Bilibili (NASDAQ:BILI) Shares Gap Down to $11.74

Bilibili Inc. (NASDAQ:BILI) shares gapped down prior to trading on Tuesday . The stock had previously closed at $11.74, but opened at $11.13. Bilibili shares last traded at $11.50, with a volume of 8,235,947 shares trading hands.

Analyst Upgrades and Downgrades

A number of research firms recently commented on BILI. Citigroup cut Bilibili from a “buy” rating to a “neutral” rating and reduced their target price for the company from $18.00 to $12.50 in a research note on Monday, March 11th. JPMorgan Chase & Co. raised Bilibili from an “underweight” rating to a “neutral” rating and raised their price objective for the company from $10.00 to $11.00 in a research note on Monday, March 11th. Daiwa Capital Markets cut Bilibili from a “buy” rating to a “neutral” rating in a research note on Friday, January 19th. Finally, Mizuho reduced their price objective on Bilibili from $18.00 to $16.00 and set a “buy” rating on the stock in a research note on Wednesday, January 17th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $15.26.

Bilibili Stock Up 11.0 %

The stock’s fifty day moving average price is $11.08 and its two-hundred day moving average price is $11.68. The company has a market capitalization of $5.26 billion, a PE ratio of -7.77 and a beta of 0.99.

Bilibili (NASDAQ:BILI) last posted its earnings results on Thursday, March 7th. The company reported ($0.28) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.25) by ($0.03). The firm had revenue of $881.13 million for the quarter, compared to analysts’ expectations of $891.61 million. Bilibili had a negative return on equity of 28.12% and a negative net margin of 21.34%. On average, equities research analysts forecast that Bilibili Inc. will post -0.55 EPS for the current year.

Institutional Trading of Bilibili

A number of institutional investors have recently modified their holdings of BILI. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Bilibili in the third quarter worth about $3,043,000. SG Americas Securities LLC lifted its holdings in Bilibili by 102.0% in the fourth quarter. SG Americas Securities LLC now owns 80,257 shares of the company’s stock worth $977,000 after buying an additional 40,523 shares during the period. XY Capital Ltd purchased a new stake in Bilibili in the third quarter worth about $1,488,000. Artisan Partners Limited Partnership lifted its holdings in Bilibili by 3.9% in the third quarter. Artisan Partners Limited Partnership now owns 3,790,190 shares of the company’s stock worth $52,191,000 after buying an additional 143,881 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. lifted its holdings in Bilibili by 30.7% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 687,069 shares of the company’s stock worth $9,461,000 after buying an additional 161,396 shares during the period. 16.08% of the stock is currently owned by hedge funds and other institutional investors.

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.