Bilibili (NASDAQ:BILI) Reaches New 1-Year Low – Here’s What Happened

Bilibili Inc. Sponsored ADR (NASDAQ:BILI)’s stock price reached a new 52-week low on Thursday . The stock traded as low as $17.40 and last traded at $17.4260, with a volume of 1145889 shares changing hands. The stock had previously closed at $18.30.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on BILI. JPMorgan Chase & Co. upgraded Bilibili from a “neutral” rating to an “overweight” rating and increased their price target for the company from $27.00 to $35.00 in a report on Tuesday, March 17th. Macquarie Infrastructure restated an “outperform” rating and set a $30.00 price target on shares of Bilibili in a report on Tuesday. Wall Street Zen lowered Bilibili from a “buy” rating to a “hold” rating in a report on Sunday, April 26th. Benchmark restated a “buy” rating on shares of Bilibili in a report on Wednesday. Finally, Morgan Stanley upgraded Bilibili from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $25.00 to $31.00 in a report on Monday, April 13th. Nine equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Bilibili currently has an average rating of “Moderate Buy” and a consensus target price of $30.78.

Bilibili Stock Down 3.3%

The business has a 50-day moving average price of $23.10 and a 200-day moving average price of $26.44. The firm has a market cap of $7.34 billion, a P/E ratio of 39.37 and a beta of 0.79. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.31.

Bilibili (NASDAQ:BILI) last issued its quarterly earnings data on Tuesday, May 19th. The company reported $0.19 earnings per share for the quarter, beating analysts’ consensus estimates of $0.17 by $0.02. Bilibili had a return on equity of 11.03% and a net margin of 4.58%.The company had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter last year, the company earned $0.85 earnings per share. The firm’s revenue for the quarter was up 6.7% compared to the same quarter last year. On average, equities analysts forecast that Bilibili Inc. Sponsored ADR will post 0.64 EPS for the current fiscal year.

Institutional Investors Weigh In On Bilibili

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Pictet Asset Management Holding SA raised its stake in Bilibili by 3.2% in the fourth quarter. Pictet Asset Management Holding SA now owns 13,000 shares of the company’s stock valued at $320,000 after buying an additional 400 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of 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 last quarter. AdvisorShares Investments LLC raised its stake in shares of Bilibili by 3.3% in the fourth 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. raised its stake in shares of Bilibili by 0.3% in the third quarter. Russell Investments Group Ltd. now owns 173,458 shares of the company’s stock worth $4,872,000 after purchasing an additional 489 shares during the last quarter. Finally, Ieq Capital LLC raised its stake in shares of Bilibili by 4.1% in the fourth quarter. Ieq Capital LLC now owns 13,829 shares of the company’s stock worth $340,000 after purchasing an additional 544 shares during the last quarter. 16.08% of the stock is currently owned by hedge funds and other 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.