Bilibili Inc. (NASDAQ:BILI - Get Free Report) shares fell 8.8% on Tuesday . The stock traded as low as $20.10 and last traded at $20.05. 3,492,512 shares changed hands during trading, a decline of 40% from the average session volume of 5,809,630 shares. The stock had previously closed at $21.99.
Analyst Ratings Changes
Several research firms have recently weighed in on BILI. Benchmark raised their price objective on Bilibili from $24.00 to $30.00 and gave the stock a "buy" rating in a research note on Friday. Barclays boosted their price target on shares of Bilibili from $24.00 to $25.00 and gave the company an "overweight" rating in a report on Friday. Daiwa America upgraded shares of Bilibili from a "hold" rating to a "strong-buy" rating in a report on Friday, November 8th. Bank of America boosted their price target on shares of Bilibili from $19.00 to $22.50 and gave the company a "buy" rating in a report on Friday, October 25th. Finally, Mizuho boosted their price target on shares of Bilibili from $17.00 to $21.00 and gave the company an "outperform" rating in a report on Tuesday, November 12th. Three equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $20.33.
Check Out Our Latest Stock Analysis on BILI
Bilibili Stock Up 3.2 %
The firm has a market capitalization of $9.46 billion, a price-to-earnings ratio of -24.80 and a beta of 0.81. The stock's 50 day moving average price is $18.27 and its two-hundred day moving average price is $18.58.
Bilibili (NASDAQ:BILI - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.05 earnings per share for the quarter, topping analysts' consensus estimates of $0.03 by $0.02. Bilibili had a negative net margin of 10.73% and a negative return on equity of 15.17%. The business had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.05 billion. On average, equities analysts expect that Bilibili Inc. will post -0.39 EPS for the current fiscal year.
Institutional Trading of Bilibili
A number of institutional investors have recently added to or reduced their stakes in the business. Signaturefd LLC lifted 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 acquiring an additional 598 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Bilibili by 26.3% in 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 valued at $82,000 after acquiring an additional 735 shares during the last quarter. Laird Norton Wetherby Wealth Management LLC increased its holdings in shares of Bilibili by 3.3% during the 4th quarter. Laird Norton Wetherby Wealth Management LLC now owns 23,109 shares of the company's stock valued at $419,000 after acquiring an additional 749 shares during the last quarter. Blue Trust Inc. increased its holdings in shares of Bilibili by 227.3% during 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 during the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of Bilibili by 1.0% during the 4th quarter. Geode Capital Management LLC now owns 110,560 shares of the company's stock valued at $2,002,000 after acquiring an additional 1,140 shares during the last quarter. 16.08% of the stock is currently owned by institutional investors and hedge funds.
About Bilibili
(
Get Free Report)
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.
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