Bilibili Inc. (NASDAQ:BILI – Get Free Report) shares gapped up before the market opened on Thursday . The stock had previously closed at $11.03, but opened at $11.28. Bilibili shares last traded at $11.33, with a volume of 783,606 shares.
Analyst Upgrades and Downgrades
Several equities research analysts have weighed in on BILI shares. JPMorgan Chase & Co. upgraded Bilibili from an “underweight” rating to a “neutral” rating and upped their price target for the stock from $10.00 to $11.00 in a report on Monday, March 11th. Mizuho dropped their price objective on Bilibili from $18.00 to $16.00 and set a “buy” rating on the stock in a report on Wednesday, January 17th. Citigroup downgraded Bilibili from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $18.00 to $12.50 in a research note on Monday, March 11th. The Goldman Sachs Group dropped their price target on Bilibili from $17.40 to $15.60 and set a “neutral” rating on the stock in a research note on Thursday, November 30th. Finally, Barclays downgraded Bilibili from an “equal weight” rating to an “underweight” rating and dropped their price target for the stock from $15.00 to $10.00 in a research note on Thursday, November 30th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $15.26.
Read Our Latest Report on BILI
Bilibili Price Performance
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of the stock. Artisan Partners Limited Partnership grew its position in Bilibili by 3.9% during the 3rd quarter. Artisan Partners Limited Partnership now owns 3,790,190 shares of the company’s stock worth $52,191,000 after purchasing an additional 143,881 shares in the last quarter. Morgan Stanley grew its position in Bilibili by 47.6% during the 3rd quarter. Morgan Stanley now owns 3,174,384 shares of the company’s stock worth $43,711,000 after purchasing an additional 1,023,650 shares in the last quarter. Renaissance Technologies LLC grew its position in Bilibili by 184.3% during the 1st quarter. Renaissance Technologies LLC now owns 2,076,066 shares of the company’s stock worth $48,788,000 after purchasing an additional 1,345,900 shares in the last quarter. First Beijing Investment Ltd purchased a new position in Bilibili during the 2nd quarter worth approximately $29,929,000. Finally, Bridgewater Associates LP grew its position in Bilibili by 48.6% during the 1st quarter. Bridgewater Associates LP now owns 1,099,588 shares of the company’s stock worth $28,127,000 after purchasing an additional 359,842 shares in the last quarter. Institutional investors own 16.08% of the company’s stock.
About Bilibili
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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