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

Bilibili Inc. Sponsored ADR (NASDAQ:BILI)’s share price hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $17.40 and last traded at $17.4260, with a volume of 1145889 shares traded. The stock had previously closed at $18.30.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Bilibili in a research report on Monday, April 20th. JPMorgan Chase & Co. raised shares of Bilibili from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $27.00 to $35.00 in a research report on Tuesday, March 17th. Citigroup raised shares of Bilibili from a “neutral” rating to a “buy” rating and set a $27.00 price objective on the stock in a research report on Friday, March 27th. Macquarie Infrastructure reaffirmed an “outperform” rating and issued a $30.00 price objective on shares of Bilibili in a research report on Tuesday. Finally, Wall Street Zen downgraded shares of Bilibili from a “buy” rating to a “hold” rating in a research report on Sunday, April 26th. Nine analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $30.78.

Bilibili Stock Performance

The company has a market cap of $7.15 billion, a PE ratio of 38.29 and a beta of 0.79. The company has a current ratio of 1.35, a quick ratio of 1.36 and a debt-to-equity ratio of 0.30. The firm’s 50-day simple moving average is $22.76 and its two-hundred day simple moving average is $26.29.

Bilibili (NASDAQ:BILI) last released its earnings results on Tuesday, May 19th. The company reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.02. The company had revenue of $1.08 billion for 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 quarter in the previous year, the firm earned $0.85 EPS. As a group, research analysts anticipate that Bilibili Inc. Sponsored ADR will post 0.64 earnings per share for the current fiscal year.

Institutional Trading of Bilibili

Several large investors have recently bought and sold shares of BILI. Royal Bank of Canada grew its position in Bilibili by 1.2% during the 1st quarter. Royal Bank of Canada now owns 87,505 shares of the company’s stock worth $1,672,000 after purchasing an additional 1,014 shares during the last quarter. Geode Capital Management LLC grew its position in Bilibili by 0.7% during the 2nd quarter. Geode Capital Management LLC now owns 103,666 shares of the company’s stock worth $2,224,000 after purchasing an additional 713 shares during the last quarter. Cetera Investment Advisers purchased a new stake in shares of Bilibili in the 2nd quarter valued at $398,000. JPMorgan Chase & Co. boosted its holdings in shares of Bilibili by 25.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 5,295 shares of the company’s stock valued at $114,000 after acquiring an additional 1,081 shares during the last quarter. Finally, Norges Bank purchased a new stake in shares of Bilibili in the 2nd quarter valued at $244,000. Hedge funds and other institutional investors own 16.08% of the company’s stock.

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.