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

Bilibili Inc. Sponsored ADR (NASDAQ:BILI)’s stock price reached a new 52-week low on Monday . The stock traded as low as $16.91 and last traded at $16.6310, with a volume of 35968 shares traded. The stock had previously closed at $17.20.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on BILI shares. Benchmark restated a “buy” rating on shares of Bilibili in a research note on Wednesday, May 20th. JPMorgan Chase & Co. raised shares of Bilibili from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $27.00 to $35.00 in a report on Tuesday, March 17th. Citigroup raised Bilibili from a “neutral” rating to a “buy” rating and set a $27.00 target price on the stock in a research report on Friday, March 27th. Weiss Ratings lowered Bilibili from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, June 8th. Finally, Macquarie Infrastructure reiterated an “outperform” rating and set a $30.00 price target on shares of Bilibili in a research note on Tuesday, May 19th. Nine 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 presently has an average rating of “Moderate Buy” and an average price target of $30.78.

Bilibili Stock Down 3.3%

The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.30. The business’s 50-day simple moving average is $20.29 and its 200-day simple moving average is $25.00. The company has a market capitalization of $6.89 billion, a PE ratio of 36.91 and a beta of 0.71.

Bilibili (NASDAQ:BILI) last released its quarterly earnings data on Saturday, May 16th. The company reported $0.19 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.02. The firm had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.09 billion. Bilibili had a net margin of 4.58% and a return on equity of 10.81%. The business’s quarterly revenue was up 6.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.85 earnings per share. As a group, equities research analysts anticipate that Bilibili Inc. Sponsored ADR will post 0.61 EPS for the current fiscal year.

Institutional Investors Weigh In On Bilibili

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BILI. Morgan Stanley grew its position in Bilibili by 187.2% during the 4th quarter. Morgan Stanley now owns 3,846,849 shares of the company’s stock worth $94,594,000 after purchasing an additional 2,507,321 shares during the period. Arrowstreet Capital Limited Partnership boosted its stake in shares of Bilibili by 16.9% in the third quarter. Arrowstreet Capital Limited Partnership now owns 1,929,897 shares of the company’s stock worth $54,211,000 after buying an additional 278,760 shares during the last quarter. Man Group plc grew its holdings in Bilibili by 21.9% during the second quarter. Man Group plc now owns 1,460,147 shares of the company’s stock worth $31,320,000 after acquiring an additional 262,554 shares during the period. SIH Partners LLLP grew its holdings in Bilibili by 327.1% during the fourth quarter. SIH Partners LLLP now owns 1,021,800 shares of the company’s stock worth $25,126,000 after acquiring an additional 782,540 shares during the period. Finally, Step Capital Management Pte. Ltd. purchased a new position in Bilibili during the fourth quarter valued at approximately $24,590,000. 16.08% of the stock is 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.