Bilibili (NASDAQ:BILI) Shares Down 5.7% - Here's Why

Bilibili Inc. (NASDAQ:BILI - Get Free Report)'s stock price fell 5.7% during mid-day trading on Wednesday . The stock traded as low as $21.41 and last traded at $21.47. 1,600,341 shares changed hands during mid-day trading, a decline of 78% from the average session volume of 7,413,792 shares. The stock had previously closed at $22.77.

Analyst Ratings Changes

Several research firms have recently issued reports on BILI. Nomura Securities cut Bilibili from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, February 25th. Benchmark increased their price target on Bilibili from $24.00 to $30.00 and gave the stock a "buy" rating in a research note on Friday, February 21st. Finally, Barclays increased their price target on Bilibili from $24.00 to $25.00 and gave the stock an "overweight" rating in a research note on Friday, February 21st. Three analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Bilibili has a consensus rating of "Moderate Buy" and an average price target of $21.11.

Bilibili Price Performance

The company has a 50 day moving average of $19.04 and a two-hundred day moving average of $19.38. The firm has a market cap of $8.88 billion, a P/E ratio of -47.64 and a beta of 0.93. The company has a quick ratio of 1.05, a current ratio of 1.34 and a debt-to-equity ratio of 0.23.

Bilibili (NASDAQ:BILI - Get Free Report) last released its quarterly earnings results on Thursday, February 20th. The company reported $0.05 earnings per share for the quarter, beating analysts' consensus estimates of $0.03 by $0.02. Bilibili had a negative return on equity of 8.23% and a negative net margin of 5.01%. The business had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.05 billion. Sell-side analysts expect that Bilibili Inc. will post 0.16 EPS for the current year.

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Hedge Funds Weigh In On Bilibili

A number of hedge funds and other institutional investors have recently modified their holdings of BILI. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Bilibili by 26.3% in the 3rd 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 acquiring an additional 735 shares in the last quarter. Laird Norton Wetherby Wealth Management LLC lifted its stake in Bilibili by 3.3% in the 4th quarter. Laird Norton Wetherby Wealth Management LLC now owns 23,109 shares of the company's stock worth $419,000 after acquiring an additional 749 shares in the last quarter. Geode Capital Management LLC lifted its stake in Bilibili by 1.0% in the 4th quarter. Geode Capital Management LLC now owns 110,560 shares of the company's stock worth $2,002,000 after acquiring an additional 1,140 shares in the last quarter. Avior Wealth Management LLC lifted its stake in Bilibili by 1,817.7% in the 4th quarter. Avior Wealth Management LLC now owns 1,515 shares of the company's stock worth $27,000 after acquiring an additional 1,436 shares in the last quarter. Finally, Legal & General Group Plc lifted its stake in Bilibili by 4.1% in the 4th quarter. Legal & General Group Plc now owns 46,629 shares of the company's stock worth $845,000 after acquiring an additional 1,839 shares in the last quarter. Institutional investors and hedge funds 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.