Bilibili (NASDAQ:BILI) Shares Down 8.8% – Should You Sell?

Shares of Bilibili Inc. (NASDAQ:BILI) were down 8.8% on Tuesday . The company traded as low as $20.10 and last traded at $20.05. Approximately 3,492,512 shares changed hands during trading, a decline of 40% from the average daily volume of 5,809,630 shares. The stock had previously closed at $21.99.

Analysts Set New Price Targets

Several research firms have issued reports on BILI. Benchmark lifted their target price on Bilibili from $16.00 to $24.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Barclays boosted their price objective on shares of Bilibili from $19.00 to $24.00 and gave the stock an “overweight” rating in a research note on Monday, November 18th. Mizuho raised their target price on shares of Bilibili from $17.00 to $21.00 and gave the company an “outperform” rating in a research note on Tuesday, November 12th. Daiwa America raised Bilibili from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 8th. Finally, Daiwa Capital Markets upgraded Bilibili from a “neutral” rating to a “buy” rating in a report on Friday, November 8th. Three equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $19.69.

Bilibili Stock Performance

The stock has a market cap of $9.16 billion, a PE ratio of -24.03 and a beta of 0.81. The company has a 50 day moving average of $18.21 and a two-hundred day moving average of $18.53.

Bilibili (NASDAQ:BILI) last released its earnings results on Thursday, February 20th. The company reported $0.05 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.02. Bilibili had a negative return on equity of 15.17% and a negative net margin of 10.73%. As a group, equities research analysts anticipate that Bilibili Inc. will post -0.39 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Signaturefd LLC lifted its stake in shares of Bilibili by 6.5% in the 3rd quarter. Signaturefd LLC now owns 9,731 shares of the company’s stock valued at $228,000 after purchasing an additional 598 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Bilibili by 26.3% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,528 shares of the company’s stock valued at $82,000 after buying an additional 735 shares during the period. Laird Norton Wetherby Wealth Management LLC lifted its position in Bilibili by 3.3% in the fourth quarter. Laird Norton Wetherby Wealth Management LLC now owns 23,109 shares of the company’s stock valued at $419,000 after buying an additional 749 shares during the last quarter. Blue Trust Inc. boosted its stake in Bilibili by 227.3% during the third quarter. Blue Trust Inc. now owns 1,283 shares of the company’s stock worth $30,000 after buying an additional 891 shares during the period. Finally, Geode Capital Management LLC increased its position in shares of Bilibili by 1.0% during the fourth quarter. Geode Capital Management LLC now owns 110,560 shares of the company’s stock valued at $2,002,000 after acquiring an additional 1,140 shares during the last quarter. 16.08% of the stock is owned by hedge funds and other institutional investors.

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.