Bilibili (NASDAQ:BILI) Shares Gap Down to $14.94

Shares of Bilibili Inc. (NASDAQ:BILI) gapped down prior to trading on Monday . The stock had previously closed at $14.94, but opened at $14.41. Bilibili shares last traded at $14.13, with a volume of 2,222,315 shares changing hands.

Analysts Set New Price Targets

BILI has been the topic of several research reports. Nomura Securities raised Bilibili from a “hold” rating to a “strong-buy” rating in a research report on Thursday. JPMorgan Chase & Co. raised shares of Bilibili from a “neutral” rating to an “overweight” rating and set a $21.00 target price for the company in a report on Tuesday, June 18th. Benchmark increased their price target on shares of Bilibili from $15.00 to $16.00 and gave the stock a “buy” rating in a research report on Friday, May 24th. Daiwa America raised shares of Bilibili from a “moderate buy” rating to a “strong-buy” rating in a research report on Thursday. Finally, Daiwa Capital Markets upgraded Bilibili from a “neutral” rating to an “outperform” rating in a research note on Thursday. Three research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $16.68.

Bilibili Trading Down 5.1 %

The stock has a 50 day simple moving average of $15.43 and a 200-day simple moving average of $13.46. The firm has a market cap of $5.86 billion, a PE ratio of -8.37 and a beta of 0.85.

Bilibili (NASDAQ:BILI) last released its earnings results on Thursday, August 22nd. The company reported ($0.65) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.10) by ($0.55). The business had revenue of $6.13 billion for the quarter, compared to analysts’ expectations of $6.10 billion. Bilibili had a negative return on equity of 26.46% and a negative net margin of 21.41%. The business’s revenue for the quarter was up 15.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.43) EPS. On average, equities research analysts expect that Bilibili Inc. will post -0.46 EPS for the current year.

Institutional Trading of Bilibili

Several hedge funds have recently bought and sold shares of the stock. Quarry LP purchased a new stake in shares of Bilibili during the 2nd quarter worth approximately $29,336,000. OLD Mission Capital LLC purchased a new stake in Bilibili during the first quarter valued at $14,849,000. Cubist Systematic Strategies LLC lifted its position in Bilibili by 385.3% during the second quarter. Cubist Systematic Strategies LLC now owns 981,969 shares of the company’s stock valued at $15,162,000 after purchasing an additional 779,614 shares during the last quarter. Point72 Hong Kong Ltd bought a new position in Bilibili during the second quarter valued at $11,490,000. Finally, SIH Partners LLLP grew its stake in shares of Bilibili by 145.9% in the 2nd quarter. SIH Partners LLLP now owns 1,195,420 shares of the company’s stock worth $18,457,000 after buying an additional 709,200 shares in the last quarter. 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.