Bilibili (NASDAQ:BILI) Trading Down 3.2% - What's Next?

Bilibili Inc. (NASDAQ:BILI - Get Free Report) shares fell 3.2% during trading on Friday . The company traded as low as $19.51 and last traded at $19.61. 911,352 shares were traded during trading, a decline of 87% from the average session volume of 7,108,310 shares. The stock had previously closed at $20.25.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. The Goldman Sachs Group raised Bilibili from a "neutral" rating to a "buy" rating and increased their price target for the company from $16.50 to $22.60 in a research note on Thursday, September 26th. Mizuho increased 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. Daiwa Capital Markets upgraded Bilibili from a "neutral" rating to a "buy" rating in a report on Friday, November 8th. Benchmark upped their price target on Bilibili from $16.00 to $24.00 and gave the company a "buy" rating in a research note on Friday, November 15th. Finally, Bank of America lifted their price objective on shares of Bilibili from $19.00 to $22.50 and gave the stock a "buy" rating in a research note on Friday, October 25th. Three equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $19.69.

Bilibili Price Performance

The stock has a market cap of $8.21 billion, a P/E ratio of -21.53 and a beta of 0.80. The stock's 50 day simple moving average is $20.72 and its two-hundred day simple moving average is $17.66.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of BILI. Blue Trust Inc. lifted its stake in Bilibili by 227.3% in the 3rd quarter. Blue Trust Inc. now owns 1,283 shares of the company's stock valued at $30,000 after acquiring an additional 891 shares in the last quarter. CWM LLC raised its holdings in shares of Bilibili by 61.9% in the second quarter. CWM LLC now owns 2,232 shares of the company's stock valued at $34,000 after purchasing an additional 853 shares during the last quarter. TD Private Client Wealth LLC bought a new stake in shares of Bilibili in the third quarter worth $53,000. Venturi Wealth Management LLC acquired a new position in Bilibili during the third quarter worth $63,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in 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. 16.08% of the stock is owned by institutional investors and hedge funds.

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.