Bilibili (NASDAQ:BILI) Shares Gap Up to $24.99

Bilibili Inc – (NASDAQ:BILI) shares gapped up before the market opened on Monday . The stock had previously closed at $24.09, but opened at $24.99. Bilibili shares last traded at $24.99, with a volume of 7,705,200 shares changing hands.

Several equities analysts recently issued reports on the company. Citigroup restated a “buy” rating on shares of Bilibili in a research note on Friday, January 3rd. ValuEngine upgraded Bilibili from a “sell” rating to a “hold” rating in a research note on Friday, January 10th. Nomura boosted their price target on Bilibili from $18.00 to $20.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Morgan Stanley lowered Bilibili from an “overweight” rating to an “equal weight” rating and set a $24.00 price target on the stock. in a research note on Thursday, January 9th. Finally, Zacks Investment Research downgraded Bilibili from a “hold” rating to a “sell” rating in a report on Wednesday, January 22nd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have issued a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $20.04.

The company has a quick ratio of 2.61, a current ratio of 2.61 and a debt-to-equity ratio of 0.43. The business has a fifty day simple moving average of $21.89 and a two-hundred day simple moving average of $17.04. The company has a market capitalization of $7.07 billion, a price-to-earnings ratio of -51.96 and a beta of 1.81.

Bilibili (NASDAQ:BILI) last released its quarterly earnings data on Monday, November 18th. The company reported ($1.05) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.18) by ($0.87). The company had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.76 billion. Bilibili had a negative net margin of 18.27% and a negative return on equity of 14.01%. The firm’s revenue for the quarter was up 72.3% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.72) earnings per share. As a group, equities analysts predict that Bilibili Inc – will post -0.57 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BILI. BlackRock Inc. boosted its holdings in Bilibili by 43.4% during the second quarter. BlackRock Inc. now owns 1,265,496 shares of the company’s stock valued at $20,590,000 after purchasing an additional 383,212 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of Bilibili by 8.7% in the 2nd quarter. Vanguard Group Inc. now owns 1,836,305 shares of the company’s stock worth $29,876,000 after acquiring an additional 146,735 shares in the last quarter. TB Alternative Assets Ltd. boosted its holdings in shares of Bilibili by 9.3% in the 3rd quarter. TB Alternative Assets Ltd. now owns 1,822,282 shares of the company’s stock worth $25,731,000 after acquiring an additional 155,100 shares in the last quarter. TradeLink Capital LLC acquired a new position in shares of Bilibili in the 3rd quarter worth approximately $304,000. Finally, California Public Employees Retirement System boosted its holdings in shares of Bilibili by 60.7% in the 3rd quarter. California Public Employees Retirement System now owns 99,879 shares of the company’s stock worth $1,410,000 after acquiring an additional 37,735 shares in the last quarter. 28.61% of the stock is currently owned by institutional investors.

Bilibili Company Profile (NASDAQ:BILI)

Bilibili Inc provides online entertainment services for the young generations in the People's Republic of China. It offers a platform that covers a range of genres and media formats, including videos, live broadcasting, and mobile games. Bilibili Inc has a strategic collaboration agreement with Tencent Holdings Limited for sharing and operating existing and additional anime and games on its platform in China.

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