Bilibili (NASDAQ:BILI) Hits New 12-Month Low – What’s Next?

Bilibili Inc. Sponsored ADR (NASDAQ:BILI)’s stock price hit a new 52-week low on Friday. The stock traded as low as $14.32 and last traded at $14.4490, with a volume of 343751 shares trading hands. The stock had previously closed at $14.78.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. Weiss Ratings upgraded shares of Bilibili from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday. BNP Paribas Exane initiated coverage on shares of Bilibili in a research report on Tuesday, September 22nd. They set an “outperform” rating and a $23.00 price target on the stock. Morgan Stanley restated an “overweight” rating and set a $27.00 price target on shares of Bilibili in a report on Thursday, August 27th. Benchmark reaffirmed a “buy” rating on shares of Bilibili in a research report on Friday, August 28th. Finally, Piper Sandler set a $29.00 price objective on shares of Bilibili in a research note on Friday, August 28th. Nine research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, Bilibili has an average rating of “Moderate Buy” and an average price target of $29.70.

Bilibili Price Performance

The stock has a market cap of $5.98 billion, a P/E ratio of 29.40, a P/E/G ratio of 1.26 and a beta of 0.65. The business has a 50 day simple moving average of $16.55 and a 200-day simple moving average of $18.93. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.32 and a current ratio of 1.32.

Bilibili (NASDAQ:BILI) last released its earnings results on Saturday, August 15th. The company reported $0.23 EPS for the quarter. The company had revenue of $1.17 billion for the quarter. Bilibili had a return on equity of 11.42% and a net margin of 4.88%. On average, sell-side analysts forecast that Bilibili Inc. Sponsored ADR will post 0.64 EPS for the current year.

Institutional Trading of Bilibili

Hedge funds have recently added to or reduced their stakes in the stock. MY.Alpha Management HK Advisors Ltd purchased a new position in Bilibili in the fourth quarter valued at approximately $16,620,000. Panagora Asset Management Inc. increased its position in Bilibili by 138.0% in the fourth quarter. Panagora Asset Management Inc. now owns 869,388 shares of the company’s stock worth $21,378,000 after buying an additional 504,070 shares during the last quarter. Renaissance Technologies LLC increased its position in Bilibili by 121.1% in the first quarter. Renaissance Technologies LLC now owns 507,335 shares of the company’s stock worth $11,445,000 after buying an additional 277,900 shares during the last quarter. XY Capital Ltd raised its stake in shares of Bilibili by 148.1% in the second quarter. XY Capital Ltd now owns 253,880 shares of the company’s stock valued at $4,324,000 after buying an additional 151,563 shares during the period. Finally, Hsbc Holdings PLC raised its stake in shares of Bilibili by 230.5% in the first quarter. Hsbc Holdings PLC now owns 199,039 shares of the company’s stock valued at $4,458,000 after buying an additional 138,810 shares during the period. Institutional investors own 16.08% of the company’s stock.

Bilibili Company Profile

Bilibili Inc (NASDAQ: BILI) operates a digital entertainment and content platform primarily serving users in China. The company is known for its strong focus on anime, comics and games, as well as its community-oriented culture and interactive video features. Its platform hosts user-generated content, professionally produced videos and other forms of entertainment across categories such as lifestyle, knowledge, music and technology.

Bilibili offers online video services, livestreaming, mobile games and other value-added services.