quarter worth about $80,000. Finally, Advisors Asset Management Inc. lifted its stake in shares of Bilibili by 16.6% during the first 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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