Bilibili (NASDAQ:BILI) Shares Gap Down – Here’s Why

Bilibili Inc. (NASDAQ:BILI) shares gapped down before the market opened on Friday . The stock had previously closed at $18.83, but opened at $18.27. Bilibili shares last traded at $18.08, with a volume of 868,201 shares.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on BILI shares. Nomura Securities raised shares of Bilibili from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 22nd. Daiwa America upgraded shares of Bilibili from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 8th. Mizuho raised their price objective on Bilibili from $17.00 to $21.00 and gave the company an “outperform” rating in a report on Tuesday, November 12th. Morgan Stanley began coverage on Bilibili in a report on Wednesday, September 25th. They set an “equal weight” rating and a $20.00 target price on the stock. Finally, Barclays raised their price target on Bilibili from $19.00 to $24.00 and gave the company an “overweight” rating in a research note on Monday. Three investment analysts have rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $19.69.

Bilibili Stock Performance

The firm has a market capitalization of $7.60 billion, a price-to-earnings ratio of -20.52 and a beta of 0.86. The business has a fifty day moving average of $20.92 and a two-hundred day moving average of $17.13.

Bilibili (NASDAQ:BILI) last issued its earnings results on Thursday, November 14th. The company reported $0.57 earnings per share (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%. The business’s revenue for the quarter was up 25.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.39) EPS. As a group, sell-side analysts predict that Bilibili Inc. will post -0.32 EPS for the current fiscal year.

Institutional Investors Weigh In On Bilibili

A number of institutional investors have recently added to or reduced their stakes in the business. Acadian Asset Management LLC bought a new position in shares of Bilibili during the first quarter valued at $408,000. Natixis bought a new position in Bilibili during the 1st quarter worth $537,000. Quadrature Capital Ltd bought a new position in Bilibili during the 1st quarter worth $456,000. Sandia Investment Management LP bought a new stake in shares of Bilibili in the 1st quarter valued at about $112,000. Finally, Janus Henderson Group PLC acquired a new stake in shares of Bilibili in the first quarter valued at about $3,918,000. 16.08% of the stock is owned by institutional investors.

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.