Bilibili (NASDAQ:BILI) Shares Gap Down – What’s Next?

Bilibili Inc. (NASDAQ:BILI) shares gapped down prior to trading 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

A number of equities analysts have commented on the stock. Barclays lifted their price objective on shares of Bilibili from $24.00 to $25.00 and gave the stock an “overweight” rating in a report on Friday, February 21st. Benchmark increased their price target on Bilibili from $24.00 to $30.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. Nomura Securities downgraded Bilibili from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 25th. Finally, Mizuho raised their target price on Bilibili from $17.00 to $21.00 and gave the company an “outperform” rating in a research note on Tuesday, November 12th. Four analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Bilibili has an average rating of “Moderate Buy” and a consensus target price of $20.33.

Bilibili Price Performance

The company has a current ratio of 1.34, a quick ratio of 1.05 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $9.20 billion, a price-to-earnings ratio of -49.23 and a beta of 0.93. The company has a 50 day moving average price of $18.65 and a 200 day moving average price of $19.15.

Bilibili (NASDAQ:BILI) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.03 by $0.02. The business had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.05 billion. Bilibili had a negative net margin of 5.01% and a negative return on equity of 8.23%. As a group, equities research analysts forecast that Bilibili Inc. will post 0.16 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. BNP Paribas Financial Markets increased its stake in Bilibili by 422.0% in the third quarter. BNP Paribas Financial Markets now owns 2,256,058 shares of the company’s stock valued at $52,747,000 after acquiring an additional 1,823,829 shares during the last quarter. Two Sigma Advisers LP grew its holdings in shares of Bilibili by 14,710.1% during the third quarter. Two Sigma Advisers LP now owns 1,762,400 shares of the company’s stock worth $41,205,000 after purchasing an additional 1,750,500 shares during the last quarter. Jennison Associates LLC increased its stake in shares of Bilibili by 208.4% in the third quarter. Jennison Associates LLC now owns 1,807,524 shares of the company’s stock valued at $42,260,000 after buying an additional 1,221,433 shares during the period. Jump Financial LLC acquired a new stake in Bilibili during the 4th quarter worth approximately $11,584,000. Finally, Arrowstreet Capital Limited Partnership grew its holdings in Bilibili by 3,328.1% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 608,514 shares of the company’s stock worth $11,020,000 after acquiring an additional 590,763 shares during the last quarter. 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.