Bilibili (NASDAQ:BILI) Shares Gap Down to $10.81

Bilibili Inc. (NASDAQ:BILIGet Free Report) gapped down prior to trading on Thursday . The stock had previously closed at $10.81, but opened at $9.89. Bilibili shares last traded at $10.19, with a volume of 5,046,398 shares changing hands.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. Barclays lowered shares of Bilibili from an “equal weight” rating to an “underweight” rating and cut their target price for the stock from $15.00 to $10.00 in a report on Thursday, November 30th. Nomura downgraded shares of Bilibili from a “buy” rating to a “neutral” rating in a research report on Wednesday, November 29th. The Goldman Sachs Group lowered their price objective on shares of Bilibili from $17.40 to $15.60 and set a “neutral” rating for the company in a research report on Thursday, November 30th. Mizuho lowered their price objective on shares of Bilibili from $18.00 to $16.00 and set a “buy” rating for the company in a research report on Wednesday, January 17th. Finally, UBS Group downgraded shares of Bilibili from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $22.00 to $13.20 in a research report on Monday, December 4th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, Bilibili presently has a consensus rating of “Hold” and an average target price of $16.53.

Check Out Our Latest Research Report on BILI

Bilibili Stock Up 5.0 %

The firm’s 50-day moving average price is $10.20 and its 200 day moving average price is $12.30. The company has a market capitalization of $4.59 billion, a price-to-earnings ratio of -6.36 and a beta of 0.98. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.19.

Institutional Investors Weigh In On Bilibili

A number of institutional investors have recently added to or reduced their stakes in the business. PNC Financial Services Group Inc. lifted its position in shares of Bilibili by 382.2% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,027 shares of the company’s stock worth $27,000 after purchasing an additional 814 shares during the period. Point72 Middle East FZE acquired a new position in shares of Bilibili during the 2nd quarter valued at $25,000. 1832 Asset Management L.P. acquired a new position in shares of Bilibili during the 4th quarter valued at $62,000. Ronald Blue Trust Inc. lifted its position in shares of Bilibili by 79.1% during the 3rd quarter. Ronald Blue Trust Inc. now owns 3,347 shares of the company’s stock valued at $51,000 after acquiring an additional 1,478 shares during the period. Finally, NewEdge Advisors LLC raised its holdings in Bilibili by 25,800.0% during the first quarter. NewEdge Advisors LLC now owns 3,885 shares of the company’s stock worth $91,000 after buying an additional 3,870 shares during the last quarter. 16.08% of the stock is owned by institutional investors.

Bilibili Company Profile

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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.

Further Reading

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