Bilibili (NASDAQ:BILI) Shares Down 5% – What’s Next?

Bilibili Inc. (NASDAQ:BILI) fell 5% during trading on Monday . The company traded as low as $17.88 and last traded at $17.99. 1,447,807 shares were traded during mid-day trading, a decline of 77% from the average session volume of 6,387,043 shares. The stock had previously closed at $18.93.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on BILI shares. Barclays boosted their price objective on Bilibili from $24.00 to $25.00 and gave the company an “overweight” rating in a report on Friday, February 21st. HSBC upgraded Bilibili from a “hold” rating to a “buy” rating and upped their price target for the company from $21.50 to $22.50 in a research report on Wednesday. Nomura Securities downgraded Bilibili from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 25th. Finally, Benchmark raised their target price on Bilibili from $24.00 to $30.00 and gave the company a “buy” rating in a report on Friday, February 21st. Three investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $21.24.

Bilibili Price Performance

The company has a debt-to-equity ratio of 0.23, a current ratio of 1.34 and a quick ratio of 1.05. The firm has a market capitalization of $7.56 billion, a price-to-earnings ratio of -40.33 and a beta of 0.93. The company’s 50-day moving average is $18.02 and its 200-day moving average is $18.88.

Bilibili (NASDAQ:BILI) last announced its earnings results on Thursday, February 20th. The company reported $0.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.03 by $0.02. Bilibili had a negative return on equity of 8.23% and a negative net margin of 5.01%. The business had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.05 billion. On average, research analysts expect that Bilibili Inc. will post 0.16 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Bilibili by 8.5% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 9,261 shares of the company’s stock valued at $178,000 after acquiring an additional 722 shares during the period. Laird Norton Wetherby Wealth Management LLC boosted its position in shares of Bilibili by 3.3% in the fourth quarter. Laird Norton Wetherby Wealth Management LLC now owns 23,109 shares of the company’s stock worth $419,000 after buying an additional 749 shares during the period. Advisors Asset Management Inc. grew its position in Bilibili by 16.6% during the first quarter. Advisors Asset Management Inc. now owns 5,280 shares of the company’s stock valued at $101,000 after purchasing an additional 751 shares in the last quarter. Royal Bank of Canada increased its position in Bilibili by 1.2% in the 1st quarter. Royal Bank of Canada now owns 87,505 shares of the company’s stock worth $1,672,000 after purchasing an additional 1,014 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of Bilibili by 1.0% during the 4th quarter. Geode Capital Management LLC now owns 110,560 shares of the company’s stock worth $2,002,000 after purchasing an additional 1,140 shares during the last quarter. Institutional investors and hedge funds 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.