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

Key Points

• Bilibili shares fell to a new 52-week low of $14.32 and were last trading near $14.45, below the 50-day and 200-day moving averages.
• Analysts remain broadly optimistic, with nine Buy ratings and one Hold rating; the consensus target is $29.70, implying substantial upside from the current price.
• The company reported quarterly revenue of $1.17 billion and earnings of $0.23 per share, while institutional investors and hedge funds own 16.08% of the stock.

Bilibili Inc. Sponsored ADR (NASDAQ:BILI - Get Free Report) shares reached a new 52-week low on Friday. The company traded as low as $14.32 and last traded at $14.4490, with a volume of 343751 shares traded. The stock had previously closed at $14.78.

Analysts Set New Price Targets

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

Bilibili Trading Down 2.5%

The firm has a market cap of $5.98 billion, a price-to-earnings ratio of 29.40, a price-to-earnings-growth ratio of 1.26 and a beta of 0.65. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.32 and a quick ratio of 1.32. The firm's fifty day moving average is $16.55 and its 200-day moving average is $18.93.

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

Institutional Investors Weigh In On Bilibili

Several large investors have recently added to or reduced their stakes in the business. MY.Alpha Management HK Advisors Ltd bought a new stake in Bilibili during the 4th quarter worth approximately $16,620,000. Panagora Asset Management Inc. lifted its holdings in shares of Bilibili by 138.0% in the fourth quarter. Panagora Asset Management Inc. now owns 869,388 shares of the company's stock valued at $21,378,000 after purchasing an additional 504,070 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in shares of 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 purchasing an additional 277,900 shares in the last quarter. XY Capital Ltd boosted its position in shares of Bilibili by 148.1% during 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 last quarter. Finally, Hsbc Holdings PLC boosted its position in shares of Bilibili by 230.5% during 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 last quarter. Institutional investors and hedge funds own 16.08% of the company's stock.

About Bilibili

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.

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