Bilibili Inc. (NASDAQ:BILI - Get Free Report)'s stock price dropped 4.1% during mid-day trading on Friday . The company traded as low as $11.63 and last traded at $11.73. Approximately 543,849 shares changed hands during mid-day trading, a decline of 92% from the average daily volume of 7,044,237 shares. The stock had previously closed at $12.23.
Analyst Upgrades and Downgrades
BILI has been the topic of a number of recent analyst reports. Citigroup cut shares of Bilibili from a "buy" rating to a "neutral" rating and decreased their price objective for the company from $18.00 to $12.50 in a research note on Monday, March 11th. Daiwa Capital Markets lowered shares of Bilibili from a "buy" rating to a "neutral" rating in a research report on Friday, January 19th. Mizuho cut their target price on shares of Bilibili from $18.00 to $16.00 and set a "buy" rating on the stock in a research report on Wednesday, January 17th. Finally, JPMorgan Chase & Co. upgraded shares of Bilibili from an "underweight" rating to a "neutral" rating and raised their target price for the company from $10.00 to $11.00 in a research report 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 MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $15.26.
Check Out Our Latest Stock Analysis on BILI
Bilibili Price Performance
The company has a market cap of $4.73 billion, a price-to-earnings ratio of -7.00 and a beta of 0.99. The business's fifty day moving average price is $10.83 and its 200 day moving average price is $11.80.
Bilibili (NASDAQ:BILI - Get Free Report) last announced its earnings results on Thursday, March 7th. The company reported ($0.28) earnings per share for the quarter, missing analysts' consensus estimates of ($0.25) by ($0.03). Bilibili had a negative return on equity of 28.12% and a negative net margin of 21.34%. The firm had revenue of $881.13 million for the quarter, compared to the consensus estimate of $891.61 million. As a group, equities research analysts anticipate that Bilibili Inc. will post -0.54 EPS for the current year.
Hedge Funds Weigh In On Bilibili
Hedge funds have recently bought and sold shares of the company. Point72 Middle East FZE bought a new stake in Bilibili in the second quarter valued at $25,000. PNC Financial Services Group Inc. raised its holdings in shares of Bilibili by 382.2% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,027 shares of the company's stock worth $27,000 after acquiring an additional 814 shares during the last quarter. Ronald Blue Trust Inc. raised its holdings in shares of Bilibili by 79.1% in the 3rd quarter. Ronald Blue Trust Inc. now owns 3,347 shares of the company's stock worth $51,000 after acquiring an additional 1,478 shares during the last quarter. Mizuho Securities Co. Ltd. acquired a new stake in shares of Bilibili in the 4th quarter worth about $55,000. Finally, Parallel Advisors LLC raised its holdings in shares of Bilibili by 62.6% in the 4th quarter. Parallel Advisors LLC now owns 4,503 shares of the company's stock worth $55,000 after acquiring an additional 1,734 shares during the last quarter. Institutional investors own 16.08% of the company's stock.
About Bilibili
(Get Free Report)
Bilibili Inc provides online entertainment services for the young generations in the People's Republic of China. Its platform offers a range of content, including video services, mobile games, and value-added service, as well as ACG-related comic and audio content. The company's video services include professional user generated videos, occupationally generated videos, live broadcasting, and story mode.
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