Bilibili (NASDAQ:BILI) Shares Down 4.1%

Bilibili Inc. (NASDAQ:BILI) traded down 4.1% during trading on Friday . The company traded as low as $11.63 and last traded at $11.73. 543,849 shares were traded during trading, a decline of 92% from the average session volume of 7,044,237 shares. The stock had previously closed at $12.23.

Analyst Ratings Changes

A number of brokerages recently commented on BILI. Citigroup lowered Bilibili from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $18.00 to $12.50 in a research note on Monday, March 11th. Daiwa Capital Markets cut Bilibili from a “buy” rating to a “neutral” rating in a report on Friday, January 19th. JPMorgan Chase & Co. raised Bilibili from an “underweight” rating to a “neutral” rating and upped their price objective for the company from $10.00 to $11.00 in a research report on Monday, March 11th. Finally, Mizuho dropped their price target on Bilibili from $18.00 to $16.00 and set a “buy” rating on the stock in a research report on Wednesday, January 17th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $15.26.

Bilibili Stock Down 6.1 %

The firm has a market cap of $4.73 billion, a price-to-earnings ratio of -7.00 and a beta of 0.99. The firm has a fifty day moving average price of $10.83 and a 200-day moving average price of $11.79.

Bilibili (NASDAQ:BILI) last posted its earnings results on Thursday, March 7th. The company reported ($0.28) EPS for the quarter, missing the consensus estimate of ($0.25) by ($0.03). The company had revenue of $881.13 million for the quarter, compared to the consensus estimate of $891.61 million. Bilibili had a negative net margin of 21.34% and a negative return on equity of 28.12%. Equities research analysts anticipate that Bilibili Inc. will post -0.54 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Bilibili

A number of large investors have recently bought and sold shares of the business. Vident Advisory LLC acquired a new position in Bilibili in the fourth quarter worth about $139,000. Profund Advisors LLC boosted its stake in Bilibili by 32.2% in the fourth quarter. Profund Advisors LLC now owns 51,647 shares of the company’s stock valued at $629,000 after acquiring an additional 12,576 shares during the last quarter. Bayesian Capital Management LP grew its holdings in shares of Bilibili by 182.0% in the 4th quarter. Bayesian Capital Management LP now owns 62,500 shares of the company’s stock valued at $761,000 after buying an additional 40,339 shares during the period. Creative Planning acquired a new position in shares of Bilibili in the 4th quarter valued at $139,000. Finally, Cubist Systematic Strategies LLC grew its holdings in shares of Bilibili by 5,117.9% in the 4th quarter. Cubist Systematic Strategies LLC now owns 237,496 shares of the company’s stock valued at $2,890,000 after buying an additional 242,229 shares during the period. 16.08% of the stock is currently owned by institutional investors.

About Bilibili

Bilibili Inc provides online entertainment services for the young generations in the People's Republic of China. It offers a range of digital content, including professional user generated videos, mobile games, and value-added services, such as live broadcasting, occupationally generated videos, audio drama on Maoer, and comics on Bilibili Comic.