Bilibili (NASDAQ:BILI) Stock Price Down 2.7%

Bilibili Inc. (NASDAQ:BILI) shares were down 2.7% during trading on Monday . The stock traded as low as $14.41 and last traded at $14.43. Approximately 1,442,120 shares traded hands during mid-day trading, a decline of 80% from the average daily volume of 7,221,911 shares. The stock had previously closed at $14.83.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on BILI shares. Citigroup lowered shares of Bilibili from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $18.00 to $12.50 in a report on Monday, March 11th. Daiwa Capital Markets cut Bilibili from a “buy” rating to a “neutral” rating in a research report on Friday, January 19th. Mizuho cut their target price on Bilibili from $18.00 to $16.00 and set a “buy” rating for the company in a research note on Wednesday, January 17th. Finally, JPMorgan Chase & Co. raised Bilibili from an “underweight” rating to a “neutral” rating and increased their target price for the stock from $10.00 to $11.00 in a research note on Monday, March 11th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $15.26.

Bilibili Stock Performance

The firm has a market capitalization of $5.63 billion, a price-to-earnings ratio of -8.33 and a beta of 0.96. The business’s 50-day moving average is $11.77 and its two-hundred day moving average is $11.68.

Bilibili (NASDAQ:BILI) last released its earnings results on Thursday, March 7th. The company reported ($0.28) earnings per share for the quarter, missing the consensus estimate of ($0.25) by ($0.03). Bilibili had a negative net margin of 21.34% and a negative return on equity of 28.12%. The firm had revenue of $881.13 million during the quarter, compared to the consensus estimate of $891.61 million. Analysts forecast that Bilibili Inc. will post -0.55 EPS for the current year.

Hedge Funds Weigh In On Bilibili

A number of institutional investors have recently modified their holdings of BILI. Artisan Partners Limited Partnership raised its holdings in shares of Bilibili by 3.9% in the 3rd quarter. Artisan Partners Limited Partnership now owns 3,790,190 shares of the company’s stock valued at $52,191,000 after acquiring an additional 143,881 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Bilibili by 30.7% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 687,069 shares of the company’s stock valued at $9,461,000 after buying an additional 161,396 shares during the period. XY Capital Ltd purchased a new stake in Bilibili in the first quarter worth $6,632,000. SIH Partners LLLP boosted its holdings in Bilibili by 761.2% in the first quarter. SIH Partners LLLP now owns 486,220 shares of the company’s stock worth $5,446,000 after acquiring an additional 429,760 shares in the last quarter. Finally, Edmond DE Rothschild Holding S.A. boosted its holdings in Bilibili by 10.2% in the first quarter. Edmond DE Rothschild Holding S.A. now owns 323,935 shares of the company’s stock worth $3,628,000 after acquiring an additional 30,000 shares in 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.