Bilibili (NASDAQ:BILI) Trading Up 4%

Shares of Bilibili Inc. (NASDAQ:BILI) rose 4% during mid-day trading on Wednesday . The company traded as high as $16.21 and last traded at $16.15. Approximately 963,356 shares traded hands during trading, a decline of 87% from the average daily volume of 7,343,671 shares. The stock had previously closed at $15.53.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Barclays raised Bilibili from an “underweight” rating to an “equal weight” rating and upped their price objective for the stock from $10.00 to $14.00 in a report on Friday. JPMorgan Chase & Co. raised Bilibili from an “underweight” rating to a “neutral” rating and boosted their price objective for the stock from $10.00 to $11.00 in a report on Monday, March 11th. Mizuho lifted their price target on shares of Bilibili from $15.00 to $17.00 and gave the stock a “buy” rating in a research report on Friday, May 10th. Finally, Citigroup lowered shares of Bilibili from a “buy” rating to a “neutral” rating and cut their price objective for the company from $18.00 to $12.50 in a report on Monday, March 11th. Eight analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $15.81.

Bilibili Stock Performance

The firm has a market capitalization of $5.66 billion, a price-to-earnings ratio of -8.38 and a beta of 0.96. The company has a 50-day moving average of $12.67 and a 200-day moving average of $11.83.

Bilibili (NASDAQ:BILI) last issued its quarterly earnings data on Thursday, March 7th. The company reported ($0.28) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.25) by ($0.03). Bilibili had a negative return on equity of 28.12% and a negative net margin of 21.34%. The company had revenue of $881.13 million for the quarter, compared to the consensus estimate of $891.61 million. As a group, analysts anticipate that Bilibili Inc. will post -0.55 EPS for the current fiscal year.

Institutional Trading of Bilibili

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Swedbank AB bought a new stake in Bilibili during the first quarter worth $645,000. Janus Henderson Group PLC bought a new stake in shares of Bilibili in the first quarter valued at approximately $3,918,000. Sandia Investment Management LP acquired a new stake in shares of Bilibili during the 1st quarter worth $112,000. Quadrature Capital Ltd bought a new position in Bilibili in the 1st quarter valued at about $456,000. Finally, OLD Mission Capital LLC bought a new position in Bilibili in the first quarter valued at approximately $14,849,000. 16.08% of the stock is currently owned by institutional investors and hedge funds.

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.