Bilibili (NASDAQ:BILI) Shares Gap Down to $79.50

Bilibili Inc. (NASDAQ:BILI) shares gapped down before the market opened on Wednesday . The stock had previously closed at $79.50, but opened at $77.35. Bilibili shares last traded at $76.14, with a volume of 19,675 shares trading hands.

BILI has been the topic of several research analyst reports. The Goldman Sachs Group decreased their price target on shares of Bilibili from $122.00 to $105.00 and set a “buy” rating on the stock in a research note on Tuesday, August 24th. KGI Securities began coverage on shares of Bilibili in a research note on Monday, September 6th. They issued an “outperform” rating on the stock. CLSA decreased their target price on shares of Bilibili from $114.00 to $76.50 and set an “outperform” rating for the company in a research report on Friday, August 20th. HSBC decreased their price target on shares of Bilibili from $140.00 to $127.00 and set a “buy” rating for the company in a report on Friday, August 20th. Finally, Zacks Investment Research upgraded shares of Bilibili from a “sell” rating to a “hold” rating in a research note on Thursday, August 26th. One analyst has rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $97.75.

The company’s fifty day moving average price is $87.26 and its two-hundred day moving average price is $101.71. The company has a debt-to-equity ratio of 0.32, a quick ratio of 3.50 and a current ratio of 3.50. The firm has a market capitalization of $23.64 billion, a PE ratio of -45.46 and a beta of 1.19.

Bilibili (NASDAQ:BILI) last released its quarterly earnings results on Wednesday, August 18th. The company reported ($2.23) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.55) by ($1.68). The company had revenue of $4.50 billion for the quarter, compared to analyst estimates of $4.30 billion. Bilibili had a negative return on equity of 23.68% and a negative net margin of 25.45%. The firm’s quarterly revenue was up 71.7% compared to the same quarter last year. During the same period in the previous year, the business posted ($1.35) EPS. On average, equities analysts expect that Bilibili Inc. will post -2.28 earnings per share for the current year.

A number of institutional investors and hedge funds have recently modified their holdings of BILI. Standard Life Aberdeen plc lifted its holdings in shares of Bilibili by 57.0% during the 1st quarter. Standard Life Aberdeen plc now owns 13,184 shares of the company’s stock valued at $1,411,000 after buying an additional 4,789 shares during the last quarter. Royal Bank of Canada increased its position in shares of Bilibili by 93.6% during the first quarter. Royal Bank of Canada now owns 46,347 shares of the company’s stock valued at $4,962,000 after purchasing an additional 22,413 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its position in shares of Bilibili by 2.3% during the second quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 457,215 shares of the company’s stock valued at $55,707,000 after purchasing an additional 10,261 shares during the period. Comerica Bank grew its position in Bilibili by 14.0% in the first quarter. Comerica Bank now owns 18,033 shares of the company’s stock valued at $2,104,000 after acquiring an additional 2,221 shares during the period. Finally, Price T Rowe Associates Inc. MD bought a new stake in Bilibili in the first quarter valued at $604,000. 48.13% of the stock is currently owned by hedge funds and other institutional investors.

About Bilibili (NASDAQ:BILI)

Bilibili, Inc is a holding company, which represents the iconic brand of online entertainment for young generations in China. It offers a wide array of content serving young generations’ diverse interests. The firm enables broad video-based content consumption scenarios centered around professional user generated videos, or professional user generated videos (PUGV), supplemented with live broadcasting, occupationally generated videos, or occupationally generated videos (OGV), and more.

Featured Article: Why are analyst ratings important in trading stocks?

Receive News & Ratings for Bilibili Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bilibili and related companies with MarketBeat.com's FREE daily email newsletter.