Bilibili (NASDAQ:BILI) Shares Gap Up – Here’s What Happened

Bilibili Inc. Sponsored ADR (NASDAQ:BILI)’s share price gapped up prior to trading on Monday . The stock had previously closed at $24.70, but opened at $26.07. Bilibili shares last traded at $26.4340, with a volume of 835,538 shares.

Analyst Ratings Changes

Several research analysts have commented on the stock. Barclays lifted their price objective on shares of Bilibili from $28.00 to $34.00 and gave the stock an “overweight” rating in a research note on Friday, November 14th. Citigroup boosted their target price on Bilibili from $25.00 to $27.00 and gave the company a “neutral” rating in a research report on Friday, November 14th. Wall Street Zen raised Bilibili from a “hold” rating to a “buy” rating in a research note on Sunday, November 16th. Benchmark raised their price target on Bilibili from $28.00 to $29.00 and gave the stock a “buy” rating in a research note on Friday, November 14th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Bilibili in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $29.17.

Bilibili Stock Down 1.9%

The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 0.54. The stock has a market cap of $11.15 billion, a P/E ratio of 106.72 and a beta of 0.97. The company’s 50 day moving average price is $27.75 and its two-hundred day moving average price is $23.90.

Institutional Trading of Bilibili

Hedge funds have recently added to or reduced their stakes in the business. SVB Wealth LLC purchased a new position in Bilibili during the 1st quarter valued at about $31,000. Brooklyn Investment Group raised its stake in Bilibili by 10,989.7% in the first quarter. Brooklyn Investment Group now owns 3,216 shares of the company’s stock worth $61,000 after buying an additional 3,187 shares in the last quarter. Farther Finance Advisors LLC lifted its holdings in Bilibili by 226.9% during the third quarter. Farther Finance Advisors LLC now owns 2,187 shares of the company’s stock worth $61,000 after buying an additional 1,518 shares during the period. Banque Transatlantique SA purchased a new position in shares of Bilibili in the 1st quarter valued at $80,000. Finally, Advisors Asset Management Inc. increased its holdings in shares of Bilibili by 16.6% in the 1st quarter. Advisors Asset Management Inc. now owns 5,280 shares of the company’s stock valued at $101,000 after acquiring an additional 751 shares during the period. 16.08% of the stock is owned by hedge funds and other 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.