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

Bilibili Inc. (NASDAQ:BILI)’s share price gapped down before the market opened on Tuesday . The stock had previously closed at $18.34, but opened at $17.71. Bilibili shares last traded at $17.62, with a volume of 949,212 shares trading hands.

Analyst Ratings Changes

BILI has been the topic of several recent research reports. Mizuho increased their price objective on shares of Bilibili from $17.00 to $21.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 12th. Benchmark increased their price target on shares of Bilibili from $16.00 to $24.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Daiwa America raised shares of Bilibili from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 8th. Barclays raised their target price on Bilibili from $19.00 to $24.00 and gave the stock an “overweight” rating in a report on Monday, November 18th. Finally, Daiwa Capital Markets raised Bilibili from a “neutral” rating to a “buy” rating in a report on Friday, November 8th. Three 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’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $19.69.

Bilibili Trading Down 3.4 %

The firm has a 50 day moving average of $18.19 and a 200-day moving average of $18.26. The company has a market cap of $7.35 billion, a P/E ratio of -19.22 and a beta of 0.81.

Bilibili (NASDAQ:BILI) last released its earnings results on Thursday, November 14th. The company reported $0.57 EPS for the quarter, topping the consensus estimate of $0.10 by $0.47. The firm had revenue of $7.31 billion for the quarter, compared to the consensus estimate 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 quarterly revenue was up 25.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.39) earnings per share. Equities analysts predict that Bilibili Inc. will post -0.39 EPS for the current fiscal year.

Institutional Investors Weigh In On Bilibili

Large investors have recently made changes to their positions in the company. Signaturefd LLC lifted its position in Bilibili by 6.5% in the third quarter. Signaturefd LLC now owns 9,731 shares of the company’s stock worth $228,000 after buying an additional 598 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Bilibili by 26.3% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,528 shares of the company’s stock valued at $82,000 after purchasing an additional 735 shares in the last quarter. Blue Trust Inc. boosted its position in Bilibili by 227.3% during the 3rd quarter. Blue Trust Inc. now owns 1,283 shares of the company’s stock valued at $30,000 after acquiring an additional 891 shares in the last quarter. Avior Wealth Management LLC boosted its position in Bilibili by 1,817.7% during the 4th quarter. Avior Wealth Management LLC now owns 1,515 shares of the company’s stock valued at $27,000 after acquiring an additional 1,436 shares in the last quarter. Finally, Creative Planning increased its holdings in shares of Bilibili by 6.7% in the 2nd quarter. Creative Planning now owns 25,819 shares of the company’s stock valued at $399,000 after acquiring an additional 1,632 shares during the period. 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.