Bilibili (NASDAQ:BILI) Shares Gap Up – What’s Next?

Bilibili Inc. Sponsored ADR (NASDAQ:BILI)’s stock price gapped up prior to trading on Friday . The stock had previously closed at $24.59, but opened at $25.91. Bilibili shares last traded at $26.0830, with a volume of 803,423 shares.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on BILI shares. JPMorgan Chase & Co. increased their price objective on Bilibili from $24.00 to $27.00 and gave the company a “neutral” rating in a report on Tuesday, November 18th. Barclays upped their target price on Bilibili from $28.00 to $34.00 and gave the stock an “overweight” rating in a research report on Friday, November 14th. Benchmark lifted their price target on shares of Bilibili from $28.00 to $29.00 and gave the company a “buy” rating in a research report on Friday, November 14th. Wall Street Zen upgraded shares of Bilibili from a “hold” rating to a “buy” rating in a research note on Sunday, November 16th. Finally, Citigroup raised their target price on shares of Bilibili from $25.00 to $27.00 and gave the company a “neutral” rating in a research note on Friday, November 14th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $29.61.

Bilibili Stock Performance

The firm’s 50 day moving average price is $26.44 and its 200-day moving average price is $25.02. The firm has a market cap of $11.00 billion, a price-to-earnings ratio of 104.72 and a beta of 0.66. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.64 and a quick ratio of 1.64.

Institutional Investors Weigh In On Bilibili

Institutional investors have recently added to or reduced their stakes in the company. Russell Investments Group Ltd. raised its holdings in Bilibili by 0.3% in the 3rd quarter. Russell Investments Group Ltd. now owns 173,458 shares of the company’s stock valued at $4,872,000 after acquiring an additional 489 shares in the last quarter. Signaturefd LLC lifted its position in Bilibili by 5.6% in the third quarter. Signaturefd LLC now owns 9,538 shares of the company’s stock worth $268,000 after purchasing an additional 503 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its position in Bilibili by 7.7% in the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 9,970 shares of the company’s stock worth $214,000 after purchasing an additional 709 shares during the period. Geode Capital Management LLC boosted its stake in Bilibili by 0.7% during the second quarter. Geode Capital Management LLC now owns 103,666 shares of the company’s stock worth $2,224,000 after buying an additional 713 shares in the last quarter. Finally, Laird Norton Wetherby Wealth Management LLC increased its holdings in Bilibili by 3.3% in the 3rd quarter. Laird Norton Wetherby Wealth Management LLC now owns 22,170 shares of the company’s stock valued at $623,000 after buying an additional 718 shares during the period. 16.08% of the stock is owned by institutional investors and hedge funds.

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.