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

Bilibili Inc. (NASDAQ:BILI)’s share price gapped down before the market opened on Thursday . The stock had previously closed at $18.11, but opened at $17.64. Bilibili shares last traded at $17.42, with a volume of 1,213,426 shares.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on BILI. Benchmark lifted their price objective on Bilibili from $16.00 to $24.00 and gave the company a “buy” rating in a report on Friday, November 15th. Mizuho lifted their price target on shares of Bilibili from $17.00 to $21.00 and gave the company an “outperform” rating in a report on Tuesday, November 12th. Barclays upped their price objective on shares of Bilibili from $19.00 to $24.00 and gave the stock an “overweight” rating in a research note on Monday, November 18th. Bank of America lifted their target price on shares of Bilibili from $19.00 to $22.50 and gave the company a “buy” rating in a research note on Friday, October 25th. Finally, The Goldman Sachs Group upgraded Bilibili from a “neutral” rating to a “buy” rating and increased their price target for the stock from $16.50 to $22.60 in a research report on Thursday, September 26th. Three equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $19.69.

Bilibili Trading Down 0.1 %

The stock has a market capitalization of $7.09 billion, a P/E ratio of -18.61 and a beta of 0.80. The company has a fifty day simple moving average of $19.95 and a two-hundred day simple moving average of $18.08.

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

Hedge Funds Weigh In On Bilibili

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. TD Private Client Wealth LLC bought a new stake in Bilibili in the third quarter valued at approximately $53,000. Barclays PLC increased its holdings in shares of Bilibili by 13.5% in the third quarter. Barclays PLC now owns 127,563 shares of the company’s stock worth $2,982,000 after acquiring an additional 15,136 shares in the last quarter. Y Intercept Hong Kong Ltd raised its position in shares of Bilibili by 1,064.9% during the third quarter. Y Intercept Hong Kong Ltd now owns 190,275 shares of the company’s stock worth $4,449,000 after purchasing an additional 173,941 shares during the period. Main Management ETF Advisors LLC bought a new position in shares of Bilibili during the 3rd quarter valued at about $1,361,000. Finally, Two Sigma Advisers LP grew its position in shares of Bilibili by 14,710.1% in the 3rd quarter. Two Sigma Advisers LP now owns 1,762,400 shares of the company’s stock valued at $41,205,000 after purchasing an additional 1,750,500 shares during the period. 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.