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 during trading on Monday . The stock traded as low as $16.91 and last traded at $16.6310, with a volume of 35968 shares changing hands. The stock had previously closed at $17.20.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on BILI. Wall Street Zen cut shares of Bilibili from a “buy” rating to a “hold” rating in a research report on Sunday, April 26th. Benchmark reissued a “buy” rating on shares of Bilibili in a research note on Wednesday, May 20th. Macquarie Infrastructure reaffirmed an “outperform” rating and set a $30.00 target price on shares of Bilibili in a research report on Tuesday, May 19th. Weiss Ratings downgraded Bilibili from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, June 8th. Finally, Morgan Stanley raised Bilibili from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $25.00 to $31.00 in a research report on Monday, April 13th. Nine equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $30.78.

Bilibili Stock Performance

The firm’s 50 day moving average is $20.29 and its 200 day moving average is $25.00. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.35 and a current ratio of 1.35. The stock has a market cap of $6.89 billion, a P/E ratio of 36.91 and a beta of 0.71.

Bilibili (NASDAQ:BILI) last announced its earnings results on Saturday, May 16th. The company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.02. The company had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.09 billion. Bilibili had a net margin of 4.58% and a return on equity of 10.81%. Bilibili’s revenue was up 6.7% compared to the same quarter last year. During the same period last year, the firm earned $0.85 earnings per share. Analysts anticipate that Bilibili Inc. Sponsored ADR will post 0.61 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC raised its stake in Bilibili by 76.6% in the first quarter. EverSource Wealth Advisors LLC now owns 1,628 shares of the company’s stock valued at $37,000 after buying an additional 706 shares during the last quarter. Kestra Advisory Services LLC purchased a new stake in shares of Bilibili during the fourth quarter worth about $43,000. JPMorgan Chase & Co. grew its stake in shares of Bilibili by 25.7% during the second quarter. JPMorgan Chase & Co. now owns 5,295 shares of the company’s stock worth $114,000 after acquiring an additional 1,081 shares during the last quarter. Parallel Advisors LLC increased its holdings in shares of Bilibili by 24.0% during the first quarter. Parallel Advisors LLC now owns 6,257 shares of the company’s stock valued at $141,000 after acquiring an additional 1,211 shares in the last quarter. Finally, Hantz Financial Services Inc. increased its holdings in shares of Bilibili by 61.7% during the fourth quarter. Hantz Financial Services Inc. now owns 5,886 shares of the company’s stock valued at $145,000 after acquiring an additional 2,247 shares in the last quarter. 16.08% of the stock is currently owned by hedge funds and other institutional investors.

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.