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

Bilibili Inc. Sponsored ADR (NASDAQ:BILI)’s share price gapped down before the market opened on Friday . The stock had previously closed at $30.96, but opened at $29.30. Bilibili shares last traded at $30.0060, with a volume of 161,542 shares trading hands.

Analyst Ratings Changes

A number of brokerages have commented on BILI. Wall Street Zen upgraded shares of Bilibili from a “hold” rating to a “buy” rating in a research note on Monday, February 9th. JPMorgan Chase & Co. boosted their price target on Bilibili from $24.00 to $27.00 and gave the company a “neutral” rating in a research note on Tuesday, November 18th. Benchmark increased their price objective on Bilibili from $28.00 to $29.00 and gave the stock a “buy” rating in a research note on Friday, November 14th. Barclays boosted their target price on shares of Bilibili from $28.00 to $34.00 and gave the company an “overweight” rating in a research note on Friday, November 14th. Finally, Sanford C. Bernstein lifted their price target on shares of Bilibili from $28.00 to $32.00 and gave the company an “outperform” rating in a report on Thursday, October 23rd. Six research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $29.61.

Bilibili Trading Down 2.8%

The company’s 50-day moving average is $29.36 and its 200-day moving average is $27.26. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.64 and a current ratio of 1.64. The firm has a market cap of $12.57 billion, a price-to-earnings ratio of 120.50 and a beta of 0.73.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Pictet Asset Management Holding SA raised its position in shares of Bilibili by 3.2% during the fourth quarter. Pictet Asset Management Holding SA now owns 13,000 shares of the company’s stock worth $320,000 after acquiring an additional 400 shares during the last quarter. Geode Capital Management LLC increased its position in Bilibili by 0.4% in the fourth quarter. Geode Capital Management LLC now owns 104,063 shares of the company’s stock worth $2,559,000 after purchasing an additional 410 shares during the period. AdvisorShares Investments LLC raised its holdings in Bilibili by 3.3% during the 4th quarter. AdvisorShares Investments LLC now owns 14,018 shares of the company’s stock worth $345,000 after purchasing an additional 442 shares during the last quarter. Russell Investments Group Ltd. lifted its position in Bilibili by 0.3% during the 3rd quarter. Russell Investments Group Ltd. now owns 173,458 shares of the company’s stock valued at $4,872,000 after purchasing an additional 489 shares during the period. Finally, Signaturefd LLC boosted its stake in shares of Bilibili by 5.6% in the 3rd quarter. Signaturefd LLC now owns 9,538 shares of the company’s stock valued at $268,000 after purchasing an additional 503 shares during the last quarter. 16.08% of the stock is currently owned by institutional investors.

About Bilibili

Bilibili (NASDAQ: BILI) is a leading Chinese online entertainment platform renowned for its focus on animation, comics and games (ACG) content. The company operates a video-sharing website where users can view, upload and comment on a wide range of content, from full-length anime episodes to user-generated short videos. In addition to on-demand streaming, Bilibili offers live broadcasting services that connect creators with fans through real-time interaction features such as “bullet comments” that flow across the screen.

Beyond its core video community, Bilibili generates revenue through multiple value-added services.