Bilibili (NASDAQ:BILI) Shares Gap Down - Should You Sell?

Key Points

• Bilibili's shares gapped down from a previous close of $27.34 to $26.43 at market open, and are currently trading at $25.81 with significant trading volume.
• Analysts have varied opinions on Bilibili, with JPMorgan downgrading its rating to "neutral," while other firms like HSBC and Bank of America maintain "buy" ratings and adjust price targets upwards.
• Recent activity among institutional investors shows an increasing interest in Bilibili, with 16.08% of the stock now owned by these entities including notable increases from firms like Brooklyn Investment Group.

Bilibili Inc. Sponsored ADR (NASDAQ:BILI - Get Free Report)'s share price gapped down prior to trading on Friday . The stock had previously closed at $27.34, but opened at $26.43. Bilibili shares last traded at $25.81, with a volume of 878,061 shares changing hands.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. JPMorgan Chase & Co. lowered shares of Bilibili from an "overweight" rating to a "neutral" rating and raised their price target for the company from $21.00 to $24.00 in a report on Monday, July 28th. HSBC reissued a "buy" rating on shares of Bilibili in a report on Tuesday, July 15th. Bank of America raised their price target on shares of Bilibili from $25.00 to $27.00 and gave the company a "buy" rating in a report on Thursday, July 17th. Wall Street Zen raised shares of Bilibili from a "hold" rating to a "buy" rating in a report on Saturday, August 23rd. Finally, Barclays raised their price objective on shares of Bilibili from $25.00 to $28.00 and gave the company an "overweight" rating in a research note on Friday, August 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, Bilibili currently has a consensus rating of "Buy" and a consensus price target of $25.81.

Bilibili Trading Down 4.8%

The business's 50 day simple moving average is $24.15 and its 200-day simple moving average is $20.91. The stock has a market capitalization of $10.88 billion, a P/E ratio of 371.59 and a beta of 0.94. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.60 and a quick ratio of 1.60.

Hedge Funds Weigh In On Bilibili

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. SVB Wealth LLC bought a new stake in Bilibili in the 1st quarter valued at $31,000. FNY Investment Advisers LLC bought a new stake in Bilibili in the 1st quarter valued at $57,000. Brooklyn Investment Group lifted its position in Bilibili by 10,989.7% in the 1st quarter. Brooklyn Investment Group now owns 3,216 shares of the company's stock valued at $61,000 after acquiring an additional 3,187 shares in the last quarter. Banque Transatlantique SA bought a new stake in Bilibili in the 1st quarter valued at $80,000. Finally, Advisors Asset Management Inc. lifted its position in Bilibili by 16.6% in the 1st quarter. Advisors Asset Management Inc. now owns 5,280 shares of the company's stock valued at $101,000 after acquiring an additional 751 shares in the last quarter. 16.08% of the stock is 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.

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