Bilibili (BILI) Trading Down 7.1%
Bilibili Inc – (NASDAQ:BILI) dropped 7.1% on Wednesday . The stock traded as low as $14.11 and last traded at $14.33. Approximately 4,899,862 shares were traded during trading, an increase of 16% from the average daily volume of 4,212,664 shares. The stock had previously closed at $15.42.
Several research firms have commented on BILI. Bank of America decreased their target price on shares of Bilibili from $17.30 to $15.00 and set a “buy” rating for the company in a research report on Tuesday, September 11th. Morgan Stanley downgraded shares of Bilibili from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $13.50 to $11.00 in a research report on Monday, September 24th. Zacks Investment Research upgraded shares of Bilibili from a “sell” rating to a “hold” rating in a research report on Tuesday, October 30th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Bilibili from $16.00 to $14.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 29th.
Bilibili (NASDAQ:BILI) last announced its quarterly earnings data on Tuesday, November 20th. The company reported ($0.13) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.11) by ($0.02). The firm had revenue of $157.08 million for the quarter, compared to analyst estimates of $147.46 million. As a group, research analysts forecast that Bilibili Inc – will post -0.43 EPS for the current year.
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Bilibili Company Profile (NASDAQ:BILI)
Bilibili Inc provides online entertainment services for the young generations in the People's Republic of China. It offers a platform that covers a range of genres and media formats, including videos, live broadcasting, and mobile games. Bilibili Inc has a strategic collaboration agreement with Tencent Holdings Limited for sharing and operating existing and additional anime and games on its platform in China.
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