Bilibili (NASDAQ:BILI) Shares Gap Down – Here’s Why

Bilibili Inc. Sponsored ADR (NASDAQ:BILI) gapped down before the market opened on Thursday . The stock had previously closed at $27.50, but opened at $26.11. Bilibili shares last traded at $25.93, with a volume of 4,600,235 shares changing hands.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on BILI shares. Citigroup increased their target price on shares of Bilibili from $25.00 to $27.00 and gave the stock a “neutral” rating in a research report on Friday, November 14th. JPMorgan Chase & Co. upped their price objective on shares of Bilibili from $24.00 to $27.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 18th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Bilibili in a report on Wednesday, January 21st. Benchmark boosted their target price on Bilibili from $28.00 to $29.00 and gave the stock a “buy” rating in a report on Friday, November 14th. Finally, Wall Street Zen upgraded Bilibili from a “hold” rating to a “buy” rating in a research report on Sunday. Six equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, Bilibili presently has a consensus rating of “Moderate Buy” and a consensus target price of $29.61.

Bilibili Price Performance

The company has a debt-to-equity ratio of 0.54, a current ratio of 1.64 and a quick ratio of 1.64. The firm has a market capitalization of $10.81 billion, a P/E ratio of 103.44 and a beta of 0.75. The company’s 50 day moving average price is $30.05 and its 200 day moving average price is $27.61.

Bilibili (NASDAQ:BILI) last posted its quarterly earnings data on Thursday, March 5th. The company reported $1.94 earnings per share for the quarter, topping the consensus estimate of $0.27 by $1.67. Bilibili had a net margin of 2.60% and a return on equity of 6.99%. The firm’s quarterly revenue was up 7.6% on a year-over-year basis. During the same period in the previous year, the firm posted $1.07 earnings per share. As a group, sell-side analysts anticipate that Bilibili Inc. Sponsored ADR will post 0.16 EPS for the current fiscal year.

Institutional Trading of Bilibili

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Compound Planning Inc. lifted its position in Bilibili by 20.3% during the 4th quarter. Compound Planning Inc. now owns 9,608 shares of the company’s stock valued at $236,000 after purchasing an additional 1,624 shares during the period. XTX Topco Ltd bought a new stake in shares of Bilibili during the fourth quarter worth approximately $766,000. Voloridge Investment Management LLC acquired a new position in Bilibili in the fourth quarter valued at approximately $954,000. Quadrature Capital Ltd lifted its holdings in Bilibili by 6.9% in the fourth quarter. Quadrature Capital Ltd now owns 97,068 shares of the company’s stock valued at $2,387,000 after buying an additional 6,223 shares during the period. Finally, Engineers Gate Manager LP boosted its stake in Bilibili by 59.6% in the fourth quarter. Engineers Gate Manager LP now owns 23,266 shares of the company’s stock valued at $572,000 after acquiring an additional 8,688 shares during the last quarter. 16.08% of the stock is currently owned by institutional investors and hedge funds.

Bilibili Company Profile

Bilibili (NASDAQ: BILI) is a leading Chinese online entertainment platform renowned for its focus on animation, comics and games (ACG) content. The company operates a video-sharing website where users can view, upload and comment on a wide range of content, from full-length anime episodes to user-generated short videos. In addition to on-demand streaming, Bilibili offers live broadcasting services that connect creators with fans through real-time interaction features such as “bullet comments” that flow across the screen.

Beyond its core video community, Bilibili generates revenue through multiple value-added services.