Bilibili (NASDAQ:BILI) Shares Gap Down – Should You Sell?
by Doug Wharley · The Cerbat GemBilibili Inc. Sponsored ADR (NASDAQ:BILI – Get Free Report) gapped down prior to trading on Thursday . The stock had previously closed at $22.34, but opened at $21.14. Bilibili shares last traded at $20.7920, with a volume of 964,568 shares traded.
Analysts Set New Price Targets
A number of research analysts recently commented on the stock. Morgan Stanley raised shares of Bilibili from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $25.00 to $31.00 in a research report on Monday, April 13th. Citigroup raised shares of Bilibili from a “neutral” rating to a “buy” rating and set a $27.00 target price for the company in a research note on Friday, March 27th. Weiss Ratings restated a “hold (c-)” rating on shares of Bilibili in a report on Monday, April 20th. JPMorgan Chase & Co. raised shares of Bilibili from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $27.00 to $35.00 in a research note on Tuesday, March 17th. Finally, Wall Street Zen lowered Bilibili from a “buy” rating to a “hold” rating in a report on Sunday, April 26th. Nine equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, Bilibili has an average rating of “Moderate Buy” and an average target price of $30.55.
Check Out Our Latest Research Report on Bilibili
Bilibili Stock Performance
The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.31. The stock has a market cap of $8.50 billion, a P/E ratio of 53.86 and a beta of 0.79. The firm’s 50-day moving average is $23.76 and its two-hundred day moving average is $26.84.
Institutional Investors Weigh In On Bilibili
Institutional investors and hedge funds have recently modified their holdings of the business. Morgan Stanley boosted its holdings in Bilibili by 187.2% in the fourth quarter. Morgan Stanley now owns 3,846,849 shares of the company’s stock worth $94,594,000 after purchasing an additional 2,507,321 shares in the last quarter. Step Capital Management Pte. Ltd. acquired a new stake in shares of Bilibili in the fourth quarter worth about $24,590,000. SIH Partners LLLP boosted its stake in shares of Bilibili by 327.1% during the 4th quarter. SIH Partners LLLP now owns 1,021,800 shares of the company’s stock worth $25,126,000 after acquiring an additional 782,540 shares in the last quarter. MY.Alpha Management HK Advisors Ltd bought a new stake in shares of Bilibili during the 4th quarter worth about $16,620,000. Finally, Panagora Asset Management Inc. increased its holdings in shares of Bilibili by 138.0% during the 4th quarter. Panagora Asset Management Inc. now owns 869,388 shares of the company’s stock valued at $21,378,000 after acquiring an additional 504,070 shares during the last quarter. Institutional investors and hedge funds own 16.08% of the company’s stock.
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.