Bilibili Inc. (NASDAQ:BILI – Get Free Report) gapped down before the market opened on Friday after UBS Group lowered their price target on the stock from $23.00 to $22.00. The stock had previously closed at $15.35, but opened at $14.53. Bilibili shares last traded at $14.49, with a volume of 1,683,046 shares changing hands.
Several other equities analysts also recently commented on the stock. Citigroup cut their price target on shares of Bilibili from $24.00 to $22.00 in a report on Friday. JPMorgan Chase & Co. downgraded shares of Bilibili from an “overweight” rating to an “underweight” rating and set a $13.00 price target on the stock. in a report on Wednesday, July 26th. Bank of America cut their price target on shares of Bilibili from $24.00 to $22.00 in a report on Friday. Finally, HSBC cut their price target on shares of Bilibili from $17.00 to $16.00 and set a “hold” rating on the stock in a report on Tuesday, July 25th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $20.67.
Hedge Funds Weigh In On Bilibili
A number of hedge funds have recently added to or reduced their stakes in the stock. DekaBank Deutsche Girozentrale boosted its stake in shares of Bilibili by 2.1% during the first quarter. DekaBank Deutsche Girozentrale now owns 27,004 shares of the company’s stock valued at $640,000 after purchasing an additional 556 shares in the last quarter. Desjardins Global Asset Management Inc. boosted its stake in shares of Bilibili by 13.9% during the fourth quarter. Desjardins Global Asset Management Inc. now owns 5,121 shares of the company’s stock valued at $121,000 after purchasing an additional 623 shares in the last quarter. Daiwa Securities Group Inc. boosted its stake in shares of Bilibili by 24.4% during the first quarter. Daiwa Securities Group Inc. now owns 3,299 shares of the company’s stock valued at $78,000 after purchasing an additional 648 shares in the last quarter. Vanguard Personalized Indexing Management LLC boosted its stake in shares of Bilibili by 7.3% during the first quarter. Vanguard Personalized Indexing Management LLC now owns 9,806 shares of the company’s stock valued at $230,000 after purchasing an additional 666 shares in the last quarter. Finally, Aviva PLC boosted its stake in shares of Bilibili by 0.9% during the first quarter. Aviva PLC now owns 77,581 shares of the company’s stock valued at $1,985,000 after purchasing an additional 700 shares in the last quarter. 18.99% of the stock is currently owned by institutional investors.
Bilibili Trading Down 5.9 %
The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.34. The stock’s 50 day moving average price is $16.37 and its 200-day moving average price is $19.22. The stock has a market capitalization of $5.70 billion, a P/E ratio of -6.81 and a beta of 1.09.
Bilibili (NASDAQ:BILI – Get Free Report) last released its quarterly earnings data on Thursday, August 17th. The company reported ($2.33) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($2.52) by $0.19. Bilibili had a negative net margin of 26.75% and a negative return on equity of 42.16%. The firm had revenue of $5.30 billion for the quarter, compared to the consensus estimate of $5.31 billion. During the same period last year, the firm earned ($0.85) earnings per share. The company’s quarterly revenue was up 8.1% on a year-over-year basis. As a group, equities research analysts expect that Bilibili Inc. will post -1.57 earnings per share for the current year.
About Bilibili
Bilibili Inc provides online entertainment services for the young generations in the People’s Republic of China. Its platform offers a range of content, including video services, mobile games, and value-added service, as well as ACG-related comic and audio content. The company’s video services include professional user generated videos, occupationally generated videos, live broadcasting, and story mode.