Bilibili (NASDAQ:BILI) Stock Price Down 5.7% – Time to Sell?

Bilibili Inc. (NASDAQ:BILI)’s share price dropped 5.7% on Wednesday . The company traded as low as $21.41 and last traded at $21.47. Approximately 1,600,341 shares were traded during trading, a decline of 78% from the average daily volume of 7,413,792 shares. The stock had previously closed at $22.77.

Analysts Set New Price Targets

Several equities analysts recently issued reports on BILI shares. Benchmark lifted their price objective on shares of Bilibili from $24.00 to $30.00 and gave the company a “buy” rating in a report on Friday, February 21st. Barclays increased their price objective on shares of Bilibili from $24.00 to $25.00 and gave the company an “overweight” rating in a report on Friday, February 21st. Mizuho raised their price target on shares of Bilibili from $17.00 to $21.00 and gave the stock an “outperform” rating in a report on Tuesday, November 12th. Finally, Nomura Securities cut shares of Bilibili from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 25th. Three analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $21.11.

Bilibili Stock Performance

The stock has a market cap of $8.79 billion, a P/E ratio of -47.11 and a beta of 0.93. The firm’s 50-day moving average is $18.82 and its two-hundred day moving average is $19.27. 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) last issued its earnings results on Thursday, February 20th. The company reported $0.05 EPS for the quarter, beating the consensus estimate of $0.03 by $0.02. The company had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.05 billion. Bilibili had a negative net margin of 5.01% and a negative return on equity of 8.23%. As a group, research analysts expect that Bilibili Inc. will post 0.16 EPS for the current year.

Institutional Investors Weigh In On Bilibili

Several large investors have recently made changes to their positions in the stock. Public Employees Retirement System of Ohio bought a new position in shares of Bilibili in the fourth quarter worth $2,689,000. Vise Technologies Inc. bought a new stake in Bilibili during the fourth quarter worth $329,000. Vident Advisory LLC grew its stake in Bilibili by 15.1% in the 4th quarter. Vident Advisory LLC now owns 17,226 shares of the company’s stock valued at $312,000 after purchasing an additional 2,263 shares during the period. Quantinno Capital Management LP lifted its position in shares of Bilibili by 37.1% during the 4th quarter. Quantinno Capital Management LP now owns 32,296 shares of the company’s stock valued at $585,000 after buying an additional 8,739 shares during the last quarter. Finally, Nomura Holdings Inc. purchased a new stake in Bilibili during the 4th quarter worth about $272,000. Institutional investors and hedge funds own 16.08% of the company’s stock.

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.