Bilibili (NASDAQ:BILI) Trading Down 4.3%

Bilibili Inc. (NASDAQ:BILI)’s stock price was down 4.3% during mid-day trading on Tuesday . The company traded as low as $14.62 and last traded at $14.69. Approximately 830,503 shares changed hands during mid-day trading, a decline of 88% from the average daily volume of 7,089,539 shares. The stock had previously closed at $15.35.

Analyst Ratings Changes

Several research firms have weighed in on BILI. UBS Group upgraded Bilibili from a “neutral” rating to a “buy” rating and raised their target price for the company from $11.90 to $18.00 in a report on Friday, May 31st. Barclays upgraded Bilibili from an “underweight” rating to an “equal weight” rating and upped their price target for the stock from $10.00 to $14.00 in a research note on Friday, May 24th. Mizuho upped their price target on Bilibili from $15.00 to $17.00 and gave the stock a “buy” rating in a research note on Friday, May 10th. JPMorgan Chase & Co. upgraded Bilibili from a “neutral” rating to an “overweight” rating and set a $21.00 price target for the company in a research note on Tuesday, June 18th. Finally, Benchmark boosted their price objective on Bilibili from $15.00 to $16.00 and gave the stock a “buy” rating in a research report on Friday, May 24th. Six investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, Bilibili presently has an average rating of “Hold” and a consensus target price of $16.90.

Bilibili Stock Down 3.1 %

The firm has a fifty day simple moving average of $15.60 and a 200 day simple moving average of $12.69.

Bilibili (NASDAQ:BILI) last issued its earnings results on Thursday, May 23rd. The company reported ($0.24) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.26) by $0.02. Bilibili had a negative return on equity of 26.46% and a negative net margin of 21.41%. The business had revenue of $791.16 million during the quarter, compared to analysts’ expectations of $775.06 million. Equities research analysts expect that Bilibili Inc. will post -0.46 earnings per share for the current year.

Hedge Funds Weigh In On Bilibili

Hedge funds have recently modified their holdings of the stock. BNP Paribas Financial Markets raised its holdings in shares of Bilibili by 62.6% in the 1st quarter. BNP Paribas Financial Markets now owns 310,999 shares of the company’s stock worth $3,483,000 after buying an additional 119,747 shares in the last quarter. Janney Montgomery Scott LLC bought a new stake in Bilibili during the 1st quarter worth approximately $951,000. GSA Capital Partners LLP bought a new stake in Bilibili during the 1st quarter worth approximately $460,000. SG Americas Securities LLC grew its position in Bilibili by 102.0% during the 4th quarter. SG Americas Securities LLC now owns 80,257 shares of the company’s stock worth $977,000 after acquiring an additional 40,523 shares during the last quarter. Finally, Quadrant Capital Group LLC grew its position in Bilibili by 19.3% during the 4th quarter. Quadrant Capital Group LLC now owns 10,283 shares of the company’s stock worth $125,000 after acquiring an additional 1,667 shares during the last quarter. 16.08% of the stock is owned by institutional investors and hedge funds.

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.