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

Bilibili Inc. Sponsored ADR (NASDAQ:BILI) shares hit a new 52-week low during trading on Tuesday. The company traded as low as $13.14 and last traded at $13.1450, with a volume of 158,498 shares. The stock had previously closed at $13.34.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Benchmark reaffirmed a “buy” rating on shares of Bilibili in a research note on Friday, August 28th. BNP Paribas Exane initiated coverage on shares of Bilibili in a research note on Tuesday, September 22nd. They issued an “outperform” rating and a $23.00 target price for the company. Weiss Ratings cut shares of Bilibili from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday, October 14th. Citigroup decreased their price objective on shares of Bilibili from $27.00 to $26.50 and set a “buy” rating for the company in a research report on Wednesday, October 14th. Finally, Piper Sandler set a $29.00 target price on Bilibili in a research report on Friday, August 28th. Eight equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $29.39.

Bilibili Stock Down 1.6%

The business’s 50 day moving average is $15.27 and its 200-day moving average is $21.16. The stock has a market cap of $5.44 billion, a price-to-earnings ratio of 26.74, a PEG ratio of 1.13 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 issued its quarterly 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 company had revenue of $1.17 billion during the quarter. On average, sell-side analysts predict that Bilibili Inc. Sponsored ADR will post 0.64 EPS for the current fiscal year.

Institutional Investors Weigh In On Bilibili

Institutional investors have recently bought and sold shares of the company. EverSource Wealth Advisors LLC increased its stake in Bilibili by 76.6% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,628 shares of the company’s stock worth $37,000 after buying an additional 706 shares in the last quarter. Farther Finance Advisors LLC boosted its stake in shares of Bilibili by 53.5% in the third quarter. Farther Finance Advisors LLC now owns 2,084 shares of the company’s stock worth $31,000 after acquiring an additional 726 shares during the last quarter. Parallel Advisors LLC boosted its stake in shares of Bilibili by 24.0% in the first quarter. Parallel Advisors LLC now owns 6,257 shares of the company’s stock worth $141,000 after acquiring an additional 1,211 shares during the last quarter. Nykredit A S purchased a new stake in shares of Bilibili during the second quarter worth approximately $110,000. Finally, PNC Financial Services Group Inc. increased its position in shares of Bilibili by 20.0% during the first 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 in the last quarter. 16.08% of the stock is currently owned by institutional investors and hedge funds.

About Bilibili

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.