Bilibili (NASDAQ:BILI) Stock Price Down 2.7%

Bilibili Inc. (NASDAQ:BILI)’s share price was down 2.7% on Monday . The stock traded as low as $14.41 and last traded at $14.43. Approximately 1,442,120 shares changed hands during trading, a decline of 80% from the average daily volume of 7,221,911 shares. The stock had previously closed at $14.83.

Analyst Ratings Changes

Several research analysts have recently weighed in on BILI shares. Mizuho lowered their price objective on shares of Bilibili from $18.00 to $16.00 and set a “buy” rating on the stock in a research note on Wednesday, January 17th. Citigroup lowered shares of Bilibili from a “buy” rating to a “neutral” rating and decreased their price target for the company from $18.00 to $12.50 in a research note on Monday, March 11th. Daiwa Capital Markets lowered shares of Bilibili from a “buy” rating to a “neutral” rating in a research note on Friday, January 19th. Finally, JPMorgan Chase & Co. upgraded shares of Bilibili from an “underweight” rating to a “neutral” rating and upped their price target for the company from $10.00 to $11.00 in a research note on Monday, March 11th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $15.26.

Bilibili Stock Performance

The firm has a market cap of $5.63 billion, a PE ratio of -8.33 and a beta of 0.96. The company’s 50-day simple moving average is $11.77 and its two-hundred day simple moving average is $11.68.

Bilibili (NASDAQ:BILI) last posted its earnings results on Thursday, March 7th. The company reported ($0.28) EPS for the quarter, missing the consensus estimate of ($0.25) by ($0.03). The company had revenue of $881.13 million during the quarter, compared to analysts’ expectations of $891.61 million. Bilibili had a negative return on equity of 28.12% and a negative net margin of 21.34%. On average, analysts expect that Bilibili Inc. will post -0.55 EPS for the current year.

Hedge Funds Weigh In On Bilibili

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Mizuho Securities Co. Ltd. bought a new stake in shares of Bilibili during the fourth quarter valued at approximately $55,000. Parallel Advisors LLC raised its position in shares of Bilibili by 62.6% during the fourth quarter. Parallel Advisors LLC now owns 4,503 shares of the company’s stock valued at $55,000 after buying an additional 1,734 shares during the last quarter. Tower Research Capital LLC TRC raised its position in shares of Bilibili by 349.0% during the fourth quarter. Tower Research Capital LLC TRC now owns 6,703 shares of the company’s stock valued at $82,000 after buying an additional 5,210 shares during the last quarter. Daiwa Securities Group Inc. raised its position in shares of Bilibili by 29.1% during the fourth quarter. Daiwa Securities Group Inc. now owns 6,970 shares of the company’s stock valued at $85,000 after buying an additional 1,569 shares during the last quarter. Finally, Headlands Technologies LLC bought a new stake in shares of Bilibili during the fourth quarter valued at approximately $100,000. Hedge funds and other 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.