Bilibili (NASDAQ:BILI) Trading Down 5.7% – What’s Next?

Bilibili Inc. (NASDAQ:BILI)’s share price traded down 5.7% during trading on Wednesday . The company traded as low as $21.41 and last traded at $21.47. 1,600,341 shares traded hands during mid-day trading, a decline of 78% from the average session volume of 7,413,792 shares. The stock had previously closed at $22.77.

Wall Street Analysts Forecast Growth

BILI has been the topic of a number of research analyst reports. Nomura Securities downgraded Bilibili from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 25th. Barclays increased their target price on Bilibili from $24.00 to $25.00 and gave the company an “overweight” rating in a research note on Friday, February 21st. Mizuho increased their target price on shares of Bilibili from $17.00 to $21.00 and gave the stock an “outperform” rating in a report on Tuesday, November 12th. Finally, Benchmark raised their price objective on shares of Bilibili from $24.00 to $30.00 and gave the stock a “buy” rating in a report on Friday, February 21st. Three investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $21.11.

Bilibili Price Performance

The company has a quick ratio of 1.05, a current ratio of 1.34 and a debt-to-equity ratio of 0.23. The stock has a market cap of $8.79 billion, a PE ratio of -47.11 and a beta of 0.93. The company’s fifty day moving average is $18.82 and its 200 day moving average is $19.27.

Bilibili (NASDAQ:BILI) last posted its quarterly earnings data on Thursday, February 20th. The company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.02. Bilibili had a negative return on equity of 8.23% and a negative net margin of 5.01%. The firm had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.05 billion. As a group, sell-side analysts anticipate that Bilibili Inc. will post 0.16 earnings per share for the current fiscal year.

Institutional Trading of Bilibili

Institutional investors and hedge funds have recently modified their holdings of the business. Avior Wealth Management LLC boosted its holdings in Bilibili by 1,817.7% in the fourth quarter. Avior Wealth Management LLC now owns 1,515 shares of the company’s stock worth $27,000 after acquiring an additional 1,436 shares in the last quarter. TD Private Client Wealth LLC bought a new stake in Bilibili during the third quarter valued at $53,000. Venturi Wealth Management LLC bought a new stake in Bilibili during the third quarter worth about $63,000. Federated Hermes Inc. bought a new stake in shares of Bilibili in the 4th quarter valued at about $55,000. Finally, Blue Trust Inc. lifted its stake in shares of Bilibili by 147.8% in the 4th quarter. Blue Trust Inc. now owns 3,179 shares of the company’s stock valued at $58,000 after acquiring an additional 1,896 shares during the last quarter. 16.08% of the stock is currently 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.