Bilibili (NASDAQ:BILI) Shares Down 2%

Bilibili Inc. (NASDAQ:BILI - Get Free Report)'s share price dropped 2% on Friday . The company traded as low as $17.27 and last traded at $17.27. Approximately 700,525 shares changed hands during mid-day trading, a decline of 90% from the average daily volume of 7,197,392 shares. The stock had previously closed at $17.62.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on BILI. Mizuho raised their target price on shares of Bilibili from $15.00 to $17.00 and gave the company a "buy" rating in a research note on Friday, May 10th. Benchmark raised their price target on Bilibili from $15.00 to $16.00 and gave the company a "buy" rating in a research report on Friday, May 24th. UBS Group raised Bilibili from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $11.90 to $18.00 in a research report on Friday, May 31st. JPMorgan Chase & Co. raised Bilibili from a "neutral" rating to an "overweight" rating and set a $21.00 target price on the stock in a report on Tuesday, June 18th. Finally, Barclays raised Bilibili from an "underweight" rating to an "equal weight" rating and lifted their price target for the stock from $10.00 to $14.00 in a research report on Friday, May 24th. Six investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $16.90.

Bilibili Trading Down 5.2 %

The stock has a market cap of $6.90 billion, a P/E ratio of -10.01 and a beta of 0.85. The company's fifty day simple moving average is $15.45 and its 200-day simple moving average is $12.52.

Bilibili (NASDAQ:BILI - Get Free Report) last released its quarterly earnings data on Thursday, May 23rd. The company reported ($0.24) earnings per share for the quarter, beating the consensus estimate of ($0.26) by $0.02. Bilibili had a negative return on equity of 26.46% and a negative net margin of 21.41%. The company had revenue of $791.16 million for the quarter, compared to analyst estimates of $775.06 million. As a group, analysts expect that Bilibili Inc. will post -0.46 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. OLD Mission Capital LLC acquired a new stake in shares of Bilibili in the 1st quarter valued at $14,849,000. XY Capital Ltd acquired a new position in Bilibili in the first quarter valued at about $6,632,000. SIH Partners LLLP grew its stake in Bilibili by 761.2% during the first quarter. SIH Partners LLLP now owns 486,220 shares of the company's stock worth $5,446,000 after buying an additional 429,760 shares during the last quarter. Janus Henderson Group PLC bought a new stake in Bilibili during the first quarter worth about $3,918,000. Finally, LifePro Asset Management acquired a new stake in shares of Bilibili during the second quarter worth approximately $3,652,000. 16.08% of the stock is currently 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.