Bilibili (NASDAQ:BILI) Sets New 1-Year Low - Should You Sell?

Key Points

• Bilibili shares fell to a new 52-week low of $15.13 during Wednesday trading, well below their 50-day and 200-day moving averages of $17.28 and $19.89, respectively.
• Despite the stock’s decline, Wall Street remains broadly positive: eight analysts rate Bilibili a Buy and one rates it Hold, producing a “Moderate Buy” consensus and an average price target of $30.44.
• Recent financial results included $1.17 billion in quarterly revenue and $0.23 earnings per share, while institutional investors own 16.08% of the company and several major funds recently increased or initiated positions.

Bilibili Inc. Sponsored ADR (NASDAQ:BILI - Get Free Report) shares reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $15.13 and last traded at $15.0760, with a volume of 50258 shares. The stock had previously closed at $15.46.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on BILI. Piper Sandler set a $29.00 target price on Bilibili in a report on Friday, August 28th. Benchmark reissued a "buy" rating on shares of Bilibili in a research report on Friday, August 28th. Weiss Ratings upgraded shares of Bilibili from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Monday, August 31st. Macquarie Infrastructure restated an "outperform" rating and set a $30.00 target price on shares of Bilibili in a research report on Tuesday, May 19th. Finally, Morgan Stanley reissued an "overweight" rating and set a $27.00 price objective on shares of Bilibili in a research note on Thursday, August 27th. Eight equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat, Bilibili presently has a consensus rating of "Moderate Buy" and a consensus price target of $30.44.

Bilibili Price Performance

The company's fifty day moving average is $17.28 and its two-hundred day moving average is $19.89. 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 firm has a market cap of $6.22 billion, a price-to-earnings ratio of 30.72, a price-to-earnings-growth ratio of 1.42 and a beta of 0.71.

Bilibili (NASDAQ:BILI - Get Free Report) last announced its earnings results on Saturday, August 15th. The company reported $0.23 earnings per share for the quarter. The company had revenue of $1.17 billion during the quarter. Bilibili had a return on equity of 11.42% and a net margin of 4.88%. Equities research analysts forecast that Bilibili Inc. Sponsored ADR will post 0.6 EPS for the current year.

Institutional Trading of Bilibili

Several large investors have recently added to or reduced their stakes in the business. Renaissance Technologies LLC grew its holdings in Bilibili by 121.1% during the 1st quarter. Renaissance Technologies LLC now owns 507,335 shares of the company's stock worth $11,445,000 after acquiring an additional 277,900 shares during the period. Hsbc Holdings PLC raised its holdings in Bilibili by 230.5% during the 1st quarter. Hsbc Holdings PLC now owns 199,039 shares of the company's stock worth $4,458,000 after buying an additional 138,810 shares during the period. Evergreen Quality Fund GP Ltd. bought a new stake in shares of Bilibili in the fourth quarter valued at about $1,377,000. MY.Alpha Management HK Advisors Ltd acquired a new position in Bilibili during the fourth quarter worth $16,620,000. Finally, Persistent Asset Partners Ltd acquired a new position in Bilibili during the fourth quarter valued at approximately $738,000. 16.08% of the stock is currently owned by institutional investors and hedge funds.

Bilibili Company Profile

Bilibili Inc NASDAQ: BILI operates an online entertainment platform in China focused on video content and community engagement. The company is known for serving younger audiences and for its strong roots in anime, comics and games, while also offering content covering entertainment, lifestyle, knowledge, technology and other interests.

Its platform includes professionally produced and user-generated videos, live streaming, mobile games and other value-added services. Bilibili also generates revenue through advertising, paid memberships, game publishing and distribution, and related digital content and merchandise activities.

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