Bilibili (NASDAQ:BILI) Stock Price Down 5.7%

Shares of Bilibili Inc. (NASDAQ:BILI) were down 5.7% on Wednesday . The stock traded as low as $13.17 and last traded at $13.19. Approximately 3,077,951 shares were traded during trading, a decline of 55% from the average daily volume of 6,873,780 shares. The stock had previously closed at $13.99.

Wall Street Analyst Weigh In

Several analysts have weighed in on BILI shares. Barclays upgraded shares of Bilibili from an “underweight” rating to an “equal weight” rating and boosted their target price for the company from $10.00 to $14.00 in a research note on Friday, May 24th. Mizuho upped their price target on shares of Bilibili from $15.00 to $17.00 and gave the stock a “buy” rating in a research report on Friday, May 10th. UBS Group upgraded shares of Bilibili from a “neutral” rating to a “buy” rating and upped their price target for the stock 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 price target for the company in a research report on Tuesday, June 18th. Finally, Benchmark upped their price target on shares of Bilibili from $15.00 to $16.00 and gave the stock a “buy” rating in a research report on Friday, May 24th. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $17.01.

Bilibili Trading Down 6.3 %

The stock’s 50-day moving average is $15.55 and its 200-day moving average is $13.21. The stock has a market cap of $5.41 billion, a P/E ratio of -7.90 and a beta of 0.85.

Bilibili (NASDAQ:BILI) last announced its earnings results on Thursday, May 23rd. The company reported ($0.24) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.02. The firm 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%. On average, equities analysts forecast that Bilibili Inc. will post -0.46 EPS for the current year.

Institutional Investors Weigh In On Bilibili

Institutional investors and hedge funds have recently bought and sold shares of the business. CWM LLC lifted its holdings in Bilibili by 61.9% in the 2nd quarter. CWM LLC now owns 2,232 shares of the company’s stock valued at $34,000 after acquiring an additional 853 shares during the last quarter. Parallel Advisors LLC lifted its holdings in Bilibili by 62.6% in the 4th quarter. Parallel Advisors LLC now owns 4,503 shares of the company’s stock valued at $55,000 after acquiring an additional 1,734 shares during the last quarter. Mizuho Securities Co. Ltd. purchased a new stake in Bilibili during the fourth quarter valued at about $55,000. Daiwa Securities Group Inc. lifted its stake in Bilibili by 29.1% during the fourth quarter. Daiwa Securities Group Inc. now owns 6,970 shares of the company’s stock valued at $85,000 after buying an additional 1,569 shares in the last quarter. Finally, Headlands Technologies LLC purchased a new stake in Bilibili during the fourth quarter valued at about $100,000. 16.08% of the stock is owned by institutional investors and hedge funds.

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.