Bilibili (NASDAQ:BILI) Sees Large Volume Increase – Time to Buy?

Bilibili Inc. Sponsored ADR (NASDAQ:BILI) shares saw an uptick in trading volume on Friday . Approximately 3,919,609 shares changed hands during trading, an increase of 40% from the previous session’s volume of 2,799,320 shares.The stock last traded at $15.4530 and had previously closed at $15.50.

Analyst Ratings Changes

A number of research analysts have issued reports on BILI shares. Piper Sandler set a $29.00 target price on Bilibili in a research report on Friday, August 28th. Benchmark reiterated a “buy” rating on shares of Bilibili in a research report on Friday, August 28th. Macquarie Infrastructure restated an “outperform” rating and issued a $30.00 target price on shares of Bilibili in a research report on Tuesday, May 19th. Weiss Ratings raised shares of Bilibili from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday. Finally, Morgan Stanley reiterated an “overweight” rating and set a $27.00 price target on shares of Bilibili in a report on Thursday, August 27th. Eight investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Bilibili has an average rating of “Moderate Buy” and an average price target of $30.44.

Bilibili Price Performance

The stock has a market capitalization of $6.36 billion, a price-to-earnings ratio of 31.36, a P/E/G ratio of 1.39 and a beta of 0.71. The company has a fifty day simple moving average of $17.54 and a 200 day simple moving average of $20.73. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.32 and a current ratio of 1.32.

Bilibili (NASDAQ:BILI) last issued its quarterly earnings results on Saturday, August 15th. The company reported $0.23 earnings per share (EPS) for the quarter. Bilibili had a net margin of 4.88% and a return on equity of 11.42%. The firm had revenue of $1.17 billion for the quarter. Equities research analysts forecast that Bilibili Inc. Sponsored ADR will post 0.6 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in BILI. Renaissance Technologies LLC boosted its stake in Bilibili by 121.1% during the 1st quarter. Renaissance Technologies LLC now owns 507,335 shares of the company’s stock valued at $11,445,000 after purchasing an additional 277,900 shares during the last quarter. Hsbc Holdings PLC lifted its holdings in shares of Bilibili by 230.5% in the first quarter. Hsbc Holdings PLC now owns 199,039 shares of the company’s stock valued at $4,458,000 after purchasing an additional 138,810 shares in the last quarter. Evergreen Quality Fund GP Ltd. purchased a new position in shares of Bilibili during the fourth quarter valued at approximately $1,377,000. MY.Alpha Management HK Advisors Ltd purchased a new position in shares of Bilibili during the fourth quarter valued at approximately $16,620,000. Finally, Persistent Asset Partners Ltd bought a new stake in Bilibili during the fourth quarter worth $738,000. 16.08% of the stock is owned by institutional investors.

About Bilibili

Bilibili (NASDAQ: BILI) is a leading Chinese online entertainment platform renowned for its focus on animation, comics and games (ACG) content. The company operates a video-sharing website where users can view, upload and comment on a wide range of content, from full-length anime episodes to user-generated short videos. In addition to on-demand streaming, Bilibili offers live broadcasting services that connect creators with fans through real-time interaction features such as “bullet comments” that flow across the screen.

Beyond its core video community, Bilibili generates revenue through multiple value-added services.