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

Bilibili Inc. (NASDAQ:BILI - Get Free Report)'s stock price 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 Ratings Changes

A number of research analysts have recently issued reports on BILI shares. Citigroup downgraded Bilibili from a "buy" rating to a "neutral" rating and cut their price target for the company 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 lifted their price objective for the stock from $10.00 to $11.00 in a research report on Monday, March 11th. Daiwa Capital Markets downgraded shares of Bilibili from a "buy" rating to a "neutral" rating in a research note on Friday, January 19th. Finally, Mizuho cut their price target on shares of Bilibili from $18.00 to $16.00 and set a "buy" rating on the stock in a report on Wednesday, January 17th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $15.26.

Bilibili Stock Performance

The stock has a 50 day moving average of $11.03 and a 200-day moving average of $11.67. The company has a market cap of $5.26 billion, a PE ratio of -7.77 and a beta of 0.99.

Bilibili (NASDAQ:BILI - Get Free Report) last issued its earnings results on Thursday, March 7th. The company reported ($0.28) EPS for the quarter, missing analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $891.61 million. Equities research analysts forecast that Bilibili Inc. will post -0.55 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the business. Ronald Blue Trust Inc. lifted its holdings in shares of Bilibili by 79.1% in the 3rd quarter. Ronald Blue Trust Inc. now owns 3,347 shares of the company's stock valued at $51,000 after buying an additional 1,478 shares during the period. Mizuho Securities Co. Ltd. acquired a new position in Bilibili in the fourth quarter valued at approximately $55,000. Parallel Advisors LLC grew its stake in shares of Bilibili by 62.6% during the 4th quarter. Parallel Advisors LLC now owns 4,503 shares of the company's stock worth $55,000 after purchasing an additional 1,734 shares during the period. Tower Research Capital LLC TRC lifted its stake in shares of Bilibili by 349.0% in the 4th quarter. Tower Research Capital LLC TRC now owns 6,703 shares of the company's stock valued at $82,000 after purchasing an additional 5,210 shares during the period. Finally, Daiwa Securities Group Inc. lifted its stake in shares of Bilibili by 29.1% in the 4th quarter. Daiwa Securities Group Inc. now owns 6,970 shares of the company's stock valued at $85,000 after purchasing an additional 1,569 shares during the period. Hedge funds and other institutional investors 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.