Bilibili (NASDAQ:BILI) Shares Down 3.1% - Time to Sell?

Shares of Bilibili Inc. (NASDAQ:BILI - Get Free Report) fell 3.1% during mid-day trading on Tuesday . The company traded as low as $17.81 and last traded at $17.88. 911,380 shares changed hands during mid-day trading, a decline of 86% from the average session volume of 6,327,316 shares. The stock had previously closed at $18.46.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on BILI. Nomura Securities downgraded shares of Bilibili from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, February 25th. Hsbc Global Res upgraded shares of Bilibili to a "strong-buy" rating in a report on Wednesday, May 21st. Barclays raised their price target on shares of Bilibili from $24.00 to $25.00 and gave the company an "overweight" rating in a report on Friday, February 21st. Wall Street Zen upgraded shares of Bilibili from a "hold" rating to a "buy" rating in a report on Saturday, May 24th. Finally, Benchmark raised their price target on shares of Bilibili from $24.00 to $30.00 and gave the company a "buy" rating in a report on Friday, February 21st. Three investment analysts have rated the stock with a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $21.56.

Bilibili Stock Up 1.1%

The stock has a market cap of $7.70 billion, a P/E ratio of -41.07 and a beta of 0.93. The company has a current ratio of 1.34, a quick ratio of 1.05 and a debt-to-equity ratio of 0.23. The firm's fifty day moving average is $17.61 and its 200 day moving average is $18.67.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Barclays PLC grew its position in Bilibili by 13.5% in the 3rd quarter. Barclays PLC now owns 127,563 shares of the company's stock worth $2,982,000 after purchasing an additional 15,136 shares during the last quarter. Blue Trust Inc. grew its position in Bilibili by 147.8% in the 4th quarter. Blue Trust Inc. now owns 3,179 shares of the company's stock worth $58,000 after purchasing an additional 1,896 shares during the last quarter. Jennison Associates LLC grew its position in Bilibili by 26.4% in the 4th quarter. Jennison Associates LLC now owns 2,285,264 shares of the company's stock worth $41,386,000 after purchasing an additional 477,740 shares during the last quarter. Ping Capital Management Inc. grew its position in Bilibili by 75.0% in the 4th quarter. Ping Capital Management Inc. now owns 35,000 shares of the company's stock worth $634,000 after purchasing an additional 15,000 shares during the last quarter. Finally, Vontobel Holding Ltd. acquired a new stake in Bilibili in the 4th quarter worth $340,000. 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.