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

Bilibili Inc. (NASDAQ:BILI) gapped down before the market opened on Monday . The stock had previously closed at $22.82, but opened at $21.96. Bilibili shares last traded at $20.28, with a volume of 5,575,253 shares.

Analyst Upgrades and Downgrades

BILI has been the topic of several recent analyst reports. Benchmark boosted their price target on Bilibili from $24.00 to $30.00 and gave the company a “buy” rating in a research note on Friday. Mizuho boosted their target price on shares of Bilibili from $17.00 to $21.00 and gave the company an “outperform” rating in a research report on Tuesday, November 12th. Daiwa America raised shares of Bilibili from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 8th. Daiwa Capital Markets raised shares of Bilibili from a “neutral” rating to a “buy” rating in a research note on Friday, November 8th. Finally, Barclays increased their price objective on shares of Bilibili from $24.00 to $25.00 and gave the stock an “overweight” rating in a research report on Friday. Three research 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 company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $20.33.

Bilibili Trading Down 10.1 %

The firm has a market cap of $8.50 billion, a P/E ratio of -45.50 and a beta of 0.81. The company’s 50-day moving average is $18.27 and its two-hundred day moving average is $18.63.

Bilibili (NASDAQ:BILI) last posted its earnings results on Thursday, February 20th. The company reported $0.05 earnings per share for the quarter, beating analysts’ consensus estimates of $0.03 by $0.02. Bilibili had a negative return on equity of 8.28% and a negative net margin of 5.01%. The company had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.05 billion. Research analysts anticipate that Bilibili Inc. will post 0.16 EPS for the current fiscal year.

Institutional Trading of Bilibili

Several institutional investors have recently made changes to their positions in BILI. Y Intercept Hong Kong Ltd boosted its holdings in Bilibili by 1,064.9% during the third quarter. Y Intercept Hong Kong Ltd now owns 190,275 shares of the company’s stock worth $4,449,000 after purchasing an additional 173,941 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Bilibili by 31.6% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,294,180 shares of the company’s stock worth $30,258,000 after buying an additional 311,073 shares during the last quarter. US Bancorp DE boosted its stake in shares of Bilibili by 882.4% in the 3rd quarter. US Bancorp DE now owns 70,999 shares of the company’s stock worth $1,660,000 after buying an additional 63,772 shares during the last quarter. Jennison Associates LLC grew its holdings in shares of Bilibili by 208.4% in the third quarter. Jennison Associates LLC now owns 1,807,524 shares of the company’s stock valued at $42,260,000 after acquiring an additional 1,221,433 shares in the last quarter. Finally, Quantbot Technologies LP purchased a new stake in shares of Bilibili during the third quarter valued at approximately $921,000. 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.