Bilibili (NASDAQ:BILI) Shares Gap Down – What’s Next?

Bilibili Inc. (NASDAQ:BILI) shares gapped down before the market opened on Monday . The stock had previously closed at $19.59, but opened at $19.11. Bilibili shares last traded at $19.04, with a volume of 1,091,483 shares.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on BILI. Bank of America upped their price target on Bilibili from $19.00 to $22.50 and gave the company a “buy” rating in a research report on Friday, October 25th. Daiwa America upgraded shares of Bilibili from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 8th. Mizuho upped their price target on shares of Bilibili from $17.00 to $21.00 and gave the stock an “outperform” rating in a report on Tuesday, November 12th. Daiwa Capital Markets upgraded Bilibili from a “neutral” rating to a “buy” rating in a research report on Friday, November 8th. Finally, Barclays boosted their target price on Bilibili from $19.00 to $24.00 and gave the stock an “overweight” rating in a research report on Monday, November 18th. Three investment analysts have rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, Bilibili has a consensus rating of “Moderate Buy” and an average target price of $19.69.

Bilibili Stock Performance

The company has a market capitalization of $7.95 billion, a PE ratio of -20.86 and a beta of 0.80. The stock has a fifty day moving average of $20.28 and a 200 day moving average of $17.89.

Bilibili (NASDAQ:BILI) last issued its quarterly earnings data on Thursday, November 14th. The company reported $0.57 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.47. The firm had revenue of $7.31 billion during the quarter, compared to analyst estimates of $7.14 billion. Bilibili had a negative return on equity of 15.17% and a negative net margin of 10.73%. The business’s quarterly revenue was up 25.8% compared to the same quarter last year. During the same quarter last year, the business posted ($0.39) earnings per share. As a group, equities analysts predict that Bilibili Inc. will post -0.34 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. National Bank of Canada FI purchased a new position in shares of Bilibili in the 2nd quarter worth approximately $3,115,000. Headlands Technologies LLC bought a new position in Bilibili during the second quarter valued at $4,715,000. Renaissance Technologies LLC raised its stake in shares of Bilibili by 17.2% in the second quarter. Renaissance Technologies LLC now owns 601,066 shares of the company’s stock valued at $9,280,000 after acquiring an additional 88,100 shares during the period. Vanguard Personalized Indexing Management LLC lifted its holdings in shares of Bilibili by 10.3% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 17,610 shares of the company’s stock worth $272,000 after acquiring an additional 1,650 shares during the last quarter. Finally, Beck Bode LLC purchased a new stake in Bilibili in the 2nd quarter worth about $165,000. Hedge funds and other 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. It offers a range of digital content, including professional user generated videos, mobile games, and value-added services, such as live broadcasting, occupationally generated videos, audio drama on Maoer, and comics on Bilibili Comic.