Bilibili (NASDAQ:BILI) Shares Gap Down – Time to Sell?

Shares of Bilibili Inc. (NASDAQ:BILI) gapped down before the market opened on Thursday . The stock had previously closed at $18.11, but opened at $17.64. Bilibili shares last traded at $17.42, with a volume of 1,213,426 shares traded.

Analyst Ratings Changes

BILI has been the topic of several research reports. Daiwa America raised shares of Bilibili from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 8th. Daiwa Capital Markets raised Bilibili from a “neutral” rating to a “buy” rating in a research report on Friday, November 8th. Mizuho lifted their target price on Bilibili from $17.00 to $21.00 and gave the company an “outperform” rating in a research report on Tuesday, November 12th. Bank of America upped their price target on Bilibili from $19.00 to $22.50 and gave the stock a “buy” rating in a research report on Friday, October 25th. Finally, Benchmark raised their price target on shares of Bilibili from $16.00 to $24.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Three research analysts have rated the stock with a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $19.69.

Bilibili Stock Performance

The business’s 50-day moving average price is $19.95 and its 200 day moving average price is $18.08. The company has a market cap of $7.09 billion, a P/E ratio of -18.61 and a beta of 0.80.

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

Hedge Funds Weigh In On Bilibili

Several large investors have recently modified their holdings of BILI. Signaturefd LLC lifted its holdings in Bilibili by 6.5% during the 3rd quarter. Signaturefd LLC now owns 9,731 shares of the company’s stock worth $228,000 after purchasing an additional 598 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Bilibili by 26.3% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,528 shares of the company’s stock worth $82,000 after buying an additional 735 shares in the last quarter. Blue Trust Inc. boosted its position in shares of Bilibili by 227.3% in the third quarter. Blue Trust Inc. now owns 1,283 shares of the company’s stock valued at $30,000 after acquiring an additional 891 shares during the period. Creative Planning grew its stake in shares of Bilibili by 6.7% in the second quarter. Creative Planning now owns 25,819 shares of the company’s stock valued at $399,000 after acquiring an additional 1,632 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC increased its position in Bilibili by 10.3% during the second 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 period. 16.08% of the stock is owned by institutional investors.

Bilibili Company Profile

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.