Bilibili (NASDAQ:BILI) Shares Gap Down to $11.74

Shares of Bilibili Inc. (NASDAQ:BILI - Get Free Report) gapped down before the market opened on Tuesday . The stock had previously closed at $11.74, but opened at $11.13. Bilibili shares last traded at $11.50, with a volume of 8,235,947 shares changing hands.

Wall Street Analyst Weigh In

BILI has been the topic of a number of recent research reports. Mizuho reduced their target price on shares of Bilibili from $18.00 to $16.00 and set a "buy" rating on the stock in a research report on Wednesday, January 17th. Citigroup cut shares of Bilibili from a "buy" rating to a "neutral" rating and cut their price target for the company from $18.00 to $12.50 in a report on Monday, March 11th. Daiwa Capital Markets cut shares of Bilibili from a "buy" rating to a "neutral" rating in a report on Friday, January 19th. Finally, JPMorgan Chase & Co. raised shares of Bilibili from an "underweight" rating to a "neutral" rating and upped their price target for the company from $10.00 to $11.00 in a report on Monday, March 11th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $15.26.

Bilibili Stock Performance

The stock's fifty day moving average is $10.99 and its two-hundred day moving average is $11.68. The firm has a market cap of $4.74 billion, a price-to-earnings ratio of -6.98 and a beta of 0.99.

Bilibili (NASDAQ:BILI - Get Free Report) last released its quarterly earnings data on Thursday, March 7th. The company reported ($0.28) earnings per share for the quarter, missing analysts' consensus estimates of ($0.25) by ($0.03). Bilibili had a negative return on equity of 28.12% and a negative net margin of 21.34%. The firm had revenue of $881.13 million during the quarter, compared to analyst estimates of $891.61 million. Sell-side analysts predict that Bilibili Inc. will post -0.54 earnings per share for the current year.

Institutional Trading of Bilibili

A number of large investors have recently modified their holdings of BILI. Greenleaf Trust increased its stake in Bilibili by 5.5% during the 3rd quarter. Greenleaf Trust now owns 21,614 shares of the company's stock valued at $298,000 after buying an additional 1,127 shares during the period. Principal Financial Group Inc. increased its stake in Bilibili by 7.1% during the 3rd quarter. Principal Financial Group Inc. now owns 18,036 shares of the company's stock valued at $248,000 after buying an additional 1,202 shares during the period. Vontobel Holding Ltd. increased its stake in Bilibili by 4.1% during the 4th quarter. Vontobel Holding Ltd. now owns 36,439 shares of the company's stock valued at $443,000 after buying an additional 1,424 shares during the period. Ronald Blue Trust Inc. increased its stake in Bilibili by 79.1% during the 3rd quarter. Ronald Blue Trust Inc. now owns 3,347 shares of the company's stock valued at $51,000 after buying an additional 1,478 shares during the period. Finally, Daiwa Securities Group Inc. increased its stake in Bilibili by 29.1% during the 4th quarter. Daiwa Securities Group Inc. now owns 6,970 shares of the company's stock valued at $85,000 after buying an additional 1,569 shares during the period. Institutional investors and hedge funds own 16.08% of the company's stock.

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.