Bilibili (NASDAQ:BILI) Shares Gap Down – Time to Sell?

Bilibili Inc. Sponsored ADR (NASDAQ:BILI)’s stock price gapped down before the market opened on Thursday . The stock had previously closed at $17.31, but opened at $16.61. Bilibili shares last traded at $16.6360, with a volume of 704,505 shares.

Analyst Ratings Changes

BILI has been the topic of several research reports. Benchmark reissued a “buy” rating on shares of Bilibili in a research report on Wednesday, May 20th. Weiss Ratings cut Bilibili from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, June 8th. Wall Street Zen downgraded Bilibili from a “buy” rating to a “hold” rating in a research note on Sunday, April 26th. Finally, Macquarie Infrastructure reissued an “outperform” rating and issued a $30.00 price objective on shares of Bilibili in a report on Tuesday, May 19th. Eight research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $30.78.

Bilibili Stock Down 4.0%

The company has a market cap of $6.89 billion, a price-to-earnings ratio of 36.91 and a beta of 0.72. The business has a fifty day moving average of $17.72 and a two-hundred day moving average of $21.89. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.30.

Institutional Trading of Bilibili

A number of hedge funds and other institutional investors have recently modified their holdings of BILI. EverSource Wealth Advisors LLC lifted its stake in Bilibili by 76.6% during the first quarter. EverSource Wealth Advisors LLC now owns 1,628 shares of the company’s stock worth $37,000 after purchasing an additional 706 shares in the last quarter. Kestra Advisory Services LLC purchased a new position in shares of Bilibili during the fourth quarter worth $43,000. JPMorgan Chase & Co. grew its stake in shares of Bilibili by 25.7% in the second quarter. JPMorgan Chase & Co. now owns 5,295 shares of the company’s stock valued at $114,000 after buying an additional 1,081 shares in the last quarter. Parallel Advisors LLC grew its stake in shares of Bilibili by 24.0% in the first quarter. Parallel Advisors LLC now owns 6,257 shares of the company’s stock valued at $141,000 after buying an additional 1,211 shares in the last quarter. Finally, Hantz Financial Services Inc. raised its holdings in shares of Bilibili by 61.7% in the 4th quarter. Hantz Financial Services Inc. now owns 5,886 shares of the company’s stock valued at $145,000 after buying an additional 2,247 shares during the period. 16.08% of the stock is owned by institutional investors and hedge funds.

About Bilibili

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.