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

Bilibili Inc. (NASDAQ:BILI) gapped down prior to trading on Thursday . The stock had previously closed at $21.23, but opened at $20.22. Bilibili shares last traded at $20.43, with a volume of 1,132,583 shares changing hands.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Nomura Securities cut Bilibili from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 25th. Benchmark lifted their price target on Bilibili from $24.00 to $30.00 and gave the stock a “buy” rating in a report on Friday, February 21st. Finally, Barclays lifted their price target on Bilibili from $24.00 to $25.00 and gave the stock an “overweight” rating in a report on Friday, February 21st. Three 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 company. According to data from MarketBeat, Bilibili has an average rating of “Moderate Buy” and a consensus target price of $21.11.

Bilibili Trading Down 4.8 %

The company has a market capitalization of $8.38 billion, a price-to-earnings ratio of -44.87 and a beta of 0.93. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.34 and a quick ratio of 1.05. The business’s 50-day moving average price is $19.32 and its two-hundred day moving average price is $19.54.

Bilibili (NASDAQ:BILI) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.05 EPS for the quarter, beating the consensus estimate of $0.03 by $0.02. The business 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%. Research analysts predict that Bilibili Inc. will post 0.16 earnings per share for the current year.

Institutional Trading of Bilibili

Several institutional investors have recently modified their holdings of the business. Public Employees Retirement System of Ohio bought a new stake in shares of Bilibili in the fourth quarter worth $2,689,000. Vise Technologies Inc. bought a new stake in shares of Bilibili in the fourth quarter worth $329,000. Vident Advisory LLC grew its stake in shares of Bilibili by 15.1% in the fourth quarter. Vident Advisory LLC now owns 17,226 shares of the company’s stock worth $312,000 after purchasing an additional 2,263 shares during the last quarter. Quantinno Capital Management LP grew its stake in shares of Bilibili by 37.1% in the fourth quarter. Quantinno Capital Management LP now owns 32,296 shares of the company’s stock worth $585,000 after purchasing an additional 8,739 shares during the last quarter. Finally, Nomura Holdings Inc. bought a new stake in shares of Bilibili in the fourth quarter worth $272,000. 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.