Bilibili (NASDAQ:BILI) Shares Down 5% – Should You Sell?

Bilibili Inc. (NASDAQ:BILI)’s share price fell 5% on Monday . The company traded as low as $17.88 and last traded at $17.99. 1,447,807 shares were traded during trading, a decline of 77% from the average session volume of 6,387,043 shares. The stock had previously closed at $18.93.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on BILI. Benchmark upped their price target on shares of Bilibili from $24.00 to $30.00 and gave the stock a “buy” rating in a report on Friday, February 21st. Barclays upped their price objective on shares of Bilibili from $24.00 to $25.00 and gave the stock an “overweight” rating in a research report on Friday, February 21st. 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 issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $21.11.

Bilibili Stock Performance

The company has a debt-to-equity ratio of 0.23, a current ratio of 1.34 and a quick ratio of 1.05. The company’s 50-day moving average price is $18.14 and its two-hundred day moving average price is $18.91. The company has a market capitalization of $7.49 billion, a price-to-earnings ratio of -39.96 and a beta of 0.93.

Bilibili (NASDAQ:BILI) last issued its earnings results on Thursday, February 20th. The company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.02. The business had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.05 billion. Bilibili had a negative net margin of 5.01% and a negative return on equity of 8.23%. On average, equities research analysts anticipate that Bilibili Inc. will post 0.16 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Avior Wealth Management LLC boosted its stake in Bilibili by 1,817.7% during the fourth quarter. Avior Wealth Management LLC now owns 1,515 shares of the company’s stock worth $27,000 after acquiring an additional 1,436 shares in the last quarter. SVB Wealth LLC bought a new position in shares of Bilibili in the first quarter valued at $31,000. Federated Hermes Inc. bought a new position in shares of Bilibili in the fourth quarter valued at $55,000. FNY Investment Advisers LLC bought a new position in shares of Bilibili in the first quarter valued at $57,000. Finally, Blue Trust Inc. lifted its stake in shares of Bilibili by 147.8% in the fourth quarter. Blue Trust Inc. now owns 3,179 shares of the company’s stock valued at $58,000 after buying an additional 1,896 shares in the last quarter. 16.08% of the stock is owned by institutional investors.

About Bilibili

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.