Bilibili (NASDAQ:BILI) Stock Price Up 2.4%

Bilibili Inc. (NASDAQ:BILI)’s share price rose 2.4% during mid-day trading on Monday . The stock traded as high as $15.94 and last traded at $15.87. Approximately 2,884,653 shares were traded during mid-day trading, a decline of 58% from the average daily volume of 6,897,700 shares. The stock had previously closed at $15.50.

Analyst Upgrades and Downgrades

BILI has been the topic of several analyst reports. UBS Group raised shares of Bilibili from a “neutral” rating to a “buy” rating and boosted their price target for the company from $11.90 to $18.00 in a report on Friday, May 31st. Barclays raised Bilibili from an “underweight” rating to an “equal weight” rating and boosted their price objective for the stock from $10.00 to $14.00 in a report on Friday, May 24th. Benchmark boosted their price objective on Bilibili from $15.00 to $16.00 and gave the stock a “buy” rating in a report on Friday, May 24th. JPMorgan Chase & Co. raised Bilibili from a “neutral” rating to an “overweight” rating and set a $21.00 price target for the company in a research note on Tuesday, June 18th. Finally, Mizuho increased their target price on Bilibili from $15.00 to $17.00 and gave the stock a “buy” rating in a research note on Friday, May 10th. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $17.01.

Bilibili Stock Performance

The company has a market cap of $6.62 billion, a price-to-earnings ratio of -9.28 and a beta of 0.85. The firm has a fifty day moving average price of $15.50 and a 200 day moving average price of $12.96.

Bilibili (NASDAQ:BILI) last released its quarterly earnings data on Thursday, May 23rd. The company reported ($0.24) EPS for the quarter, beating the consensus estimate of ($0.26) by $0.02. The company had revenue of $791.16 million during the quarter, compared to the consensus estimate of $775.06 million. Bilibili had a negative return on equity of 26.46% and a negative net margin of 21.41%. On average, analysts expect that Bilibili Inc. will post -0.46 EPS for the current fiscal year.

Institutional Investors Weigh In On Bilibili

Several hedge funds have recently added to or reduced their stakes in BILI. OLD Mission Capital LLC bought a new position in Bilibili during the 1st quarter worth $14,849,000. XY Capital Ltd bought a new position in shares of Bilibili in the first quarter worth $6,632,000. SIH Partners LLLP increased its position in shares of Bilibili by 761.2% in the first quarter. SIH Partners LLLP now owns 486,220 shares of the company’s stock worth $5,446,000 after purchasing an additional 429,760 shares during the period. Yong Rong HK Asset Management Ltd increased its position in shares of Bilibili by 33.3% in the second quarter. Yong Rong HK Asset Management Ltd now owns 400,000 shares of the company’s stock worth $6,176,000 after purchasing an additional 100,000 shares during the period. Finally, Janus Henderson Group PLC bought a new position in shares of Bilibili in the first quarter worth $3,918,000. Institutional investors and hedge funds own 16.08% of the company’s stock.

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.