Bilibili (NASDAQ:BILI) Sees Large Volume Increase – Time to Buy?

Bilibili Inc. Sponsored ADR (NASDAQ:BILIGet Free Report) shares saw unusually-high trading volume on Friday . Approximately 3,919,609 shares were traded during mid-day trading, an increase of 40% from the previous session’s volume of 2,799,320 shares.The stock last traded at $15.4530 and had previously closed at $15.50.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Morgan Stanley reissued an “overweight” rating and issued a $27.00 price target on shares of Bilibili in a report on Thursday, August 27th. Macquarie Infrastructure restated an “outperform” rating and issued a $30.00 price target on shares of Bilibili in a report on Tuesday, May 19th. Weiss Ratings upgraded shares of Bilibili from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday. Benchmark reiterated a “buy” rating on shares of Bilibili in a report on Friday, August 28th. Finally, Piper Sandler set a $29.00 price objective on shares of Bilibili in a research report on Friday, August 28th. Eight investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, Bilibili currently has a consensus rating of “Moderate Buy” and an average price target of $30.44.

View Our Latest Research Report on Bilibili

Bilibili Stock Performance

The firm has a market cap of $6.36 billion, a price-to-earnings ratio of 31.36, a price-to-earnings-growth ratio of 1.39 and a beta of 0.71. The stock has a 50-day moving average of $17.54 and a 200-day moving average of $20.73. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.32 and a current ratio of 1.32.

Bilibili (NASDAQ:BILIGet Free Report) last issued its quarterly earnings results on Saturday, August 15th. The company reported $0.23 earnings per share (EPS) for the quarter. Bilibili had a net margin of 4.88% and a return on equity of 11.42%. The firm had revenue of $1.17 billion for the quarter. As a group, analysts anticipate that Bilibili Inc. Sponsored ADR will post 0.6 EPS for the current fiscal year.

Hedge Funds Weigh In On Bilibili

A number of hedge funds and other institutional investors have recently bought and sold shares of BILI. Renaissance Technologies LLC raised its stake in Bilibili by 121.1% in the 1st quarter. Renaissance Technologies LLC now owns 507,335 shares of the company’s stock worth $11,445,000 after purchasing an additional 277,900 shares in the last quarter. Hsbc Holdings PLC lifted its position in Bilibili by 230.5% during the first quarter. Hsbc Holdings PLC now owns 199,039 shares of the company’s stock worth $4,458,000 after purchasing an additional 138,810 shares during the period. Evergreen Quality Fund GP Ltd. bought a new position in Bilibili in the 4th quarter valued at about $1,377,000. MY.Alpha Management HK Advisors Ltd acquired a new position in shares of Bilibili in the 4th quarter valued at approximately $16,620,000. Finally, Persistent Asset Partners Ltd bought a new stake in shares of Bilibili during the 4th quarter worth approximately $738,000. Institutional investors own 16.08% of the company’s stock.

About Bilibili

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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.

Further Reading

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