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

Bilibili Inc. (NASDAQ:BILI) gapped down prior to trading on Wednesday . The stock had previously closed at $17.05, but opened at $16.63. Bilibili shares last traded at $16.47, with a volume of 954,821 shares changing hands.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on BILI shares. Daiwa America raised Bilibili from a “hold” rating to a “strong-buy” rating in a report on Friday, November 8th. The Goldman Sachs Group raised shares of Bilibili from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $16.50 to $22.60 in a research report on Thursday, September 26th. Benchmark raised their target price on shares of Bilibili from $16.00 to $24.00 and gave the company a “buy” rating in a report on Friday, November 15th. Bank of America upped their price target on shares of Bilibili from $19.00 to $22.50 and gave the stock a “buy” rating in a report on Friday, October 25th. Finally, Barclays lifted their price objective on shares of Bilibili from $19.00 to $24.00 and gave the company an “overweight” rating in a research note on Monday, November 18th. Three equities research analysts have rated the stock with a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, Bilibili presently has an average rating of “Moderate Buy” and a consensus target price of $19.69.

Bilibili Stock Performance

The firm’s fifty day moving average price is $18.53 and its 200-day moving average price is $18.13.

Bilibili (NASDAQ:BILI) last posted its earnings results on Thursday, November 14th. The company reported $0.57 EPS for the quarter, beating the consensus estimate of $0.10 by $0.47. Bilibili had a negative return on equity of 15.17% and a negative net margin of 10.73%. The firm had revenue of $7.31 billion during the quarter, compared to the consensus estimate of $7.14 billion. During the same period last year, the company earned ($0.39) earnings per share. The business’s quarterly revenue was up 25.8% on a year-over-year basis. Research analysts predict that Bilibili Inc. will post -0.27 EPS for the current fiscal year.

Hedge Funds Weigh In On Bilibili

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Blue Trust Inc. raised its holdings in Bilibili by 227.3% during the 3rd quarter. Blue Trust Inc. now owns 1,283 shares of the company’s stock worth $30,000 after purchasing an additional 891 shares during the last quarter. Avior Wealth Management LLC raised its stake in Bilibili by 1,817.7% during the fourth quarter. Avior Wealth Management LLC now owns 1,515 shares of the company’s stock worth $27,000 after buying an additional 1,436 shares during the last quarter. TD Private Client Wealth LLC acquired a new position in Bilibili in the third quarter valued at $53,000. Venturi Wealth Management LLC acquired a new position in Bilibili in the third quarter valued at $63,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Bilibili by 26.3% during the third 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 acquiring an additional 735 shares during the last quarter. 16.08% of the stock is owned by institutional investors and hedge funds.

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.