Bilibili (NASDAQ:BILI) Stock Price Up 5.4%

Bilibili Inc. (NASDAQ:BILI - Get Free Report) shares were up 5.4% during trading on Monday . The company traded as high as $11.55 and last traded at $11.50. Approximately 2,178,677 shares changed hands during trading, a decline of 68% from the average daily volume of 6,866,709 shares. The stock had previously closed at $10.91.

Analysts Set New Price Targets

A number of analysts have commented on BILI shares. Daiwa Capital Markets cut shares of Bilibili from a "buy" rating to a "neutral" rating in a research report on Friday, January 19th. Citigroup cut shares of Bilibili from a "buy" rating to a "neutral" rating and cut their price objective for the stock from $18.00 to $12.50 in a research report on Monday, March 11th. JPMorgan Chase & Co. raised shares of Bilibili from an "underweight" rating to a "neutral" rating and increased their price objective for the stock from $10.00 to $11.00 in a research report on Monday, March 11th. Finally, Mizuho cut their price objective on shares of Bilibili from $18.00 to $16.00 and set a "buy" rating on the stock in a research 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 stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of $15.26.

Bilibili Stock Performance

The stock has a market cap of $4.84 billion, a PE ratio of -7.16 and a beta of 0.99. The company's 50 day simple moving average is $10.99 and its 200 day simple moving average is $11.68.

Bilibili (NASDAQ:BILI - Get Free Report) last posted its quarterly earnings data on Thursday, March 7th. The company reported ($0.28) EPS for the quarter, missing the consensus estimate of ($0.25) by ($0.03). The firm had revenue of $881.13 million during the quarter, compared to analysts' expectations of $891.61 million. Bilibili had a negative net margin of 21.34% and a negative return on equity of 28.12%. Equities research analysts expect that Bilibili Inc. will post -0.54 earnings per share for the current year.

Institutional Investors Weigh In On Bilibili

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Ronald Blue Trust Inc. increased its stake in shares of Bilibili by 79.1% during the 3rd quarter. Ronald Blue Trust Inc. now owns 3,347 shares of the company's stock worth $51,000 after purchasing an additional 1,478 shares during the last quarter. Mizuho Securities Co. Ltd. purchased a new stake in shares of Bilibili during the 4th quarter worth approximately $55,000. Parallel Advisors LLC increased 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 last quarter. Tower Research Capital LLC TRC increased its stake in shares of Bilibili by 349.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 6,703 shares of the company's stock worth $82,000 after purchasing an additional 5,210 shares during the last quarter. Finally, Daiwa Securities Group Inc. increased its stake in shares of Bilibili by 29.1% during the 4th quarter. Daiwa Securities Group Inc. now owns 6,970 shares of the company's stock worth $85,000 after purchasing an additional 1,569 shares during 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.