Bilibili (NASDAQ:BILI) Shares Gap Down to $13.86

Bilibili Inc. (NASDAQ:BILI) gapped down before the market opened on Monday . The stock had previously closed at $13.86, but opened at $13.48. Bilibili shares last traded at $13.47, with a volume of 453,286 shares trading hands.

Wall Street Analyst Weigh In

Several research firms have weighed in on BILI. Barclays raised Bilibili from an “underweight” rating to an “equal weight” rating and lifted their price objective for the company from $10.00 to $14.00 in a research report on Friday, May 24th. Benchmark upped their price target on Bilibili from $15.00 to $16.00 and gave the stock a “buy” rating in a research note on Friday, May 24th. UBS Group raised Bilibili from a “neutral” rating to a “buy” rating and raised their price objective for the company from $11.90 to $18.00 in a research report on Friday, May 31st. JPMorgan Chase & Co. upgraded shares of Bilibili from a “neutral” rating to an “overweight” rating and set a $21.00 target price on the stock in a report on Tuesday, June 18th. Finally, Mizuho increased their price target on shares of Bilibili from $15.00 to $17.00 and gave the stock a “buy” rating in a research note on Friday, May 10th. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $17.01.

Bilibili Stock Performance

The stock has a market cap of $5.54 billion, a PE ratio of -8.30 and a beta of 0.85. The firm has a 50-day moving average price of $15.60 and a 200-day moving average price of $13.13.

Bilibili (NASDAQ:BILI) last released its quarterly earnings data on Thursday, May 23rd. The company reported ($0.24) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.02. The business had revenue of $791.16 million during the quarter, compared to analyst estimates of $775.06 million. Bilibili had a negative net margin of 21.41% and a negative return on equity of 26.46%. As a group, sell-side analysts anticipate that Bilibili Inc. will post -0.46 EPS for the current fiscal year.

Hedge Funds Weigh In On Bilibili

A number of hedge funds have recently added to or reduced their stakes in the company. CWM LLC increased its holdings in shares of Bilibili by 61.9% in the 2nd quarter. CWM LLC now owns 2,232 shares of the company’s stock worth $34,000 after purchasing an additional 853 shares in the last quarter. Parallel Advisors LLC increased its holdings in Bilibili by 62.6% in the 4th quarter. Parallel Advisors LLC now owns 4,503 shares of the company’s stock worth $55,000 after buying an additional 1,734 shares in the last quarter. Mizuho Securities Co. Ltd. bought a new stake in Bilibili in the 4th quarter worth about $55,000. Daiwa Securities Group Inc. raised its position in Bilibili by 29.1% in the 4th quarter. Daiwa Securities Group Inc. now owns 6,970 shares of the company’s stock worth $85,000 after buying an additional 1,569 shares during the last quarter. Finally, Headlands Technologies LLC bought a new position in Bilibili during the 4th quarter valued at about $100,000. 16.08% of the stock is currently 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.