Shares of Bilibili Inc. (NASDAQ:BILI – Get Free Report) gapped up prior to trading on Friday . The stock had previously closed at $12.93, but opened at $13.80. Bilibili shares last traded at $13.61, with a volume of 1,020,554 shares trading hands.
Analysts Set New Price Targets
BILI has been the topic of several research analyst reports. HSBC lowered their price target on Bilibili from $17.00 to $16.00 and set a “hold” rating on the stock in a report on Tuesday, July 25th. Citigroup lowered their price target on Bilibili from $24.00 to $22.00 in a report on Friday, August 18th. UBS Group lowered their price target on Bilibili from $23.00 to $22.00 and set a “buy” rating on the stock in a report on Friday, August 18th. Benchmark reissued a “buy” rating and set a $35.00 price target on shares of Bilibili in a report on Friday, August 18th. Finally, Barclays lowered their price target on Bilibili from $16.00 to $15.00 and set an “equal weight” rating on the stock in a report on Friday, August 18th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Bilibili currently has a consensus rating of “Hold” and an average target price of $20.56.
View Our Latest Stock Report on Bilibili
Bilibili Price Performance
Bilibili (NASDAQ:BILI – Get Free Report) last issued its quarterly earnings data on Thursday, August 17th. The company reported ($2.33) earnings per share for the quarter, beating analysts’ consensus estimates of ($2.52) by $0.19. The firm had revenue of $5.30 billion during the quarter, compared to analyst estimates of $5.31 billion. Bilibili had a negative return on equity of 37.46% and a negative net margin of 24.04%. The business’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same quarter last year, the business posted ($0.85) earnings per share. Equities analysts anticipate that Bilibili Inc. will post -1.52 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in BILI. Point72 Middle East FZE bought a new position in shares of Bilibili in the 2nd quarter valued at about $25,000. PNC Financial Services Group Inc. lifted its holdings in shares of Bilibili by 382.2% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,027 shares of the company’s stock valued at $27,000 after acquiring an additional 814 shares during the last quarter. 1832 Asset Management L.P. bought a new position in shares of Bilibili in the 4th quarter valued at about $62,000. Newbridge Financial Services Group Inc. lifted its holdings in shares of Bilibili by 1,026.0% in the 1st quarter. Newbridge Financial Services Group Inc. now owns 2,815 shares of the company’s stock valued at $66,000 after acquiring an additional 2,565 shares during the last quarter. Finally, Daiwa Securities Group Inc. lifted its holdings in shares of Bilibili by 24.4% in the 1st quarter. Daiwa Securities Group Inc. now owns 3,299 shares of the company’s stock valued at $78,000 after acquiring an additional 648 shares during the last quarter. Institutional investors own 16.08% of the company’s stock.
Bilibili Company Profile
Bilibili Inc provides online entertainment services for the young generations in the People's Republic of China. Its platform offers a range of content, including video services, mobile games, and value-added service, as well as ACG-related comic and audio content. The company's video services include professional user generated videos, occupationally generated videos, live broadcasting, and story mode.
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