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

Bilibili Inc. (NASDAQ:BILI) shares gapped down before the market opened on Monday . The stock had previously closed at $19.59, but opened at $19.11. Bilibili shares last traded at $19.04, with a volume of 1,091,483 shares traded.

Analyst Ratings Changes

Several equities analysts have weighed in on BILI shares. Barclays lifted their price objective on Bilibili from $19.00 to $24.00 and gave the company an “overweight” rating in a report on Monday, November 18th. The Goldman Sachs Group upgraded shares of Bilibili from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $16.50 to $22.60 in a research note on Thursday, September 26th. Mizuho increased their price target on shares of Bilibili from $17.00 to $21.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 12th. Benchmark boosted their target price on Bilibili from $16.00 to $24.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Finally, Daiwa Capital Markets raised shares of Bilibili from a “neutral” rating to a “buy” rating in a research note on Friday, November 8th. Three analysts have rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $19.69.

Bilibili Stock Down 0.6 %

The firm has a market cap of $7.95 billion, a price-to-earnings ratio of -20.86 and a beta of 0.80. The firm has a 50 day moving average of $20.28 and a 200 day moving average of $17.89.

Bilibili (NASDAQ:BILI) last released its quarterly earnings results on Thursday, November 14th. The company reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.47. Bilibili had a negative return on equity of 15.17% and a negative net margin of 10.73%. The business had revenue of $7.31 billion during the quarter, compared to the consensus estimate of $7.14 billion. During the same quarter in the previous year, the business earned ($0.39) EPS. The company’s quarterly revenue was up 25.8% on a year-over-year basis. Equities analysts expect that Bilibili Inc. will post -0.34 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the company. First Beijing Investment Ltd lifted its position in shares of Bilibili by 96.2% during the 3rd quarter. First Beijing Investment Ltd now owns 3,793,582 shares of the company’s stock worth $88,694,000 after buying an additional 1,860,496 shares in the last quarter. BNP Paribas Financial Markets boosted its holdings in shares of Bilibili by 422.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 2,256,058 shares of the company’s stock worth $52,747,000 after buying an additional 1,823,829 shares during the last quarter. Quarry LP purchased a new stake in Bilibili during the second quarter worth about $29,336,000. Jennison Associates LLC boosted its stake in Bilibili by 208.4% in the third quarter. Jennison Associates LLC now owns 1,807,524 shares of the company’s stock valued at $42,260,000 after acquiring an additional 1,221,433 shares during the last quarter. Finally, Two Sigma Advisers LP increased its stake in shares of Bilibili by 14,710.1% during the 3rd quarter. Two Sigma Advisers LP now owns 1,762,400 shares of the company’s stock worth $41,205,000 after purchasing an additional 1,750,500 shares during the last quarter. 16.08% of the stock is owned by institutional investors.

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.