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 changing hands.

Analyst Ratings Changes

A number of research analysts have recently commented on BILI shares. Mizuho dropped their price target on Bilibili from $18.00 to $16.00 and set a “buy” rating for the company in a research note on Wednesday, January 17th. Daiwa Capital Markets cut Bilibili from a “buy” rating to a “neutral” rating in a research note on Friday, January 19th. JPMorgan Chase & Co. raised Bilibili from an “underweight” rating to a “neutral” rating and raised their target price for the stock from $10.00 to $11.00 in a research report on Monday, March 11th. Finally, Citigroup lowered Bilibili from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $18.00 to $12.50 in a research report on Monday, March 11th. One 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.com, the stock has an average rating of “Hold” and an average target price of $15.26.

Bilibili Stock Performance

The stock has a fifty day simple moving average of $11.08 and a two-hundred day simple moving average of $11.68. The stock has a market capitalization of $5.26 billion, a price-to-earnings ratio of -7.77 and a beta of 0.99.

Bilibili (NASDAQ:BILI) last issued its quarterly 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). Bilibili had a negative return on equity of 28.12% and a negative net margin of 21.34%. The business had revenue of $881.13 million for the quarter, compared to analyst estimates of $891.61 million. Research analysts forecast that Bilibili Inc. will post -0.55 earnings per share for the current year.

Institutional Trading of Bilibili

A number of large investors have recently bought and sold shares of the business. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Bilibili in the 3rd quarter valued at about $3,043,000. Trexquant Investment LP acquired a new stake in shares of Bilibili in the 4th quarter valued at about $2,167,000. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Bilibili by 30.7% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 687,069 shares of the company’s stock valued at $9,461,000 after buying an additional 161,396 shares during the period. Artisan Partners Limited Partnership grew its stake in shares of Bilibili by 3.9% in the 3rd quarter. Artisan Partners Limited Partnership now owns 3,790,190 shares of the company’s stock valued at $52,191,000 after buying an additional 143,881 shares during the period. Finally, Harvest Fund Management Co. Ltd grew its stake in shares of Bilibili by 71.2% in the 3rd quarter. Harvest Fund Management Co. Ltd now owns 288,649 shares of the company’s stock valued at $3,972,000 after buying an additional 120,000 shares during the period. 16.08% of the stock is currently owned by institutional investors and hedge funds.

About Bilibili

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.