Bilibili (NASDAQ:BILI) Shares Gap Down – What’s Next?

Bilibili Inc. (NASDAQ:BILI) gapped down prior to trading on Friday . The stock had previously closed at $20.16, but opened at $19.60. Bilibili shares last traded at $19.18, with a volume of 684,770 shares traded.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on BILI shares. Barclays upped their price objective on shares of Bilibili from $24.00 to $25.00 and gave the stock an “overweight” rating in a research report on Friday, February 21st. Nomura Securities downgraded shares of Bilibili from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 25th. Finally, Benchmark increased their price target on shares of Bilibili from $24.00 to $30.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. Three equities research 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. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $21.11.

Bilibili Stock Performance

The company has a fifty day moving average price of $19.71 and a two-hundred day moving average price of $19.71. The company has a market capitalization of $7.99 billion, a P/E ratio of -42.88 and a beta of 0.93. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.34 and a quick ratio of 1.05.

Bilibili (NASDAQ:BILI) last posted its quarterly earnings data on Thursday, February 20th. The company reported $0.05 earnings per share for the quarter, beating analysts’ consensus estimates 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 business had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.05 billion. Equities analysts forecast that Bilibili Inc. will post 0.16 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in BILI. Avior Wealth Management LLC raised its stake in Bilibili by 1,817.7% during the fourth quarter. Avior Wealth Management LLC now owns 1,515 shares of the company’s stock worth $27,000 after buying an additional 1,436 shares during the last quarter. TD Private Client Wealth LLC bought a new position in Bilibili during the third quarter worth $53,000. Federated Hermes Inc. acquired a new stake in Bilibili in the fourth quarter worth $55,000. Blue Trust Inc. raised its stake in Bilibili by 147.8% during the 4th quarter. Blue Trust Inc. now owns 3,179 shares of the company’s stock worth $58,000 after buying an additional 1,896 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted 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 worth $82,000 after purchasing an additional 735 shares in the last quarter. Institutional investors own 16.08% of the company’s stock.

Bilibili Company Profile

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.