Bilibili (NASDAQ:BILI) Stock Price Down 9.5% – Time to Sell?

Bilibili Inc. Sponsored ADR (NASDAQ:BILI)’s stock price dropped 9.5% during trading on Friday . The company traded as low as $26.53 and last traded at $26.57. Approximately 4,590,865 shares changed hands during mid-day trading, a decline of 1% from the average daily volume of 4,642,469 shares. The stock had previously closed at $29.35.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on BILI shares. Bank of America lifted their target price on shares of Bilibili from $25.00 to $27.00 and gave the company a “buy” rating in a research note on Thursday, July 17th. Jefferies Financial Group set a $28.00 target price on shares of Bilibili in a research note on Thursday, August 21st. JPMorgan Chase & Co. cut shares of Bilibili from an “overweight” rating to a “neutral” rating and lifted their target price for the company from $21.00 to $24.00 in a research note on Monday, July 28th. Benchmark cut their target price on shares of Bilibili from $30.00 to $28.00 and set a “buy” rating for the company in a research note on Friday, August 22nd. Finally, Barclays lifted their target price on shares of Bilibili from $25.00 to $28.00 and gave the company an “overweight” rating in a research note on Friday, August 22nd. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $25.81.

Bilibili Stock Down 9.6%

The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.60 and a current ratio of 1.60. The stock has a market cap of $11.09 billion, a price-to-earnings ratio of 379.17 and a beta of 0.93. The firm’s 50-day simple moving average is $25.13 and its two-hundred day simple moving average is $21.46.

Institutional Investors Weigh In On Bilibili

Several institutional investors have recently modified their holdings of BILI. FNY Investment Advisers LLC acquired a new stake in shares of Bilibili during the 1st quarter worth approximately $57,000. Rakuten Securities Inc. grew its position in shares of Bilibili by 39.5% during the 1st quarter. Rakuten Securities Inc. now owns 12,725 shares of the company’s stock worth $243,000 after buying an additional 3,601 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its position in shares of Bilibili by 8.5% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 9,261 shares of the company’s stock worth $178,000 after buying an additional 722 shares during the period. Vontobel Holding Ltd. grew its position in shares of Bilibili by 87.9% during the 1st quarter. Vontobel Holding Ltd. now owns 35,239 shares of the company’s stock worth $673,000 after buying an additional 16,482 shares during the period. Finally, GF Fund Management CO. LTD. acquired a new stake in shares of Bilibili during the 1st quarter worth approximately $518,000. Institutional investors and hedge funds 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.