Bilibili (NASDAQ:BILI) Trading Down 4.2% – Should You Sell?

Bilibili Inc. Sponsored ADR (NASDAQ:BILI)’s share price fell 4.2% during trading on Tuesday . The stock traded as low as $23.93 and last traded at $23.9270. 697,677 shares traded hands during mid-day trading, a decline of 74% from the average session volume of 2,661,814 shares. The stock had previously closed at $24.97.

Wall Street Analysts Forecast Growth

Several research firms have commented on BILI. Wall Street Zen raised Bilibili from a “hold” rating to a “buy” rating in a report on Saturday. Citigroup raised Bilibili from a “neutral” rating to a “buy” rating and set a $27.00 price target for the company in a report on Friday, March 27th. Weiss Ratings restated a “hold (c-)” rating on shares of Bilibili in a research note on Wednesday, January 21st. JPMorgan Chase & Co. upgraded shares of Bilibili from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $27.00 to $35.00 in a research note on Tuesday, March 17th. Finally, Morgan Stanley upgraded shares of Bilibili from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $25.00 to $31.00 in a research note on Monday, April 13th. Nine equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $30.55.

Bilibili Stock Performance

The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.31. The stock has a fifty day moving average price of $26.15 and a 200-day moving average price of $27.45. The firm has a market capitalization of $9.73 billion, a price-to-earnings ratio of 61.88 and a beta of 0.87.

Hedge Funds Weigh In On Bilibili

A number of hedge funds have recently modified their holdings of BILI. Morgan Stanley raised its holdings in shares of Bilibili by 187.2% in the 4th quarter. Morgan Stanley now owns 3,846,849 shares of the company’s stock worth $94,594,000 after buying an additional 2,507,321 shares in the last quarter. Step Capital Management Pte. Ltd. acquired a new stake in shares of Bilibili during the 4th quarter worth about $24,590,000. SIH Partners LLLP increased its position in shares of Bilibili by 327.1% during the 4th quarter. SIH Partners LLLP now owns 1,021,800 shares of the company’s stock worth $25,126,000 after purchasing an additional 782,540 shares in the last quarter. MY.Alpha Management HK Advisors Ltd acquired a new stake in shares of Bilibili during the 4th quarter worth about $16,620,000. Finally, Panagora Asset Management Inc. increased its position in shares of Bilibili by 138.0% during the 4th quarter. Panagora Asset Management Inc. now owns 869,388 shares of the company’s stock worth $21,378,000 after purchasing an additional 504,070 shares in the last quarter. 16.08% of the stock is owned by institutional investors and hedge funds.

About Bilibili

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.