Bilibili (NASDAQ:BILI) Reaches New 12-Month Low – Should You Sell?

Shares of Bilibili Inc. Sponsored ADR (NASDAQ:BILI) hit a new 52-week low during mid-day trading on Tuesday. The stock traded as low as $13.88 and last traded at $13.9240, with a volume of 21,328 shares traded. The stock had previously closed at $14.01.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. BNP Paribas Exane began coverage on shares of Bilibili in a research report on Tuesday, September 22nd. They set an “outperform” rating and a $23.00 price target for the company. Citigroup cut 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. Benchmark reissued a “buy” rating on shares of Bilibili in a report on Friday, August 28th. Morgan Stanley reiterated an “overweight” rating and issued a $27.00 price target on shares of Bilibili in a research report on Thursday, August 27th. Finally, Weiss Ratings downgraded Bilibili from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, October 14th. Nine investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Bilibili presently has a consensus rating of “Moderate Buy” and a consensus price target of $29.65.

Bilibili Trading Down 0.3%

The company has a debt-to-equity ratio of 0.29, a current ratio of 1.32 and a quick ratio of 1.32. The firm has a market capitalization of $5.79 billion, a PE ratio of 28.46, a price-to-earnings-growth ratio of 1.18 and a beta of 0.65. The stock’s 50-day moving average price is $15.62 and its 200 day moving average price is $18.14.

Bilibili (NASDAQ:BILI) last issued its earnings results on Saturday, August 15th. The company reported $0.23 earnings per share for the quarter. The business had revenue of $1.17 billion during the quarter. Bilibili had a return on equity of 11.42% and a net margin of 4.88%. On average, sell-side analysts expect that Bilibili Inc. Sponsored ADR will post 0.64 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Renaissance Technologies LLC increased its stake in shares of Bilibili by 121.1% during the first quarter. Renaissance Technologies LLC now owns 507,335 shares of the company’s stock worth $11,445,000 after purchasing an additional 277,900 shares in the last quarter. Hsbc Holdings PLC boosted its position in Bilibili by 230.5% during the first quarter. Hsbc Holdings PLC now owns 199,039 shares of the company’s stock worth $4,458,000 after acquiring an additional 138,810 shares during the last quarter. XY Capital Ltd grew its stake in Bilibili by 148.1% during the 2nd quarter. XY Capital Ltd now owns 253,880 shares of the company’s stock valued at $4,324,000 after acquiring an additional 151,563 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Bilibili by 7.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 170,834 shares of the company’s stock worth $3,854,000 after purchasing an additional 11,413 shares in the last quarter. Finally, SG Americas Securities LLC increased its holdings in shares of Bilibili by 187.7% in the first quarter. SG Americas Securities LLC now owns 51,970 shares of the company’s stock valued at $1,172,000 after purchasing an additional 33,907 shares during the last quarter. 16.08% of the stock is currently owned by institutional investors and hedge funds.

Bilibili Company Profile

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.