Bilibili (NASDAQ:BILI) Shares Rise 5.3% - Is It Time to Invest?

On Wednesday, shares of Bilibili Inc. (NASDAQ:BILI) saw a significant rise of 5.3%. The stock reached a high of $18.67 before closing at $18.54. During midday trading, around 3,124,689 shares exchanged hands, which is a 38% decrease from the average daily trading volume of 5,015,498 shares. The stock had previously closed the day before at $17.61.

Wall Street Analysts Predict Positive Growth

Several analysts have provided updates about Bilibili's stock. Mizuho has increased their price target for the stock from $17.00 to $21.00 and has rated it as "outperform." Additionally, Daiwa Capital Markets raised Bilibili from a "neutral" to a "buy" rating in a report issued on November 8. Barclays also raised their target price from $19.00 to $24.00 while maintaining an "overweight" rating as of November 18. Bank of America lifted their price target from $19.00 to $22.50 and rated the stock as a "buy" on October 25. Furthermore, Daiwa America upgraded Bilibili from a "hold" to a "strong-buy" rating also on November 8. Currently, 3 analysts have given a hold rating, while 9 analysts have rated it as a buy and 2 have classified it as a strong buy. According to MarketBeat.com, Bilibili holds an average rating of "Moderate Buy" with a target price of $19.69.

Analyzing Bilibili's Recent Performance

Bilibili features a market capitalization of $9.11 billion and a price-to-earnings ratio standing at -23.90, with a beta of 0.81. The stock's 50-day simple moving average is recorded at $18.12, while the two-hundred-day moving average is $18.31. The latest quarterly earnings data from Bilibili was released on November 14, where it reported earnings per share (EPS) of $0.57, which surpasses the expected EPS of $0.10 by $0.47. The company generated a revenue of $7.31 billion for the quarter, exceeding analysts' expectation of $7.14 billion. Despite a negative return on equity of 15.17% and a net margin of -10.73%, Bilibili experienced a revenue increase of 25.8% from the same quarter last year. In comparison, the previous year's EPS during the same time was -$0.39. Analysts predict that Bilibili will post an EPS of -0.39 for the current year.

Institutional Investor Activity

Recently, various hedge funds have adjusted their investments in Bilibili. First Beijing Investment Ltd significantly increased its stake in Bilibili by 96.2% during the third quarter, acquiring an additional 1,860,496 shares and now holds 3,793,582 shares valued at $88,694,000. Jennison Associates LLC also boosted its position by 26.4% in the fourth quarter, owning 2,285,264 shares worth approximately $41,386,000 after adding 477,740 shares. BNP Paribas Financial Markets increased its stake by an astonishing 422.0% in the third quarter, now holding 2,256,058 shares valued at $52,747,000. Similarly, Two Sigma Advisers LP escalated its investment by 14,710.1%, owning 1,762,400 shares after purchasing an additional 1,750,500 shares in the last quarter, amounting to a value of $41,205,000. Connor Clark & Lunn Investment Management Ltd. also raised their holdings by 16.2% in the fourth quarter to own 1,504,143 shares valued at $27,240,000. Overall, institutional investors and hedge funds hold around 16.08% of Bilibili's stock.

About Bilibili Inc.

Bilibili Inc. provides online entertainment services tailored for younger generations in China. The company offers a variety of digital content including professionally produced and user-generated videos, mobile games, and various value-added services such as live broadcasting, audio dramas on Maoer, and comic content available on Bilibili Comic.

Bilibili, Stock, Analyst