Bilibili (NASDAQ:BILI) Hits New 1-Year Low - Time to Sell?

Key Points

• Bilibili shares hit a new 52-week low of $13.14, well below their 50-day and 200-day moving averages of $15.27 and $21.16, respectively.
• Despite the stock’s decline, analysts remain broadly positive: eight rate it a Buy and one a Hold, producing a “Moderate Buy” consensus and an average price target of $29.39.
• Bilibili reported quarterly revenue of $1.17 billion and EPS of $0.23, while institutional investors and hedge funds collectively own 16.08% of the company and several recently increased their positions.

Bilibili Inc. Sponsored ADR (NASDAQ:BILI - Get Free Report) hit a new 52-week low during mid-day trading on Tuesday. The stock traded as low as $13.14 and last traded at $13.1450, with a volume of 158,498 shares changing hands. The stock had previously closed at $13.34.

Analyst Ratings Changes

Several equities analysts have issued reports on BILI shares. Citigroup cut their target price on Bilibili from $27.00 to $26.50 and set a "buy" rating on the stock in a research note on Wednesday, October 14th. Benchmark reissued a "buy" rating on shares of Bilibili in a research report on Friday, August 28th. Morgan Stanley restated an "overweight" rating and issued a $27.00 price target on shares of Bilibili in a report on Thursday, August 27th. BNP Paribas Exane assumed coverage on shares of Bilibili in a research report on Tuesday, September 22nd. They issued an "outperform" rating and a $23.00 price objective on the stock. Finally, Weiss Ratings downgraded shares of Bilibili from a "hold (c)" rating to a "hold (c-)" rating in a research note on Wednesday, October 14th. Eight analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $29.39.

Bilibili Stock Performance

The company has a market cap of $5.44 billion, a PE ratio of 26.74, a P/E/G ratio of 1.13 and a beta of 0.65. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.29. The firm's 50-day simple moving average is $15.27 and its two-hundred day simple moving average is $21.16.

Bilibili (NASDAQ:BILI - Get Free Report) last posted its quarterly earnings results on Saturday, August 15th. The company reported $0.23 earnings per share (EPS) for the quarter. The business had revenue of $1.17 billion during the quarter. Bilibili had a net margin of 4.88% and a return on equity of 11.42%. As a group, research analysts anticipate that Bilibili Inc. Sponsored ADR will post 0.64 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Renaissance Technologies LLC boosted its position in Bilibili by 121.1% in the first quarter. Renaissance Technologies LLC now owns 507,335 shares of the company's stock valued at $11,445,000 after buying an additional 277,900 shares during the last quarter. Hsbc Holdings PLC boosted its holdings in shares of Bilibili by 230.5% in the 1st quarter. Hsbc Holdings PLC now owns 199,039 shares of the company's stock valued at $4,458,000 after acquiring an additional 138,810 shares during the last quarter. XY Capital Ltd boosted its holdings in shares of Bilibili by 148.1% in the 2nd quarter. XY Capital Ltd now owns 253,880 shares of the company's stock valued at $4,324,000 after acquiring an additional 151,563 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Bilibili by 7.2% during the first quarter. Dimensional Fund Advisors LP now owns 170,834 shares of the company's stock valued at $3,854,000 after purchasing an additional 11,413 shares during the period. Finally, Quadrant Capital Group LLC lifted its position in Bilibili by 222.5% during the third quarter. Quadrant Capital Group LLC now owns 113,456 shares of the company's stock valued at $1,700,000 after purchasing an additional 78,276 shares during the period. 16.08% of the stock is owned by institutional investors and hedge funds.

About Bilibili

Bilibili Inc is a China-based online entertainment platform focused on video content and communities built around anime, comics, games and broader youth culture. The company offers professionally produced and user-generated videos, with content spanning entertainment, lifestyle, technology, education and other interests.

Its services include video streaming, live broadcasting, mobile games and value-added services such as memberships, virtual items and other interactive features. Bilibili also generates revenue through advertising and related content and e-commerce activities.

Founded in 2009 and headquartered in Shanghai, Bilibili serves users primarily in China through its website and mobile applications.

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