Bilibili (NASDAQ:BILI) Hits New 52-Week Low - What's Next?

Key Points

• Bilibili shares hit a new 52-week low, falling to $13.88 during Tuesday trading and remaining below both their 50-day ($15.62) and 200-day ($18.14) moving averages.
• Despite the weak price performance, analysts maintain a generally positive outlook: nine analysts rate the stock Buy and one rates it Hold, producing a “Moderate Buy” consensus and an average price target of $29.65.
• Bilibili reported quarterly revenue of $1.17 billion and earnings of $0.23 per share, while institutional investors own 16.08% of the company’s stock.

Bilibili Inc. Sponsored ADR (NASDAQ:BILI - Get Free Report)'s share price reached a new 52-week low during trading on Tuesday. The company traded as low as $13.88 and last traded at $13.9240, with a volume of 21,328 shares. The stock had previously closed at $14.01.

Analyst Upgrades and Downgrades

BILI has been the subject of a number of research analyst reports. Weiss Ratings cut Bilibili from a "hold (c)" rating to a "hold (c-)" rating in a report on Wednesday, October 14th. Citigroup reduced their price objective on Bilibili from $27.00 to $26.50 and set a "buy" rating on the stock in a research report on Wednesday, October 14th. Benchmark restated a "buy" rating on shares of Bilibili in a report on Friday, August 28th. BNP Paribas Exane assumed coverage on shares of Bilibili in a research note on Tuesday, September 22nd. They set an "outperform" rating and a $23.00 price target for the company. Finally, Morgan Stanley restated an "overweight" rating and issued a $27.00 price objective on shares of Bilibili in a report on Thursday, August 27th. Nine investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $29.65.

Bilibili Stock Performance

The company's 50 day simple moving average is $15.62 and its 200 day simple moving average is $18.14. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.32 and a current ratio of 1.32. The stock has a market cap of $5.79 billion, a PE ratio of 28.46, a price-to-earnings-growth ratio of 1.18 and a beta of 0.65.

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

Hedge Funds Weigh In On Bilibili

A number of large investors have recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC raised its holdings in Bilibili by 76.6% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,628 shares of the company's stock valued at $37,000 after buying an additional 706 shares during the last quarter. Farther Finance Advisors LLC increased its holdings in shares of Bilibili by 53.5% during the third quarter. Farther Finance Advisors LLC now owns 2,084 shares of the company's stock valued at $31,000 after acquiring an additional 726 shares in the last quarter. Parallel Advisors LLC lifted its stake in shares of Bilibili by 24.0% in the first quarter. Parallel Advisors LLC now owns 6,257 shares of the company's stock worth $141,000 after buying an additional 1,211 shares in the last quarter. Nykredit A S purchased a new position in shares of Bilibili in the second quarter worth $110,000. Finally, PNC Financial Services Group Inc. increased its holdings in Bilibili by 20.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 12,078 shares of the company's stock worth $272,000 after buying an additional 2,010 shares in the last quarter. Hedge funds and other institutional investors own 16.08% of the company's stock.

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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