Bilibili (NASDAQ:BILI) Stock Price Down 8.8% – Should You Sell?

Shares of Bilibili Inc. (NASDAQ:BILI) fell 8.8% on Tuesday . The stock traded as low as $20.10 and last traded at $20.05. 3,492,512 shares were traded during trading, a decline of 40% from the average session volume of 5,809,630 shares. The stock had previously closed at $21.99.

Wall Street Analysts Forecast Growth

BILI has been the topic of a number of recent analyst reports. Mizuho lifted their target price on Bilibili from $17.00 to $21.00 and gave the company an “outperform” rating in a research report on Tuesday, November 12th. Barclays lifted their price target on shares of Bilibili from $19.00 to $24.00 and gave the company an “overweight” rating in a report on Monday, November 18th. Benchmark increased their price objective on shares of Bilibili from $16.00 to $24.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Daiwa Capital Markets raised shares of Bilibili from a “neutral” rating to a “buy” rating in a research note on Friday, November 8th. Finally, Daiwa America upgraded Bilibili from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 8th. Three research analysts have rated the stock with a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, Bilibili presently has a consensus rating of “Moderate Buy” and a consensus price target of $19.69.

Bilibili Trading Down 5.4 %

The firm has a market capitalization of $8.62 billion, a P/E ratio of -22.62 and a beta of 0.81. The company has a 50-day moving average of $18.16 and a 200-day moving average of $18.46.

Hedge Funds Weigh In On Bilibili

A number of hedge funds have recently made changes to their positions in BILI. Signaturefd LLC boosted its holdings in Bilibili by 6.5% in the third quarter. Signaturefd LLC now owns 9,731 shares of the company’s stock valued at $228,000 after acquiring an additional 598 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Bilibili by 26.3% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,528 shares of the company’s stock valued at $82,000 after purchasing an additional 735 shares during the last quarter. Laird Norton Wetherby Wealth Management LLC increased its position in shares of Bilibili by 3.3% during 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. Blue Trust Inc. raised its stake in Bilibili by 227.3% during the third quarter. Blue Trust Inc. now owns 1,283 shares of the company’s stock worth $30,000 after buying an additional 891 shares during the last quarter. Finally, Geode Capital Management LLC lifted its holdings in Bilibili by 1.0% in the fourth quarter. Geode Capital Management LLC now owns 110,560 shares of the company’s stock valued at $2,002,000 after buying an additional 1,140 shares during the period. 16.08% of the stock is currently owned by 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.