Bilibili (NASDAQ:BILI) Reaches New 12-Month Low - Time to Sell?

Key Points

• Bilibili shares hit a new 52-week low, falling 5.5% to approximately $14.32, below both their 50-day and 200-day moving averages.
• Despite the decline, Wall Street remains broadly positive: nine analysts rate the stock a Buy and one a Hold, with a consensus “Moderate Buy” rating and an average price target of $29.70.
• The company reported $1.17 billion in quarterly revenue and $0.23 in earnings per share, while institutional investors own 16.08% of outstanding shares and several major funds recently increased their positions.

Bilibili Inc. Sponsored ADR (NASDAQ:BILI - Get Free Report) shares reached a new 52-week low during trading on Wednesday. The stock traded as low as $14.30 and last traded at $14.3240, with a volume of 1,418,521 shares traded. The stock had previously closed at $14.98.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Morgan Stanley restated an "overweight" rating and set a $27.00 price objective on shares of Bilibili in a research report on Thursday, August 27th. Benchmark reiterated a "buy" rating on shares of Bilibili in a report on Friday, August 28th. Piper Sandler set a $29.00 price objective on Bilibili in a research report on Friday, August 28th. Weiss Ratings raised shares of Bilibili from a "hold (c-)" rating to a "hold (c)" rating in a report on Monday, September 28th. Finally, Citigroup restated a "buy" rating on shares of Bilibili in a research note on Wednesday. Nine analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $29.70.

Bilibili Stock Down 5.5%

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 business has a 50 day simple moving average of $15.99 and a 200-day simple moving average of $18.37. The firm has a market capitalization of $5.87 billion, a price-to-earnings ratio of 28.89, a P/E/G ratio of 1.27 and a beta of 0.65.

Bilibili (NASDAQ:BILI - Get Free Report) last announced its quarterly 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 business had revenue of $1.17 billion during the quarter. On average, equities analysts expect that Bilibili Inc. Sponsored ADR will post 0.64 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in BILI. Panagora Asset Management Inc. raised its holdings in shares of Bilibili by 138.0% in the 4th 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. MY.Alpha Management HK Advisors Ltd acquired a new position in shares of Bilibili during the fourth quarter worth $16,620,000. Renaissance Technologies LLC increased its holdings 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 increased its holdings in 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 last quarter. Finally, XY Capital Ltd increased its holdings in 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 last quarter. Hedge funds and other institutional investors 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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