Bilibili (NASDAQ:BILI) Shares Gap Down – Here’s What Happened

Bilibili Inc. Sponsored ADR (NASDAQ:BILI) gapped down prior to trading on Tuesday . The stock had previously closed at $26.00, but opened at $25.06. Bilibili shares last traded at $25.06, with a volume of 339,108 shares changing hands.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on BILI shares. Wall Street Zen raised Bilibili from a “hold” rating to a “buy” rating in a research report on Sunday, November 16th. Weiss Ratings reissued a “hold (c-)” rating on shares of Bilibili in a report on Wednesday, October 8th. Citigroup boosted their target price on shares of Bilibili from $25.00 to $27.00 and gave the stock a “neutral” rating in a report on Friday, November 14th. Barclays upped their price target on shares of Bilibili from $28.00 to $34.00 and gave the stock an “overweight” rating in a research report on Friday, November 14th. Finally, Macquarie started coverage on shares of Bilibili in a research report on Tuesday, October 14th. They issued an “outperform” rating and a $36.03 price objective for the company. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $29.61.

Bilibili Stock Performance

The stock has a market capitalization of $10.35 billion, a price-to-earnings ratio of 99.00 and a beta of 0.73. The company’s fifty day simple moving average is $27.48 and its 200 day simple moving average is $24.44. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 0.54.

Institutional Investors Weigh In On Bilibili

A number of institutional investors have recently made changes to their positions in the company. SVB Wealth LLC bought a new position in shares of Bilibili during the first quarter worth approximately $31,000. Brooklyn Investment Group lifted its holdings in shares of Bilibili by 10,989.7% during the first quarter. Brooklyn Investment Group now owns 3,216 shares of the company’s stock worth $61,000 after buying an additional 3,187 shares in the last quarter. Farther Finance Advisors LLC boosted its position in shares of Bilibili by 226.9% in the third quarter. Farther Finance Advisors LLC now owns 2,187 shares of the company’s stock valued at $61,000 after acquiring an additional 1,518 shares during the period. Banque Transatlantique SA acquired a new position in shares of Bilibili in the first quarter valued at about $80,000. Finally, Advisors Asset Management Inc. increased its position in Bilibili by 16.6% during the first quarter. Advisors Asset Management Inc. now owns 5,280 shares of the company’s stock worth $101,000 after acquiring an additional 751 shares during the period. Institutional investors 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.