Bilibili (NASDAQ:BILI) Shares Gap Up Following Analyst Upgrade

Shares of Bilibili Inc. (NASDAQ:BILI - Get Free Report) gapped up prior to trading on Monday after Mizuho raised their price target on the stock from $15.00 to $17.00. The stock had previously closed at $14.07, but opened at $14.72. Mizuho currently has a buy rating on the stock. Bilibili shares last traded at $15.53, with a volume of 3,810,916 shares trading hands.

A number of other research analysts also recently issued reports on BILI. JPMorgan Chase & Co. upgraded shares of Bilibili from an "underweight" rating to a "neutral" rating and lifted their price target for the stock from $10.00 to $11.00 in a research note on Monday, March 11th. Daiwa Capital Markets downgraded shares of Bilibili from a "buy" rating to a "neutral" rating in a research report on Friday, January 19th. Finally, Citigroup downgraded shares of Bilibili from a "buy" rating to a "neutral" rating and reduced their price objective for the stock from $18.00 to $12.50 in a research report on Monday, March 11th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $15.37.

Institutional Trading of Bilibili

Several institutional investors and hedge funds have recently bought and sold shares of BILI. Mizuho Securities Co. Ltd. purchased a new stake in Bilibili in the 4th quarter valued at $55,000. Parallel Advisors LLC raised its position in Bilibili by 62.6% in the 4th quarter. Parallel Advisors LLC now owns 4,503 shares of the company's stock valued at $55,000 after purchasing an additional 1,734 shares during the last quarter. Tower Research Capital LLC TRC raised its position in 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 last quarter. Daiwa Securities Group Inc. raised its position in 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 last quarter. Finally, Headlands Technologies LLC purchased a new position in Bilibili during the 4th quarter worth $100,000. Hedge funds and other institutional investors own 16.08% of the company's stock.

Bilibili Stock Up 12.4 %

The company's fifty day moving average price is $12.05 and its two-hundred day moving average price is $11.71. The firm has a market cap of $6.52 billion, a PE ratio of -9.64 and a beta of 0.96.

Bilibili (NASDAQ:BILI - Get Free Report) last announced its quarterly earnings data on Thursday, March 7th. The company reported ($0.28) earnings per share 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 business had revenue of $881.13 million during the quarter, compared to analysts' expectations of $891.61 million. As a group, analysts predict that Bilibili Inc. will post -0.55 earnings per share for the current year.

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.