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

Bilibili Inc. (NASDAQ:BILI)’s share price gapped down prior to trading on Friday . The stock had previously closed at $18.83, but opened at $18.27. Bilibili shares last traded at $18.08, with a volume of 868,201 shares changing hands.

Analysts Set New Price Targets

A number of analysts have commented on BILI shares. Daiwa America upgraded Bilibili from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 8th. Sanford C. Bernstein lifted their price target on shares of Bilibili from $12.00 to $13.00 and gave the stock a “market perform” rating in a research note on Friday, August 23rd. Bank of America boosted their price target on shares of Bilibili from $19.00 to $22.50 and gave the company a “buy” rating in a report on Friday, October 25th. The Goldman Sachs Group raised shares of Bilibili from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $16.50 to $22.60 in a report on Thursday, September 26th. Finally, Mizuho upped their target price on shares of Bilibili from $17.00 to $21.00 and gave the company an “outperform” rating in a research note on Tuesday, November 12th. Three research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, Bilibili has a consensus rating of “Moderate Buy” and a consensus target price of $19.69.

Bilibili Trading Down 3.2 %

The stock has a market capitalization of $7.55 billion, a P/E ratio of -19.82 and a beta of 0.86. The firm’s fifty day moving average is $20.99 and its 200-day moving average is $17.15.

Bilibili (NASDAQ:BILI) last posted its quarterly earnings data on Thursday, November 14th. The company reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.47. The company had revenue of $7.31 billion during the quarter, compared to analyst estimates of $7.14 billion. Bilibili had a negative net margin of 10.73% and a negative return on equity of 15.17%. The company’s revenue was up 25.8% on a year-over-year basis. During the same quarter last year, the business posted ($0.39) earnings per share. Equities research analysts expect that Bilibili Inc. will post -0.32 EPS for the current year.

Hedge Funds Weigh In On Bilibili

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Blue Trust Inc. increased its stake in shares of Bilibili by 227.3% in the third quarter. Blue Trust Inc. now owns 1,283 shares of the company’s stock valued at $30,000 after buying an additional 891 shares in the last quarter. CWM LLC grew its holdings in Bilibili by 61.9% during the 2nd quarter. CWM LLC now owns 2,232 shares of the company’s stock worth $34,000 after acquiring an additional 853 shares during the last quarter. TD Private Client Wealth LLC acquired a new stake in Bilibili in the 3rd quarter valued at about $53,000. Venturi Wealth Management LLC bought a new position in shares of Bilibili in the third quarter worth about $63,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted 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 purchasing 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.