Bilibili (NASDAQ:BILI) Shares Down 4.1%

Shares of Bilibili Inc. (NASDAQ:BILI) fell 4.1% during trading on Friday . The company traded as low as $11.63 and last traded at $11.73. 543,849 shares traded hands during mid-day trading, a decline of 92% from the average session volume of 7,044,237 shares. The stock had previously closed at $12.23.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on BILI. Daiwa Capital Markets cut shares of Bilibili from a “buy” rating to a “neutral” rating in a research note on Friday, January 19th. Citigroup lowered shares of Bilibili from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $18.00 to $12.50 in a research report on Monday, March 11th. JPMorgan Chase & Co. raised shares of Bilibili from an “underweight” rating to a “neutral” rating and raised their price target for the stock from $10.00 to $11.00 in a research report on Monday, March 11th. Finally, Mizuho reduced their price target on shares of Bilibili from $18.00 to $16.00 and set a “buy” rating for the company in a research report on Wednesday, January 17th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $15.26.

Bilibili Trading Down 6.1 %

The stock has a market capitalization of $4.73 billion, a PE ratio of -7.00 and a beta of 0.99. The firm’s fifty day moving average price is $10.83 and its two-hundred day moving average price is $11.79.

Bilibili (NASDAQ:BILI) last posted its earnings results on Thursday, March 7th. The company reported ($0.28) earnings per share for the quarter, missing the consensus estimate of ($0.25) by ($0.03). Bilibili had a negative net margin of 21.34% and a negative return on equity of 28.12%. The firm had revenue of $881.13 million for the quarter, compared to analysts’ expectations of $891.61 million. As a group, sell-side analysts anticipate that Bilibili Inc. will post -0.54 earnings per share 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 BILI. Renaissance Technologies LLC grew its stake in Bilibili by 184.3% in the 1st quarter. Renaissance Technologies LLC now owns 2,076,066 shares of the company’s stock valued at $48,788,000 after acquiring an additional 1,345,900 shares during the period. Morgan Stanley boosted its stake in Bilibili by 47.6% during the 3rd quarter. Morgan Stanley now owns 3,174,384 shares of the company’s stock worth $43,711,000 after purchasing an additional 1,023,650 shares during the last quarter. Two Sigma Investments LP acquired a new stake in Bilibili during the 4th quarter worth $8,914,000. BNP Paribas Arbitrage SNC boosted its stake in Bilibili by 155.8% during the 3rd quarter. BNP Paribas Arbitrage SNC now owns 613,854 shares of the company’s stock worth $9,404,000 after purchasing an additional 373,911 shares during the last quarter. Finally, Bridgewater Associates LP boosted its stake in Bilibili by 48.6% during the 1st quarter. Bridgewater Associates LP now owns 1,099,588 shares of the company’s stock worth $28,127,000 after purchasing an additional 359,842 shares during 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.