Bilibili (NASDAQ:BILI) Reaches New 12-Month Low - Here's Why

Key Points

• Bilibili shares hit a new 52-week low, falling to $15.78 during Tuesday trading from a prior close of $16.16.
• Despite the decline, analysts maintain a generally positive outlook: eight rate the stock Buy, one rates it Sell, and the consensus target is $30.44, well above the current price.
• Bilibili reported quarterly revenue of $1.17 billion and earnings of $0.23 per share, while institutional investors and hedge funds collectively own 16.08% of the company.

Bilibili Inc. Sponsored ADR (NASDAQ:BILI - Get Free Report)'s stock price reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $15.78 and last traded at $15.79, with a volume of 3217161 shares trading hands. The stock had previously closed at $16.16.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Piper Sandler set a $29.00 price objective on Bilibili in a research report on Friday. Benchmark restated a "buy" rating on shares of Bilibili in a research note on Friday. Weiss Ratings downgraded Bilibili from a "hold (c-)" rating to a "sell (d+)" rating in a report on Monday, June 8th. Macquarie Infrastructure reaffirmed an "outperform" rating and set a $30.00 price objective on shares of Bilibili in a research report on Tuesday, May 19th. Finally, Morgan Stanley reissued an "overweight" rating and issued a $27.00 price objective on shares of Bilibili in a research report on Thursday. Eight investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $30.44.

Bilibili Stock Performance

The company has a fifty day moving average of $17.57 and a two-hundred day moving average of $21.05. The firm has a market capitalization of $6.55 billion, a price-to-earnings ratio of 32.22, a PEG ratio of 1.47 and a beta of 0.71. 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 - Get Free Report) last issued its quarterly earnings data on Saturday, August 15th. The company reported $0.23 EPS for the quarter. The firm 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%. As a group, equities research analysts predict that Bilibili Inc. Sponsored ADR will post 0.61 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Bilibili

Several institutional investors and hedge funds have recently modified their holdings of the business. Corient Private Wealth LP raised its stake in Bilibili by 79.2% in the 2nd quarter. Corient Private Wealth LP now owns 21,329 shares of the company's stock worth $363,000 after purchasing an additional 9,427 shares in the last quarter. XY Capital Ltd grew its position in shares of Bilibili by 148.1% during the 2nd quarter. XY Capital Ltd now owns 253,880 shares of the company's stock worth $4,324,000 after purchasing an additional 151,563 shares in the last quarter. Nykredit A S acquired a new position in shares of Bilibili during the 2nd quarter worth approximately $110,000. Headlands Technologies LLC bought a new position in shares of Bilibili during the second quarter worth approximately $903,000. Finally, EverSource Wealth Advisors LLC increased its holdings in shares of Bilibili by 76.6% during the first quarter. EverSource Wealth Advisors LLC now owns 1,628 shares of the company's stock worth $37,000 after purchasing an additional 706 shares during the period. 16.08% of the stock is currently owned by institutional investors and hedge funds.

Bilibili Company Profile

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.

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