Bilibili (NASDAQ:BILI) Trading 6.4% Higher – What’s Next?

Shares of Bilibili Inc. (NASDAQ:BILI) were up 6.4% during trading on Friday . The company traded as high as $23.37 and last traded at $23.70. Approximately 730,096 shares changed hands during trading, a decline of 90% from the average daily volume of 7,043,789 shares. The stock had previously closed at $22.28.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on BILI shares. Mizuho upped their price target on Bilibili from $17.00 to $21.00 and gave the stock an “outperform” rating in a report on Tuesday, November 12th. Nomura Securities lowered Bilibili from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 25th. Barclays upped their price target on Bilibili from $24.00 to $25.00 and gave the stock an “overweight” rating in a report on Friday, February 21st. Finally, Benchmark upped their target price on Bilibili from $24.00 to $30.00 and gave the company a “buy” rating in a research note on Friday, February 21st. Four research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Bilibili presently has an average rating of “Moderate Buy” and an average price target of $20.33.

Bilibili Stock Up 8.2 %

The business has a 50-day simple moving average of $18.65 and a two-hundred day simple moving average of $19.12. The stock has a market capitalization of $9.99 billion, a P/E ratio of -53.56 and a beta of 0.93. The company has a quick ratio of 1.05, a current ratio of 1.34 and a debt-to-equity ratio of 0.23.

Bilibili (NASDAQ:BILI) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.05 earnings per share for the quarter, beating analysts’ consensus estimates of $0.03 by $0.02. Bilibili had a negative return on equity of 8.23% and a negative net margin of 5.01%. The firm had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.05 billion. Equities research analysts forecast that Bilibili Inc. will post 0.16 earnings per share for the current fiscal year.

Institutional Trading of Bilibili

Large investors have recently bought and sold shares of the stock. Assetmark Inc. bought a new stake in shares of Bilibili during the third quarter worth $159,000. Venturi Wealth Management LLC bought a new stake in shares of Bilibili during the third quarter worth $63,000. KBC Group NV grew its holdings in shares of Bilibili by 90.9% during the third quarter. KBC Group NV now owns 10,683 shares of the company’s stock worth $250,000 after purchasing an additional 5,086 shares during the last quarter. Natixis Advisors LLC bought a new stake in shares of Bilibili during the third quarter worth $272,000. Finally, Vaughan Nelson Investment Management L.P. bought a new stake in shares of Bilibili during the third quarter worth $1,189,000. 16.08% of the stock is currently owned by institutional investors.

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.