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

Bilibili Inc. (NASDAQ:BILI)’s share price gapped down before the market opened on Monday . The stock had previously closed at $24.10, but opened at $22.67. Bilibili shares last traded at $22.24, with a volume of 1,979,645 shares trading hands.

Analyst Ratings Changes

Several research firms have weighed in on BILI. Benchmark lifted their price target on shares of Bilibili from $24.00 to $30.00 and gave the company a “buy” rating in a research note on Friday, February 21st. Barclays increased their price target on Bilibili from $24.00 to $25.00 and gave the stock an “overweight” rating in a report on Friday, February 21st. Nomura Securities lowered Bilibili from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 25th. Finally, Mizuho raised their target price on Bilibili from $17.00 to $21.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 12th. Four investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Bilibili has an average rating of “Moderate Buy” and an average target price of $20.33.

Bilibili Price Performance

The company has a market cap of $9.20 billion, a PE ratio of -49.23 and a beta of 0.93. The firm’s 50-day moving average is $18.65 and its 200-day moving average is $19.15. The company has a quick ratio of 1.05, a current ratio of 1.34 and a debt-to-equity ratio of 0.23.

Bilibili (NASDAQ:BILI) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.05 EPS for the quarter, beating the consensus estimate of $0.03 by $0.02. The company had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.05 billion. Bilibili had a negative return on equity of 8.23% and a negative net margin of 5.01%. On average, equities analysts anticipate that Bilibili Inc. will post 0.16 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BILI. Assetmark Inc. purchased a new position in shares of Bilibili in the 3rd quarter worth $159,000. Venturi Wealth Management LLC purchased a new position in shares of Bilibili during the 3rd quarter worth $63,000. KBC Group NV lifted its position in shares of Bilibili by 90.9% during the 3rd quarter. KBC Group NV now owns 10,683 shares of the company’s stock valued at $250,000 after buying an additional 5,086 shares in the last quarter. Natixis Advisors LLC bought a new position in shares of Bilibili in the third quarter worth approximately $272,000. Finally, Vaughan Nelson Investment Management L.P. bought a new stake in Bilibili during the 3rd quarter valued at approximately $1,189,000. 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.