Bilibili (NASDAQ:BILI) Stock Price Down 2%

Shares of Bilibili Inc. (NASDAQ:BILI) traded down 2% on Friday . The stock traded as low as $17.27 and last traded at $17.27. 700,525 shares changed hands during trading, a decline of 90% from the average session volume of 7,197,392 shares. The stock had previously closed at $17.62.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. JPMorgan Chase & Co. upgraded Bilibili from a “neutral” rating to an “overweight” rating and set a $21.00 price target for the company in a research note on Tuesday, June 18th. UBS Group upgraded Bilibili from a “neutral” rating to a “buy” rating and increased their price target for the stock from $11.90 to $18.00 in a research note on Friday, May 31st. Benchmark increased their price target on Bilibili from $15.00 to $16.00 and gave the stock a “buy” rating in a research note on Friday, May 24th. Barclays upgraded Bilibili from an “underweight” rating to an “equal weight” rating and increased their price target for the stock from $10.00 to $14.00 in a research note on Friday, May 24th. Finally, Mizuho increased their price objective on Bilibili from $15.00 to $17.00 and gave the stock a “buy” rating in a report on Friday, May 10th. Six analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $16.90.

Bilibili Trading Down 5.3 %

The firm has a fifty day simple moving average of $15.41 and a two-hundred day simple moving average of $12.48. The stock has a market cap of $6.89 billion, a PE ratio of -9.96 and a beta of 0.85.

Bilibili (NASDAQ:BILI) last released its quarterly earnings results 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 firm had revenue of $791.16 million for the quarter, compared to analysts’ expectations of $775.06 million. Equities analysts forecast that Bilibili Inc. will post -0.46 earnings per share for the current year.

Hedge Funds Weigh In On Bilibili

Large investors have recently modified their holdings of the company. CWM LLC raised its holdings in shares of Bilibili by 61.9% during the 2nd quarter. CWM LLC now owns 2,232 shares of the company’s stock valued at $34,000 after buying an additional 853 shares in the last quarter. Mizuho Securities Co. Ltd. purchased a new position in shares of Bilibili during the 4th quarter valued at about $55,000. Parallel Advisors LLC raised its holdings in shares of Bilibili by 62.6% during the 4th quarter. Parallel Advisors LLC now owns 4,503 shares of the company’s stock valued at $55,000 after buying an additional 1,734 shares in the last quarter. Tower Research Capital LLC TRC raised its holdings in shares of Bilibili by 349.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 6,703 shares of the company’s stock valued at $82,000 after buying an additional 5,210 shares in the last quarter. Finally, Daiwa Securities Group Inc. raised its holdings in shares of Bilibili by 29.1% during the 4th quarter. Daiwa Securities Group Inc. now owns 6,970 shares of the company’s stock valued at $85,000 after buying an additional 1,569 shares in the last quarter. 16.08% of the stock is owned by hedge funds and other institutional investors.

Bilibili Company Profile

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.