Bilibili (NASDAQ:BILI) Stock Price Down 4.2% – Should You Sell?

Bilibili Inc. Sponsored ADR (NASDAQ:BILI) dropped 4.2% on Tuesday . The company traded as low as $23.93 and last traded at $23.9270. Approximately 697,677 shares changed hands during mid-day trading, a decline of 74% from the average daily volume of 2,661,814 shares. The stock had previously closed at $24.97.

Analyst Upgrades and Downgrades

BILI has been the topic of a number of research analyst reports. Weiss Ratings restated a “hold (c-)” rating on shares of Bilibili in a research note on Monday. Citigroup upgraded Bilibili from a “neutral” rating to a “buy” rating and set a $27.00 price objective on the stock in a research note on Friday, March 27th. JPMorgan Chase & Co. upgraded Bilibili from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $27.00 to $35.00 in a research note on Tuesday, March 17th. Wall Street Zen upgraded Bilibili from a “hold” rating to a “buy” rating in a research note on Saturday, April 18th. Finally, Morgan Stanley upgraded Bilibili from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $25.00 to $31.00 in a research note on Monday, April 13th. Nine research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, Bilibili has a consensus rating of “Moderate Buy” and an average price target of $30.55.

Bilibili Trading Down 2.6%

The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.31. The firm has a 50 day moving average of $25.81 and a 200 day moving average of $27.38. The firm has a market cap of $9.44 billion, a PE ratio of 59.92 and a beta of 0.87.

Institutional Investors Weigh In On Bilibili

A number of hedge funds and other institutional investors have recently bought and sold shares of BILI. Morgan Stanley raised its holdings in Bilibili by 187.2% during the 4th quarter. Morgan Stanley now owns 3,846,849 shares of the company’s stock valued at $94,594,000 after acquiring an additional 2,507,321 shares during the period. Step Capital Management Pte. Ltd. bought a new stake in Bilibili during the 4th quarter valued at $24,590,000. SIH Partners LLLP raised its holdings in Bilibili by 327.1% during the 4th quarter. SIH Partners LLLP now owns 1,021,800 shares of the company’s stock valued at $25,126,000 after acquiring an additional 782,540 shares during the period. MY.Alpha Management HK Advisors Ltd bought a new stake in Bilibili during the 4th quarter valued at $16,620,000. Finally, Panagora Asset Management Inc. raised its holdings in Bilibili by 138.0% during the 4th quarter. Panagora Asset Management Inc. now owns 869,388 shares of the company’s stock valued at $21,378,000 after acquiring an additional 504,070 shares during the period. Institutional investors own 16.08% of the company’s stock.

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.