Bilibili (NASDAQ:BILI) Reaches New 1-Year Low – Here’s What Happened

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

Analysts Set New Price Targets

Several research analysts have recently issued reports on BILI shares. Weiss Ratings restated a “hold (c-)” rating on shares of Bilibili in a research note on Monday, April 20th. Benchmark restated a “buy” rating on shares of Bilibili in a research note on Wednesday. Morgan Stanley upgraded Bilibili from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $25.00 to $31.00 in a research note on Monday, April 13th. Citigroup upgraded Bilibili from a “neutral” rating to a “buy” rating and set a $27.00 price objective for the company in a research note on Friday, March 27th. Finally, Wall Street Zen cut Bilibili from a “buy” rating to a “hold” rating in a research note 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, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $30.78.

Bilibili Stock Performance

The firm has a 50-day moving average of $23.10 and a two-hundred day moving average of $26.44. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.31. The company has a market capitalization of $7.34 billion, a PE ratio of 39.37 and a beta of 0.79.

Bilibili (NASDAQ:BILI) last announced its quarterly earnings results on Tuesday, May 19th. 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 analysts’ expectations of $1.09 billion. Bilibili had a return on equity of 11.03% and a net margin of 4.58%.Bilibili’s quarterly revenue was up 6.7% on a year-over-year basis. During the same period last year, the business earned $0.85 earnings per share. Research analysts anticipate that Bilibili Inc. Sponsored ADR will post 0.64 EPS for the current year.

Institutional Trading of Bilibili

Several institutional investors have recently bought and sold shares of the business. EverSource Wealth Advisors LLC grew its holdings 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 purchasing an additional 706 shares during the period. Lazard Asset Management LLC grew its holdings in Bilibili by 120.9% in the first quarter. Lazard Asset Management LLC now owns 49,758 shares of the company’s stock valued at $1,123,000 after purchasing an additional 27,231 shares during the period. Renaissance Technologies LLC grew its holdings in Bilibili by 121.1% in the first 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 period. PNC Financial Services Group Inc. grew its holdings in Bilibili by 20.0% in the first quarter. PNC Financial Services Group Inc. now owns 12,078 shares of the company’s stock valued at $272,000 after purchasing an additional 2,010 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in Bilibili by 7.2% in the first quarter. Dimensional Fund Advisors LP now owns 170,834 shares of the company’s stock valued at $3,854,000 after purchasing an additional 11,413 shares during the period. 16.08% of the stock is owned by institutional investors and hedge funds.

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.