Bilibili (NASDAQ:BILI) Shares Up 4.3% – Still a Buy?

Bilibili Inc. (NASDAQ:BILI)’s stock price traded up 4.3% during trading on Tuesday . The company traded as high as $21.21 and last traded at $21.08. 3,330,815 shares changed hands during trading, a decline of 55% from the average session volume of 7,327,195 shares. The stock had previously closed at $20.22.

Wall Street Analysts Forecast Growth

BILI has been the subject of a number of research analyst reports. Nomura raised shares of Bilibili from a “neutral” rating to a “buy” rating and set a $18.00 target price for the company in a research note on Thursday, August 22nd. Nomura Securities upgraded shares of Bilibili from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 22nd. Daiwa America cut Bilibili from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 3rd. Daiwa Capital Markets cut shares of Bilibili from an “outperform” rating to a “neutral” rating in a research report on Thursday, October 3rd. Finally, Barclays raised shares of Bilibili from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $14.00 to $19.00 in a report on Friday, August 23rd. Five analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $17.83.

Bilibili Trading Up 1.3 %

The company has a fifty day moving average price of $17.87 and a two-hundred day moving average price of $15.76. The firm has a market cap of $8.46 billion, a P/E ratio of -12.11 and a beta of 0.86.

Bilibili (NASDAQ:BILI) last announced its quarterly earnings results on Thursday, August 22nd. The company reported ($0.65) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.55). The company had revenue of $6.13 billion during the quarter, compared to the consensus estimate of $6.10 billion. Bilibili had a negative net margin of 16.71% and a negative return on equity of 22.44%. The business’s quarterly revenue was up 15.5% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.43) EPS. As a group, sell-side analysts expect that Bilibili Inc. will post -0.37 EPS for the current year.

Hedge Funds Weigh In On Bilibili

Several hedge funds have recently made changes to their positions in BILI. Quarry LP acquired a new position in Bilibili during the second quarter valued at approximately $29,336,000. OLD Mission Capital LLC acquired a new stake in shares of Bilibili in the 1st quarter valued at approximately $14,849,000. Cubist Systematic Strategies LLC grew its stake in shares of Bilibili by 385.3% in the second quarter. Cubist Systematic Strategies LLC now owns 981,969 shares of the company’s stock valued at $15,162,000 after buying an additional 779,614 shares in the last quarter. Point72 Hong Kong Ltd bought a new position in shares of Bilibili in the second quarter valued at $11,490,000. Finally, SIH Partners LLLP increased its holdings in Bilibili by 145.9% during the second quarter. SIH Partners LLLP now owns 1,195,420 shares of the company’s stock worth $18,457,000 after buying an additional 709,200 shares during the last quarter. 16.08% of the stock is owned by institutional investors.

Bilibili Company Profile

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.