Bilibili (NASDAQ:BILI) Shares Gap Down - Should You Sell?

Bilibili Inc. (NASDAQ:BILI - Get Free Report) gapped down prior to trading on Thursday . The stock had previously closed at $18.11, but opened at $17.64. Bilibili shares last traded at $17.42, with a volume of 1,213,426 shares traded.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Mizuho lifted their target price on Bilibili from $17.00 to $21.00 and gave the company an "outperform" rating in a research note on Tuesday, November 12th. Morgan Stanley initiated coverage on shares of Bilibili in a research report on Wednesday, September 25th. They set an "equal weight" rating and a $20.00 price objective on the stock. The Goldman Sachs Group upgraded shares of Bilibili from a "neutral" rating to a "buy" rating and upped their target price for the stock from $16.50 to $22.60 in a research report on Thursday, September 26th. Benchmark lifted their price target on shares of Bilibili from $16.00 to $24.00 and gave the company a "buy" rating in a report on Friday, November 15th. Finally, Barclays increased their price objective on shares of Bilibili from $19.00 to $24.00 and gave the company an "overweight" rating in a report on Monday, November 18th. Three research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, Bilibili currently has a consensus rating of "Moderate Buy" and a consensus target price of $19.69.

Bilibili Stock Performance

The firm has a market capitalization of $7.10 billion, a PE ratio of -18.62 and a beta of 0.80. The company has a fifty day simple moving average of $20.02 and a two-hundred day simple moving average of $18.07.

Bilibili (NASDAQ:BILI - Get Free Report) last released its quarterly earnings data on Thursday, November 14th. The company reported $0.57 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.10 by $0.47. The firm had revenue of $7.31 billion for the quarter, compared to the consensus estimate of $7.14 billion. Bilibili had a negative net margin of 10.73% and a negative return on equity of 15.17%. The company's quarterly revenue was up 25.8% on a year-over-year basis. During the same period last year, the firm earned ($0.39) earnings per share. On average, equities analysts anticipate that Bilibili Inc. will post -0.34 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the company. Signaturefd LLC raised its stake in Bilibili by 6.5% in the third quarter. Signaturefd LLC now owns 9,731 shares of the company's stock valued at $228,000 after buying an additional 598 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Bilibili by 26.3% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,528 shares of the company's stock worth $82,000 after purchasing an additional 735 shares during the last quarter. Blue Trust Inc. lifted its position in Bilibili by 227.3% during the third quarter. Blue Trust Inc. now owns 1,283 shares of the company's stock valued at $30,000 after purchasing an additional 891 shares during the period. Creative Planning boosted its holdings in Bilibili by 6.7% in the second quarter. Creative Planning now owns 25,819 shares of the company's stock valued at $399,000 after purchasing an additional 1,632 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC grew its position in Bilibili by 10.3% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 17,610 shares of the company's stock worth $272,000 after purchasing an additional 1,650 shares during the period. Hedge funds and other institutional investors own 16.08% of the company's stock.

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.