Bilibili (NASDAQ:BILI) Shares Gap Down – Should You Sell?

Shares of Bilibili Inc. (NASDAQ:BILI) gapped down prior to trading on Wednesday . The stock had previously closed at $17.05, but opened at $16.63. Bilibili shares last traded at $16.47, with a volume of 954,821 shares trading hands.

Analysts Set New Price Targets

A number of equities analysts have recently commented on BILI shares. The Goldman Sachs Group raised shares of Bilibili from a “neutral” rating to a “buy” rating and lifted their target price for the company from $16.50 to $22.60 in a report on Thursday, September 26th. Mizuho increased their target price on Bilibili from $17.00 to $21.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 12th. Daiwa Capital Markets upgraded shares of Bilibili from a “neutral” rating to a “buy” rating in a report on Friday, November 8th. Daiwa America raised Bilibili from a “hold” rating to a “strong-buy” rating in a report on Friday, November 8th. Finally, Bank of America raised their price objective on shares of Bilibili from $19.00 to $22.50 and gave the stock a “buy” rating in a research note on Friday, October 25th. Three analysts have rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $19.69.

Bilibili Price Performance

The company has a market cap of $6.79 billion, a price-to-earnings ratio of -17.80 and a beta of 0.81. The firm’s 50-day moving average price is $18.71 and its 200-day moving average price is $18.14.

Bilibili (NASDAQ:BILI) last released its quarterly earnings data on Thursday, November 14th. The company reported $0.57 EPS for the quarter, beating the consensus estimate of $0.10 by $0.47. The company had revenue of $7.31 billion for the quarter, compared to analyst estimates of $7.14 billion. Bilibili had a negative return on equity of 15.17% and a negative net margin of 10.73%. The firm’s revenue was up 25.8% compared to the same quarter last year. During the same period last year, the company posted ($0.39) earnings per share. On average, sell-side analysts anticipate that Bilibili Inc. will post -0.27 earnings per share for the current year.

Hedge Funds Weigh In On Bilibili

Hedge funds and other institutional investors have recently bought and sold shares of the stock. SIH Partners LLLP raised its stake in shares of Bilibili by 145.9% during the second quarter. SIH Partners LLLP now owns 1,195,420 shares of the company’s stock valued at $18,457,000 after purchasing an additional 709,200 shares during the period. Y Intercept Hong Kong Ltd lifted its holdings in Bilibili by 1,064.9% in the 3rd quarter. Y Intercept Hong Kong Ltd now owns 190,275 shares of the company’s stock worth $4,449,000 after buying an additional 173,941 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in Bilibili in the 2nd quarter valued at about $7,799,000. Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of Bilibili by 31.6% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,294,180 shares of the company’s stock valued at $30,258,000 after acquiring an additional 311,073 shares in the last quarter. Finally, US Bancorp DE increased its position in shares of Bilibili by 882.4% during the third quarter. US Bancorp DE now owns 70,999 shares of the company’s stock worth $1,660,000 after acquiring an additional 63,772 shares during the last quarter. 16.08% of the stock is owned by institutional investors and hedge funds.

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.