Bilibili (NASDAQ:BILI) Shares Gap Up to $12.73

Bilibili Inc. (NASDAQ:BILI - Get Free Report) gapped up prior to trading on Thursday . The stock had previously closed at $12.73, but opened at $13.73. Bilibili shares last traded at $14.09, with a volume of 3,823,577 shares.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on BILI shares. Daiwa Capital Markets lowered shares of Bilibili from a "buy" rating to a "neutral" rating in a report on Friday, January 19th. Mizuho dropped their price objective on Bilibili from $18.00 to $16.00 and set a "buy" rating on the stock in a research note on Wednesday, January 17th. JPMorgan Chase & Co. raised Bilibili from an "underweight" rating to a "neutral" rating and lifted their target price for the company from $10.00 to $11.00 in a research report on Monday, March 11th. Finally, Citigroup lowered shares of Bilibili from a "buy" rating to a "neutral" rating and lowered their price objective for the stock from $18.00 to $12.50 in a research note on Monday, March 11th. One investment 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's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $15.26.

Bilibili Trading Up 15.6 %

The business's 50-day simple moving average is $11.34 and its 200-day simple moving average is $11.64. The company has a market capitalization of $6.07 billion, a PE ratio of -8.85 and a beta of 0.96.

Bilibili (NASDAQ:BILI - Get Free Report) last issued 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). The business had revenue of $881.13 million for the quarter, compared to analysts' expectations of $891.61 million. Bilibili had a negative return on equity of 28.12% and a negative net margin of 21.34%. Sell-side analysts forecast that Bilibili Inc. will post -0.55 EPS for the current fiscal year.

Hedge Funds Weigh In On Bilibili

A number of institutional investors have recently modified their holdings of the stock. Artisan Partners Limited Partnership raised its position in Bilibili by 3.9% during the third quarter. Artisan Partners Limited Partnership now owns 3,790,190 shares of the company's stock valued at $52,191,000 after acquiring an additional 143,881 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in Bilibili by 30.7% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 687,069 shares of the company's stock worth $9,461,000 after purchasing an additional 161,396 shares in the last quarter. XY Capital Ltd acquired a new stake in shares of Bilibili during the 1st quarter worth approximately $6,632,000. BNP Paribas Financial Markets increased its holdings in shares of Bilibili by 62.6% during the 1st quarter. BNP Paribas Financial Markets now owns 310,999 shares of the company's stock valued at $3,483,000 after purchasing an additional 119,747 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd increased its holdings in shares of Bilibili by 71.2% during the 3rd quarter. Harvest Fund Management Co. Ltd now owns 288,649 shares of the company's stock valued at $3,972,000 after purchasing an additional 120,000 shares in the last quarter. 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.