Bilibili (NASDAQ:BILI) Shares Gap Down to $14.77

Bilibili Inc. (NASDAQ:BILI - Get Free Report) shares gapped down prior to trading on Tuesday . The stock had previously closed at $14.77, but opened at $13.94. Bilibili shares last traded at $14.02, with a volume of 2,652,528 shares changing hands.

Analyst Upgrades and Downgrades

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

Bilibili Trading Down 6.1 %

The company's 50 day moving average is $11.62 and its 200-day moving average is $11.66. The firm has a market capitalization of $5.72 billion, a price-to-earnings ratio of -8.46 and a beta of 0.96.

Bilibili (NASDAQ:BILI - Get Free Report) last issued its earnings results on Thursday, March 7th. The company reported ($0.28) EPS for the quarter, missing the consensus estimate 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 business had revenue of $881.13 million for the quarter, compared to the consensus estimate of $891.61 million. Research analysts expect that Bilibili Inc. will post -0.55 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of BILI. Greenleaf Trust boosted its holdings in shares of Bilibili by 5.5% during the third quarter. Greenleaf Trust now owns 21,614 shares of the company's stock worth $298,000 after acquiring an additional 1,127 shares during the period. Principal Financial Group Inc. boosted its stake in Bilibili by 7.1% in the 3rd quarter. Principal Financial Group Inc. now owns 18,036 shares of the company's stock valued at $248,000 after purchasing an additional 1,202 shares during the period. Vontobel Holding Ltd. boosted its stake in Bilibili by 4.1% in the 4th quarter. Vontobel Holding Ltd. now owns 36,439 shares of the company's stock valued at $443,000 after purchasing an additional 1,424 shares during the period. Daiwa Securities Group Inc. grew its holdings in Bilibili by 29.1% in 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 in the last quarter. Finally, Quadrant Capital Group LLC increased its position in Bilibili by 19.3% during the 4th quarter. Quadrant Capital Group LLC now owns 10,283 shares of the company's stock worth $125,000 after buying an additional 1,667 shares during the period. Institutional investors and hedge funds 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.