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

Bilibili Inc. Sponsored ADR (NASDAQ:BILI) reached a new 52-week low on Tuesday. The company traded as low as $13.88 and last traded at $13.9240, with a volume of 21,328 shares. The stock had previously closed at $14.01.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on BILI shares. Piper Sandler set a $29.00 price target on shares of Bilibili in a report on Friday, August 28th. Weiss Ratings downgraded Bilibili from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, October 14th. Benchmark reissued a “buy” rating on shares of Bilibili in a report on Friday, August 28th. Citigroup reduced their price objective on Bilibili from $27.00 to $26.50 and set a “buy” rating on the stock in a research report on Wednesday, October 14th. Finally, Morgan Stanley reaffirmed an “overweight” rating and issued a $27.00 target price on shares of Bilibili in a report on Thursday, August 27th. Nine investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $29.65.

Bilibili Trading Down 2.3%

The business’s fifty day moving average is $15.46 and its 200-day moving average is $18.01. The firm has a market cap of $5.64 billion, a P/E ratio of 24.42, a price-to-earnings-growth ratio of 1.17 and a beta of 0.65. 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) last posted its earnings results on Saturday, August 15th. The company reported $0.23 EPS 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 for the quarter. Analysts predict that Bilibili Inc. Sponsored ADR will post 0.64 EPS for the current year.

Hedge Funds Weigh In On Bilibili

Several large investors have recently modified their holdings of the business. EverSource Wealth Advisors LLC lifted 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. Farther Finance Advisors LLC increased its holdings in Bilibili by 53.5% in the third quarter. Farther Finance Advisors LLC now owns 2,084 shares of the company’s stock valued at $31,000 after purchasing an additional 726 shares during the period. Parallel Advisors LLC increased its holdings in Bilibili by 24.0% in the first quarter. Parallel Advisors LLC now owns 6,257 shares of the company’s stock valued at $141,000 after purchasing an additional 1,211 shares during the period. Nykredit A S acquired a new stake in Bilibili in the second quarter valued at $110,000. Finally, PNC Financial Services Group Inc. raised its position in Bilibili by 20.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 12,078 shares of the company’s stock worth $272,000 after purchasing an additional 2,010 shares during the last quarter. Institutional investors own 16.08% of the company’s stock.

Bilibili Company Profile

Bilibili Inc is a China-based online entertainment platform focused on video content and communities built around anime, comics, games and broader youth culture. The company offers professionally produced and user-generated videos, with content spanning entertainment, lifestyle, technology, education and other interests.

Its services include video streaming, live broadcasting, mobile games and value-added services such as memberships, virtual items and other interactive features. Bilibili also generates revenue through advertising and related content and e-commerce activities.

Founded in 2009 and headquartered in Shanghai, Bilibili serves users primarily in China through its website and mobile applications.