Bilibili (NASDAQ:BILI) Shares Gap Down – What’s Next?

Bilibili Inc. (NASDAQ:BILI) shares gapped down prior to trading on Friday . The stock had previously closed at $20.16, but opened at $19.60. Bilibili shares last traded at $19.18, with a volume of 684,770 shares trading hands.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on BILI. Benchmark boosted their target price on shares of Bilibili from $24.00 to $30.00 and gave the company a “buy” rating in a report on Friday, February 21st. Barclays upped their price objective on Bilibili from $24.00 to $25.00 and gave the stock an “overweight” rating in a report on Friday, February 21st. Finally, Nomura Securities lowered Bilibili from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 25th. Three equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $21.11.

Bilibili Trading Down 4.7 %

The firm has a market cap of $7.96 billion, a price-to-earnings ratio of -42.71 and a beta of 0.93. The company has a quick ratio of 1.05, a current ratio of 1.34 and a debt-to-equity ratio of 0.23. The business has a 50 day moving average price of $19.75 and a 200-day moving average price of $19.77.

Bilibili (NASDAQ:BILI) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.02. The company had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.05 billion. Bilibili had a negative net margin of 5.01% and a negative return on equity of 8.23%. As a group, research analysts expect that Bilibili Inc. will post 0.16 EPS for the current fiscal year.

Hedge Funds Weigh In On Bilibili

A number of institutional investors have recently added to or reduced their stakes in the company. Avior Wealth Management LLC increased its position in shares of Bilibili by 1,817.7% during the fourth quarter. Avior Wealth Management LLC now owns 1,515 shares of the company’s stock worth $27,000 after acquiring an additional 1,436 shares during the last quarter. TD Private Client Wealth LLC acquired a new stake in Bilibili during the 3rd quarter valued at approximately $53,000. Federated Hermes Inc. purchased a new stake in Bilibili during the 4th quarter worth approximately $55,000. Blue Trust Inc. boosted its stake in shares of Bilibili by 147.8% during the 4th quarter. Blue Trust Inc. now owns 3,179 shares of the company’s stock valued at $58,000 after buying an additional 1,896 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Bilibili by 26.3% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,528 shares of the company’s stock worth $82,000 after buying an additional 735 shares in the last quarter. Institutional investors and hedge funds own 16.08% of the company’s stock.

Bilibili Company Profile

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.