Bilibili (NASDAQ:BILI) Shares Gap Down – Time to Sell?

Bilibili Inc. Sponsored ADR (NASDAQ:BILI) gapped down before the market opened on Friday . The stock had previously closed at $30.96, but opened at $29.30. Bilibili shares last traded at $30.0060, with a volume of 161,542 shares traded.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on BILI shares. Weiss Ratings restated a “hold (c-)” rating on shares of Bilibili in a report on Wednesday, January 21st. Wall Street Zen downgraded shares of Bilibili from a “buy” rating to a “hold” rating in a research note on Saturday. Bank of America dropped their target price on Bilibili from $32.00 to $31.00 and set a “buy” rating for the company in a research report on Friday, November 28th. Benchmark increased their price target on Bilibili from $28.00 to $29.00 and gave the stock a “buy” rating in a report on Friday, November 14th. Finally, Citigroup raised their price target on Bilibili from $25.00 to $27.00 and gave the stock a “neutral” rating in a research note on Friday, November 14th. Six analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, Bilibili has an average rating of “Moderate Buy” and a consensus target price of $29.61.

Bilibili Stock Down 2.1%

The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 0.54. The stock has a market cap of $12.67 billion, a P/E ratio of 121.20 and a beta of 0.73. The company’s 50 day moving average price is $29.47 and its two-hundred day moving average price is $27.34.

Hedge Funds Weigh In On Bilibili

Several institutional investors have recently made changes to their positions in BILI. Kestra Advisory Services LLC purchased a new stake in Bilibili in the fourth quarter worth about $43,000. Farther Finance Advisors LLC raised its holdings in shares of Bilibili by 226.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,187 shares of the company’s stock valued at $61,000 after purchasing an additional 1,518 shares in the last quarter. Hantz Financial Services Inc. raised its holdings in shares of Bilibili by 253.0% in the 3rd quarter. Hantz Financial Services Inc. now owns 3,639 shares of the company’s stock valued at $102,000 after purchasing an additional 2,608 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Bilibili by 25.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 5,295 shares of the company’s stock worth $114,000 after purchasing an additional 1,081 shares during the period. Finally, Advisors Asset Management Inc. boosted its stake in shares of Bilibili by 19.0% during the second quarter. Advisors Asset Management Inc. now owns 6,285 shares of the company’s stock valued at $135,000 after purchasing an additional 1,005 shares in the last quarter. Hedge funds and other institutional investors own 16.08% of the company’s stock.

Bilibili Company Profile

Bilibili (NASDAQ: BILI) is a leading Chinese online entertainment platform renowned for its focus on animation, comics and games (ACG) content. The company operates a video-sharing website where users can view, upload and comment on a wide range of content, from full-length anime episodes to user-generated short videos. In addition to on-demand streaming, Bilibili offers live broadcasting services that connect creators with fans through real-time interaction features such as “bullet comments” that flow across the screen.

Beyond its core video community, Bilibili generates revenue through multiple value-added services.