Bilibili (NASDAQ:BILI) Reaches New 12-Month Low – Here’s Why

Bilibili Inc. Sponsored ADR (NASDAQ:BILI)’s share price reached a new 52-week low during trading on Tuesday . The company traded as low as $15.78 and last traded at $15.79, with a volume of 3217161 shares. The stock had previously closed at $16.16.

Analyst Ratings Changes

Several research firms have recently issued reports on BILI. Weiss Ratings lowered Bilibili from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, June 8th. Morgan Stanley reaffirmed an “overweight” rating and issued a $27.00 price target on shares of Bilibili in a research note on Thursday. Benchmark reaffirmed a “buy” rating on shares of Bilibili in a research report on Friday. Macquarie Infrastructure reissued an “outperform” rating and issued a $30.00 target price on shares of Bilibili in a report on Tuesday, May 19th. Finally, Piper Sandler set a $29.00 target price on shares of Bilibili in a research report on Friday. Eight investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $30.44.

Bilibili Stock Down 2.3%

The firm has a 50 day simple moving average of $17.57 and a two-hundred day simple moving average of $21.05. The stock has a market capitalization of $6.55 billion, a P/E ratio of 32.22, a PEG ratio of 1.47 and a beta of 0.71. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.29.

Bilibili (NASDAQ:BILI) last issued its quarterly earnings results on Saturday, August 15th. The company reported $0.23 earnings per share (EPS) for the quarter. Bilibili had a return on equity of 11.42% and a net margin of 4.88%.The company had revenue of $1.17 billion for the quarter. On average, equities research analysts expect that Bilibili Inc. Sponsored ADR will post 0.61 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Renaissance Technologies LLC grew its holdings in shares of Bilibili by 121.1% during the 1st quarter. Renaissance Technologies LLC now owns 507,335 shares of the company’s stock valued at $11,445,000 after purchasing an additional 277,900 shares during the last quarter. Hsbc Holdings PLC lifted its stake in Bilibili by 230.5% in the 1st quarter. Hsbc Holdings PLC now owns 199,039 shares of the company’s stock valued at $4,458,000 after purchasing an additional 138,810 shares during the last quarter. Evergreen Quality Fund GP Ltd. bought a new position in Bilibili in the 4th quarter valued at approximately $1,377,000. MY.Alpha Management HK Advisors Ltd bought a new position in Bilibili in the 4th quarter valued at approximately $16,620,000. Finally, Persistent Asset Partners Ltd acquired a new stake in Bilibili in the fourth quarter valued at approximately $738,000. Institutional investors and hedge funds own 16.08% of the company’s stock.

About Bilibili

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.