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

Bilibili Inc. (NASDAQ:BILI)’s stock price was down 8.8% on Tuesday . The stock traded as low as $20.10 and last traded at $20.05. Approximately 3,492,512 shares changed hands during mid-day trading, a decline of 40% from the average daily 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 research reports. Daiwa Capital Markets upgraded shares of Bilibili from a “neutral” rating to a “buy” rating in a research report on Friday, November 8th. Mizuho upped their price objective on shares of Bilibili from $17.00 to $21.00 and gave the company an “outperform” rating in a report on Tuesday, November 12th. Benchmark raised their target price on Bilibili from $16.00 to $24.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Bank of America boosted their target price on Bilibili from $19.00 to $22.50 and gave the company a “buy” rating in a research report on Friday, October 25th. Finally, Daiwa America upgraded Bilibili from a “hold” rating to a “strong-buy” rating in a report on Friday, November 8th. Three equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $19.69.

Bilibili Trading Down 5.4 %

The stock has a market capitalization of $8.62 billion, a P/E ratio of -22.62 and a beta of 0.81. The business has a fifty day simple moving average of $18.16 and a 200 day simple moving average of $18.46.

Institutional Investors Weigh In On Bilibili

Several institutional investors have recently bought and sold shares of the stock. Signaturefd LLC lifted its stake in Bilibili by 6.5% during the 3rd quarter. Signaturefd LLC now owns 9,731 shares of the company’s stock valued at $228,000 after acquiring an additional 598 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew 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 worth $82,000 after acquiring an additional 735 shares in the last quarter. Laird Norton Wetherby Wealth Management LLC raised its holdings in shares of Bilibili by 3.3% in the fourth quarter. Laird Norton Wetherby Wealth Management LLC now owns 23,109 shares of the company’s stock valued at $419,000 after purchasing an additional 749 shares during the last quarter. Blue Trust Inc. lifted its position in shares of Bilibili by 227.3% during the third quarter. Blue Trust Inc. now owns 1,283 shares of the company’s stock valued at $30,000 after purchasing an additional 891 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of Bilibili by 1.0% during the fourth quarter. Geode Capital Management LLC now owns 110,560 shares of the company’s stock valued at $2,002,000 after purchasing an additional 1,140 shares in the last quarter. Institutional investors own 16.08% of the company’s stock.

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.