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

Bilibili Inc. (NASDAQ:BILI)’s stock price gapped down before the market opened on Tuesday . The stock had previously closed at $23.21, but opened at $21.07. Bilibili shares last traded at $21.03, with a volume of 1,936,382 shares trading hands.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on BILI shares. Daiwa Capital Markets raised Bilibili from a “neutral” rating to a “buy” rating in a research note on Friday, November 8th. Daiwa America raised Bilibili from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 8th. Morgan Stanley started coverage on Bilibili in a research note on Wednesday, September 25th. They set an “equal weight” rating and a $20.00 price objective for the company. Barclays upped their target price on Bilibili from $19.00 to $24.00 and gave the company an “overweight” rating in a report on Monday, November 18th. Finally, Nomura Securities upgraded Bilibili from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 22nd. Three investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Bilibili has a consensus rating of “Moderate Buy” and an average price target of $19.69.

Bilibili Stock Down 10.9 %

The business has a fifty day simple moving average of $21.32 and a 200-day simple moving average of $17.51. The firm has a market cap of $8.57 billion, a P/E ratio of -22.86 and a beta of 0.80.

Bilibili (NASDAQ:BILI) last issued its quarterly earnings results on Thursday, November 14th. The company reported $0.57 earnings per share 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 company’s revenue was up 25.8% on a year-over-year basis. On average, sell-side analysts anticipate that Bilibili Inc. will post -0.34 EPS for the current fiscal year.

Institutional Investors Weigh In On Bilibili

Several institutional investors have recently modified their holdings of the business. TD Private Client Wealth LLC purchased a new stake in shares of Bilibili during the third quarter valued at $53,000. Barclays PLC boosted its position in Bilibili by 13.5% in the third quarter. Barclays PLC now owns 127,563 shares of the company’s stock worth $2,982,000 after purchasing an additional 15,136 shares during the last quarter. Y Intercept Hong Kong Ltd boosted its position in Bilibili by 1,064.9% in the third quarter. Y Intercept Hong Kong Ltd now owns 190,275 shares of the company’s stock worth $4,449,000 after purchasing an additional 173,941 shares during the last quarter. Main Management ETF Advisors LLC purchased a new position in Bilibili in the third quarter worth about $1,361,000. Finally, Two Sigma Advisers LP boosted its position in Bilibili by 14,710.1% in 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. 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.