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

Bilibili Inc. (NASDAQ:BILI) gapped down before the market opened 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 changing hands.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Morgan Stanley began coverage on Bilibili in a research report on Wednesday, September 25th. They set an “equal weight” rating and a $20.00 price target on the stock. 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. Barclays raised their price objective on Bilibili from $19.00 to $24.00 and gave the stock an “overweight” rating in a research report on Monday, November 18th. The Goldman Sachs Group raised Bilibili from a “neutral” rating to a “buy” rating and raised their price target for the stock from $16.50 to $22.60 in a report on Thursday, September 26th. Finally, Benchmark boosted their target price on shares of Bilibili from $16.00 to $24.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Three 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 stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $19.69.

Bilibili Trading Down 2.1 %

The business has a 50-day moving average price of $20.33 and a 200-day moving average price of $17.86. The stock has a market cap of $7.94 billion, a PE ratio of -20.84 and a beta of 0.80.

Bilibili (NASDAQ:BILI) last posted its quarterly earnings data on Thursday, November 14th. The company reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.47. The company had revenue of $7.31 billion for the quarter, compared to analysts’ expectations of $7.14 billion. Bilibili had a negative return on equity of 15.17% and a negative net margin of 10.73%. Bilibili’s revenue was up 25.8% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.39) EPS. Equities analysts expect that Bilibili Inc. will post -0.34 earnings per share for the current year.

Institutional Investors Weigh In On Bilibili

A number of large investors have recently modified their holdings of BILI. National Bank of Canada FI acquired a new position in Bilibili during the second quarter worth about $3,115,000. Headlands Technologies LLC acquired a new stake in shares of Bilibili in the second quarter valued at approximately $4,715,000. Renaissance Technologies LLC lifted its position in Bilibili by 17.2% during the second quarter. Renaissance Technologies LLC now owns 601,066 shares of the company’s stock worth $9,280,000 after buying an additional 88,100 shares in the last quarter. Vanguard Personalized Indexing Management LLC boosted its stake 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 last quarter. Finally, Beck Bode LLC acquired a new stake in shares of Bilibili in the 2nd quarter worth $165,000. Hedge funds and other institutional investors own 16.08% of the company’s stock.

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.