Bilibili (NASDAQ:BILI) Shares Down 3.1% – Here’s Why

Shares of Bilibili Inc. (NASDAQ:BILI) fell 3.1% during mid-day trading on Friday . The stock traded as low as $26.12 and last traded at $26.21. 4,244,208 shares changed hands during mid-day trading, a decline of 41% from the average session volume of 7,161,681 shares. The stock had previously closed at $27.05.

Analyst Ratings Changes

Several equities research analysts have weighed in on BILI shares. Bank of America boosted their price objective on Bilibili from $18.00 to $19.00 and gave the stock a “buy” rating in a research note on Tuesday, September 3rd. Nomura raised Bilibili from a “neutral” rating to a “buy” rating and set a $18.00 price objective on the stock in a research note on Thursday, August 22nd. The Goldman Sachs Group raised Bilibili from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $16.50 to $22.60 in a research note on Thursday, September 26th. Daiwa America cut Bilibili from a “strong-buy” rating to a “hold” rating in a research note on Thursday. Finally, Nomura Securities raised Bilibili from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 22nd. Five analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $17.83.

Bilibili Price Performance

The business has a fifty day simple moving average of $16.36 and a two-hundred day simple moving average of $14.91. The company has a market cap of $11.39 billion, a PE ratio of -16.51 and a beta of 0.86.

Bilibili (NASDAQ:BILI) last posted its earnings results on Thursday, August 22nd. The company reported ($0.65) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.55). The company had revenue of $6.13 billion for the quarter, compared to analysts’ expectations of $6.10 billion. Bilibili had a negative return on equity of 22.44% and a negative net margin of 16.71%. The firm’s quarterly revenue was up 15.5% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.43) EPS. On average, equities research analysts predict that Bilibili Inc. will post -0.4 EPS for the current year.

Hedge Funds Weigh In On Bilibili

Large investors have recently made changes to their positions in the business. CWM LLC increased its position in shares of Bilibili by 61.9% during the second 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 position in shares of Bilibili by 62.6% during the fourth quarter. Parallel Advisors LLC now owns 4,503 shares of the company’s stock worth $55,000 after purchasing an additional 1,734 shares in the last quarter. Sandia Investment Management LP acquired a new position in shares of Bilibili during the first quarter worth $112,000. Beck Bode LLC acquired a new position in shares of Bilibili during the second quarter worth $165,000. Finally, Vanguard Personalized Indexing Management LLC increased its position in shares of Bilibili by 10.3% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 17,610 shares of the company’s stock worth $272,000 after purchasing an additional 1,650 shares in the last quarter. 16.08% of the stock is owned by institutional investors and hedge funds.

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.