Bilibili (NASDAQ:BILI) Sees Unusually-High Trading Volume - Time to Buy?

Key Points

• Bilibili shares rose 1.7% to $15.225 amid elevated trading activity, with about 1.84 million shares changing hands—36% below the prior session’s volume.
• Analyst sentiment remains positive: nine analysts rate the stock Buy and one rates it Hold, producing a consensus “Moderate Buy” rating and a $29.70 price target.
• Bilibili reported quarterly revenue of $1.17 billion and EPS of $0.23, while institutional investors own 16.08% of the company and several funds recently increased their positions.

Shares of Bilibili Inc. Sponsored ADR (NASDAQ:BILI - Get Free Report) saw unusually-high trading volume on Monday. Approximately 1,844,820 shares were traded during mid-day trading, a decline of 36% from the previous session's volume of 2,869,202 shares. The stock last traded at $15.2250 and had previously closed at $14.90.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Piper Sandler set a $29.00 price target on shares of Bilibili in a research report on Friday, August 28th. BNP Paribas Exane began coverage on shares of Bilibili in a report on Tuesday, September 22nd. They set an "outperform" rating and a $23.00 price objective on the stock. Benchmark reissued a "buy" rating on shares of Bilibili in a research note on Friday, August 28th. Weiss Ratings upgraded Bilibili from a "sell (d+)" rating to a "hold (c-)" rating in a report on Monday, August 31st. Finally, Morgan Stanley reaffirmed an "overweight" rating and set a $27.00 target price on shares of Bilibili in a research report on Thursday, August 27th. Nine analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, Bilibili has a consensus rating of "Moderate Buy" and a consensus target price of $29.70.

Bilibili Trading Up 1.7%

The company has a 50 day moving average of $16.79 and a two-hundred day moving average of $19.23. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.32 and a current ratio of 1.32. The stock has a market capitalization of $6.29 billion, a PE ratio of 30.93, a P/E/G ratio of 1.25 and a beta of 0.71.

Bilibili (NASDAQ:BILI - Get Free Report) last issued its earnings results on Saturday, August 15th. The company reported $0.23 earnings per share (EPS) for the quarter. The company had revenue of $1.17 billion during the quarter. Bilibili had a return on equity of 11.42% and a net margin of 4.88%. Sell-side analysts predict that Bilibili Inc. Sponsored ADR will post 0.64 EPS for the current year.

Institutional Investors Weigh In On Bilibili

A number of institutional investors and hedge funds have recently modified their holdings of BILI. Nykredit A S purchased a new stake in Bilibili in the second quarter valued at approximately $110,000. Corient Private Wealth LP increased its holdings in Bilibili by 79.2% in the 2nd quarter. Corient Private Wealth LP now owns 21,329 shares of the company's stock worth $363,000 after buying an additional 9,427 shares during the period. XY Capital Ltd raised its position in Bilibili by 148.1% during the 2nd quarter. XY Capital Ltd now owns 253,880 shares of the company's stock worth $4,324,000 after buying an additional 151,563 shares during the last quarter. Headlands Technologies LLC purchased a new position in Bilibili during the 2nd quarter worth approximately $903,000. Finally, EverSource Wealth Advisors LLC lifted its stake in Bilibili by 76.6% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,628 shares of the company's stock valued at $37,000 after acquiring an additional 706 shares during the period. Institutional investors and hedge funds own 16.08% of the company's stock.

About Bilibili

Bilibili Inc NASDAQ: BILI operates an online entertainment platform in China focused on video content and community engagement. The company is known for serving younger audiences and for its strong roots in anime, comics and games, while also offering content covering entertainment, lifestyle, knowledge, technology and other interests.

Its platform includes professionally produced and user-generated videos, live streaming, mobile games and other value-added services. Bilibili also generates revenue through advertising, paid memberships, game publishing and distribution, and related digital content and merchandise activities.

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