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

Bilibili Inc. (NASDAQ:BILI)’s share price gapped down prior to trading on Monday . The stock had previously closed at $19.59, but opened at $19.11. Bilibili shares last traded at $19.04, with a volume of 1,091,483 shares trading hands.

Analyst Ratings Changes

BILI has been the topic of several analyst reports. Barclays lifted their price target on shares of Bilibili from $19.00 to $24.00 and gave the company an “overweight” rating in a research report on Monday, November 18th. The Goldman Sachs Group upgraded Bilibili from a “neutral” rating to a “buy” rating and upped their price target for the stock from $16.50 to $22.60 in a research note on Thursday, September 26th. Benchmark increased their price objective on Bilibili from $16.00 to $24.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Morgan Stanley began coverage on shares of Bilibili in a research note on Wednesday, September 25th. They set an “equal weight” rating and a $20.00 target price on the stock. Finally, Mizuho boosted their target price on shares of Bilibili from $17.00 to $21.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 12th. Three investment analysts have rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, Bilibili presently has an average rating of “Moderate Buy” and an average target price of $19.69.

Bilibili Stock Performance

The company has a 50-day simple moving average of $20.33 and a 200-day simple moving average of $17.86. The company has a market cap of $7.94 billion, a price-to-earnings ratio of -20.84 and a beta of 0.80.

Bilibili (NASDAQ:BILI) last announced its quarterly earnings results on Thursday, November 14th. The company reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.47. Bilibili had a negative net margin of 10.73% and a negative return on equity of 15.17%. The business had revenue of $7.31 billion during the quarter, compared to the consensus estimate of $7.14 billion. During the same quarter last year, the firm posted ($0.39) EPS. The business’s revenue was up 25.8% compared to the same quarter last year. As a group, equities research analysts forecast that Bilibili Inc. will post -0.34 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. National Bank of Canada FI purchased a new position in Bilibili during the 2nd quarter valued at about $3,115,000. Headlands Technologies LLC acquired a new position in shares of Bilibili in the second quarter valued at approximately $4,715,000. Renaissance Technologies LLC lifted its stake in shares of Bilibili by 17.2% during the 2nd quarter. Renaissance Technologies LLC now owns 601,066 shares of the company’s stock worth $9,280,000 after purchasing an additional 88,100 shares during the period. Vanguard Personalized Indexing Management LLC lifted its position in Bilibili by 10.3% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 17,610 shares of the company’s stock worth $272,000 after buying an additional 1,650 shares during the period. Finally, Beck Bode LLC purchased a new stake in Bilibili in the 2nd quarter valued at about $165,000. Institutional investors and hedge funds 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.