Bilibili (NASDAQ:BILI) Sees Unusually-High Trading Volume – Still a Buy?

Shares of Bilibili Inc. Sponsored ADR (NASDAQ:BILIGet Free Report) saw unusually-high trading volume on Tuesday . Approximately 4,612,259 shares changed hands during mid-day trading, an increase of 69% from the previous session’s volume of 2,722,020 shares.The stock last traded at $19.5450 and had previously closed at $19.63.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. JPMorgan Chase & Co. upgraded Bilibili from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $27.00 to $35.00 in a research note on Tuesday, March 17th. Citigroup upgraded shares of Bilibili from a “neutral” rating to a “buy” rating and set a $27.00 price target for the company in a research report on Friday, March 27th. Morgan Stanley raised Bilibili from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $25.00 to $31.00 in a research note on Monday, April 13th. Weiss Ratings restated a “hold (c-)” rating on shares of Bilibili in a research report on Monday, April 20th. Finally, Wall Street Zen lowered Bilibili from a “buy” rating to a “hold” rating in a research note on Sunday, April 26th. Nine equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Bilibili has an average rating of “Moderate Buy” and a consensus target price of $30.55.

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Bilibili Price Performance

The company has a market capitalization of $8.11 billion, a PE ratio of 51.34 and a beta of 0.79. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.31. The firm’s 50-day moving average is $23.35 and its 200-day moving average is $26.61.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of BILI. Morgan Stanley grew its stake in shares of Bilibili by 187.2% during the fourth quarter. Morgan Stanley now owns 3,846,849 shares of the company’s stock valued at $94,594,000 after buying an additional 2,507,321 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in Bilibili by 16.9% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,929,897 shares of the company’s stock valued at $54,211,000 after acquiring an additional 278,760 shares during the period. Man Group plc boosted its holdings in Bilibili by 21.9% during the 2nd quarter. Man Group plc now owns 1,460,147 shares of the company’s stock valued at $31,320,000 after acquiring an additional 262,554 shares during the period. SIH Partners LLLP grew its position in Bilibili by 327.1% during the 4th quarter. SIH Partners LLLP now owns 1,021,800 shares of the company’s stock worth $25,126,000 after acquiring an additional 782,540 shares during the last quarter. Finally, Step Capital Management Pte. Ltd. purchased a new position in Bilibili in the 4th quarter worth approximately $24,590,000. 16.08% of the stock is currently owned by institutional investors.

Bilibili Company Profile

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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.

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