Bilibili (NASDAQ:BILI) Shares Gap Down – Here’s What Happened

Bilibili Inc. (NASDAQ:BILI)’s stock price gapped down prior to trading 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 traded.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on BILI shares. Daiwa America upgraded shares of Bilibili from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 8th. Mizuho upped their target price on Bilibili from $17.00 to $21.00 and gave the stock an “outperform” rating in a report on Tuesday, November 12th. Daiwa Capital Markets raised Bilibili from a “neutral” rating to a “buy” rating in a research report on Friday, November 8th. Bank of America lifted their price target on Bilibili from $19.00 to $22.50 and gave the company a “buy” rating in a research report on Friday, October 25th. Finally, Benchmark increased their price objective on Bilibili from $16.00 to $24.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Three research analysts have rated the stock with a hold rating, nine have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Bilibili has a consensus rating of “Moderate Buy” and a consensus target price of $19.69.

Bilibili Stock Down 3.4 %

The firm has a fifty day moving average price of $18.19 and a two-hundred day moving average price of $18.26. The stock has a market capitalization of $7.35 billion, a P/E ratio of -19.22 and a beta of 0.81.

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

Hedge Funds Weigh In On Bilibili

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BILI. Avior Wealth Management LLC raised its stake in shares of 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 purchasing an additional 1,436 shares during the last quarter. Blue Trust Inc. increased its holdings in Bilibili by 227.3% in the 3rd quarter. Blue Trust Inc. now owns 1,283 shares of the company’s stock worth $30,000 after buying an additional 891 shares in the last quarter. TD Private Client Wealth LLC purchased a new position in Bilibili in the 3rd quarter worth about $53,000. Venturi Wealth Management LLC bought a new position in Bilibili during the 3rd quarter valued at about $63,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Bilibili by 26.3% during 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 acquiring an additional 735 shares during the last quarter. 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.