Bilibili (NASDAQ:BILI) Stock Price Down 3.4%

Bilibili Inc. (NASDAQ:BILI)’s stock price dropped 3.4% during mid-day trading on Friday . The stock traded as low as $15.46 and last traded at $15.57. Approximately 392,297 shares changed hands during trading, a decline of 95% from the average daily volume of 7,240,726 shares. The stock had previously closed at $16.11.

Wall Street Analysts Forecast Growth

BILI has been the subject of several recent analyst reports. Benchmark boosted their target price on Bilibili from $15.00 to $16.00 and gave the company a “buy” rating in a research report on Friday, May 24th. UBS Group upgraded Bilibili from a “neutral” rating to a “buy” rating and boosted their target price for the company from $11.90 to $18.00 in a research report on Friday, May 31st. JPMorgan Chase & Co. upgraded Bilibili from a “neutral” rating to an “overweight” rating and set a $21.00 target price for the company in a research report on Tuesday, June 18th. Mizuho boosted their target price on Bilibili from $15.00 to $17.00 and gave the company a “buy” rating in a research report on Friday, May 10th. Finally, Citigroup lowered Bilibili from a “buy” rating to a “neutral” rating and dropped their target price for the company from $18.00 to $12.50 in a research report on Monday, March 11th. Six analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $16.90.

Bilibili Price Performance

The stock has a market cap of $6.49 billion, a PE ratio of -9.53 and a beta of 0.85. The business has a fifty day moving average of $15.06 and a 200-day moving average of $12.29.

Bilibili (NASDAQ:BILI) last issued its quarterly earnings data on Thursday, May 23rd. The company reported ($0.24) EPS for the quarter, topping analysts’ consensus estimates of ($0.26) by $0.02. The company had revenue of $791.16 million during the quarter, compared to the consensus estimate of $775.06 million. Bilibili had a negative net margin of 21.41% and a negative return on equity of 26.46%. As a group, equities research analysts predict that Bilibili Inc. will post -0.46 EPS for the current year.

Hedge Funds Weigh In On Bilibili

A number of large investors have recently bought and sold shares of BILI. Vontobel Holding Ltd. increased its position in shares of Bilibili by 4.1% during the fourth quarter. Vontobel Holding Ltd. now owns 36,439 shares of the company’s stock worth $443,000 after purchasing an additional 1,424 shares in the last quarter. Daiwa Securities Group Inc. increased its position in shares of Bilibili by 29.1% during the fourth quarter. Daiwa Securities Group Inc. now owns 6,970 shares of the company’s stock worth $85,000 after purchasing an additional 1,569 shares in the last quarter. Quadrant Capital Group LLC increased its position in shares of Bilibili by 19.3% during the fourth quarter. Quadrant Capital Group LLC now owns 10,283 shares of the company’s stock worth $125,000 after purchasing an additional 1,667 shares in the last quarter. Parallel Advisors LLC increased its position in shares of Bilibili by 62.6% during the fourth quarter. Parallel Advisors LLC now owns 4,503 shares of the company’s stock worth $55,000 after purchasing an additional 1,734 shares in the last quarter. Finally, Mizuho Securities Co. Ltd. acquired a new position in shares of Bilibili during the fourth quarter worth $55,000. 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.