Bilibili (NASDAQ:BILI) Shares Gap Down - What's Next?

Bilibili Inc. (NASDAQ:BILI - Get Free Report) shares gapped down prior to trading on Tuesday . The stock had previously closed at $21.82, but opened at $20.52. Bilibili shares last traded at $20.93, with a volume of 2,352,246 shares changing hands.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Morgan Stanley initiated coverage on shares of Bilibili in a research note on Wednesday, September 25th. They set an "equal weight" rating and a $20.00 target price on the stock. The Goldman Sachs Group upgraded Bilibili from a "neutral" rating to a "buy" rating and raised their target price for the company from $16.50 to $22.60 in a research note on Thursday, September 26th. Daiwa Capital Markets lowered Bilibili from an "outperform" rating to a "neutral" rating in a report on Thursday, October 3rd. Daiwa America cut Bilibili from a "strong-buy" rating to a "hold" rating in a research note on Thursday, October 3rd. Finally, Nomura Securities raised Bilibili from a "hold" rating to a "strong-buy" rating in a research report on Thursday, August 22nd. Five investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Bilibili presently has a consensus rating of "Moderate Buy" and a consensus target price of $17.83.

Bilibili Stock Down 6.9 %

The company has a market capitalization of $8.39 billion, a P/E ratio of -12.29 and a beta of 0.86. The business's 50-day moving average is $17.31 and its two-hundred day moving average is $15.44.

Bilibili (NASDAQ:BILI - Get Free Report) last posted its earnings results on Thursday, August 22nd. The company reported ($0.65) EPS for the quarter, missing the consensus estimate of ($0.10) by ($0.55). The firm had revenue of $6.13 billion for the quarter, compared to the consensus estimate of $6.10 billion. Bilibili had a negative return on equity of 22.44% and a negative net margin of 16.71%. Bilibili's quarterly revenue was up 15.5% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.43) EPS. Analysts predict that Bilibili Inc. will post -0.37 EPS for the current year.

Institutional Investors Weigh In On Bilibili

Several large investors have recently modified their holdings of BILI. SpiderRock Advisors LLC purchased a new stake in shares of Bilibili during the first quarter worth $1,421,000. BNP Paribas Financial Markets increased its holdings in Bilibili by 62.6% during the 1st quarter. BNP Paribas Financial Markets now owns 310,999 shares of the company's stock worth $3,483,000 after acquiring an additional 119,747 shares during the period. Janney Montgomery Scott LLC bought a new stake in Bilibili during the 1st quarter worth approximately $951,000. GSA Capital Partners LLP purchased a new stake in Bilibili in the 1st quarter worth approximately $460,000. Finally, SIH Partners LLLP boosted its holdings in Bilibili by 761.2% in the 1st quarter. SIH Partners LLLP now owns 486,220 shares of the company's stock valued at $5,446,000 after purchasing an additional 429,760 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.