Bilibili (NASDAQ:BILI) Reaches New 52-Week Low – Here’s What Happened

Shares of Bilibili Inc. Sponsored ADR (NASDAQ:BILI) hit a new 52-week low during 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.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. Morgan Stanley reaffirmed an “overweight” rating and set a $27.00 target price on shares of Bilibili in a research report on Thursday, August 27th. Piper Sandler set a $29.00 price target on Bilibili in a research note on Friday, August 28th. Benchmark reaffirmed 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 report on Monday, August 31st. Finally, Macquarie Infrastructure reaffirmed an “outperform” rating and issued a $30.00 price objective on shares of Bilibili in a report on Tuesday, May 19th. Eight equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, Bilibili has a consensus rating of “Moderate Buy” and an average price target of $30.44.

Bilibili Price Performance

The business has a 50 day moving average of $17.28 and a 200 day moving average of $19.89. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.32 and a quick ratio of 1.32. The company has a market cap of $6.22 billion, a PE ratio of 30.72, a price-to-earnings-growth ratio of 1.42 and a beta of 0.71.

Bilibili (NASDAQ:BILI) last announced its earnings results on Saturday, August 15th. The company reported $0.23 earnings per share (EPS) for the quarter. The firm 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%. As a group, research analysts predict that Bilibili Inc. Sponsored ADR will post 0.6 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Panagora Asset Management Inc. boosted its stake in Bilibili by 138.0% during 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 during the last quarter. MY.Alpha Management HK Advisors Ltd purchased a new stake in shares of Bilibili in the 4th quarter worth $16,620,000. Renaissance Technologies LLC raised its stake 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. XY Capital Ltd raised its holdings in Bilibili by 148.1% during the second quarter. XY Capital Ltd now owns 253,880 shares of the company’s stock valued at $4,324,000 after acquiring an additional 151,563 shares during the period. Finally, Hsbc Holdings PLC lifted its holdings in shares of Bilibili by 230.5% in the first 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 in the last quarter. Institutional investors own 16.08% of the company’s stock.

About Bilibili

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.