Bilibili (NASDAQ:BILI) Shares Gap Down – Should You Sell?

Bilibili Inc. Sponsored ADR (NASDAQ:BILI)’s stock price gapped down before the market opened on Thursday . The stock had previously closed at $22.34, but opened at $21.14. Bilibili shares last traded at $20.7920, with a volume of 964,568 shares traded.

Wall Street Analyst Weigh In

Several research analysts have weighed in on BILI shares. Citigroup upgraded Bilibili from a “neutral” rating to a “buy” rating and set a $27.00 target price on the stock in a research note on Friday, March 27th. Wall Street Zen downgraded Bilibili from a “buy” rating to a “hold” rating in a research note on Sunday, April 26th. JPMorgan Chase & Co. upgraded Bilibili from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $27.00 to $35.00 in a research note on Tuesday, March 17th. Morgan Stanley upgraded Bilibili from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $25.00 to $31.00 in a research note on Monday, April 13th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Bilibili in a research note on Monday, April 20th. Nine analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $30.55.

Bilibili Stock Performance

The company has a debt-to-equity ratio of 0.31, a current ratio of 1.36 and a quick ratio of 1.36. The stock has a market capitalization of $7.91 billion, a PE ratio of 50.19 and a beta of 0.79. The stock has a 50 day moving average of $23.47 and a two-hundred day moving average of $26.72.

Institutional Trading of Bilibili

A number of institutional investors have recently modified their holdings of the business. Pictet Asset Management Holding SA boosted its stake in shares of Bilibili by 3.2% in the fourth quarter. Pictet Asset Management Holding SA now owns 13,000 shares of the company’s stock valued at $320,000 after buying an additional 400 shares in the last quarter. Geode Capital Management LLC raised its holdings in Bilibili by 0.4% during the fourth quarter. Geode Capital Management LLC now owns 104,063 shares of the company’s stock worth $2,559,000 after purchasing an additional 410 shares during the last quarter. AdvisorShares Investments LLC raised its holdings in Bilibili by 3.3% during the fourth quarter. AdvisorShares Investments LLC now owns 14,018 shares of the company’s stock worth $345,000 after purchasing an additional 442 shares during the last quarter. Russell Investments Group Ltd. raised its holdings in Bilibili by 0.3% during the third quarter. Russell Investments Group Ltd. now owns 173,458 shares of the company’s stock worth $4,872,000 after purchasing an additional 489 shares during the last quarter. Finally, Ieq Capital LLC raised its holdings in Bilibili by 4.1% during the fourth quarter. Ieq Capital LLC now owns 13,829 shares of the company’s stock worth $340,000 after purchasing an additional 544 shares during the last quarter. 16.08% of the stock is currently owned by hedge funds and other institutional investors.

Bilibili Company Profile

Bilibili (NASDAQ: BILI) is a leading Chinese online entertainment platform renowned for its focus on animation, comics and games (ACG) content. The company operates a video-sharing website where users can view, upload and comment on a wide range of content, from full-length anime episodes to user-generated short videos. In addition to on-demand streaming, Bilibili offers live broadcasting services that connect creators with fans through real-time interaction features such as “bullet comments” that flow across the screen.

Beyond its core video community, Bilibili generates revenue through multiple value-added services.