Bilibili (NASDAQ:BILI) Reaches New 12-Month Low – Time to Sell?

Bilibili Inc. Sponsored ADR (NASDAQ:BILI)’s stock price reached a new 52-week low during mid-day trading on Wednesday. The stock traded as low as $14.30 and last traded at $14.3240, with a volume of 1,418,521 shares. The stock had previously closed at $14.98.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on BILI shares. BNP Paribas Exane initiated coverage on Bilibili in a research report on Tuesday, September 22nd. They set an “outperform” rating and a $23.00 target price on the stock. Piper Sandler set a $29.00 price target on Bilibili in a report on Friday, August 28th. Citigroup reaffirmed a “buy” rating on shares of Bilibili in a report on Wednesday. Weiss Ratings upgraded shares of Bilibili from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, September 28th. Finally, Morgan Stanley reissued an “overweight” rating and set a $27.00 price objective on shares of Bilibili in a report on Thursday, August 27th. Nine analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $29.70.

Bilibili Price Performance

The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.29. The firm has a market capitalization of $5.87 billion, a PE ratio of 28.89, a P/E/G ratio of 1.27 and a beta of 0.65. The company has a fifty day moving average price of $15.99 and a two-hundred day moving average price of $18.37.

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

Institutional Trading of Bilibili

Several hedge funds and other institutional investors have recently made changes to their positions in BILI. Panagora Asset Management Inc. increased its stake in shares of Bilibili by 138.0% during the fourth quarter. Panagora Asset Management Inc. now owns 869,388 shares of the company’s stock worth $21,378,000 after acquiring an additional 504,070 shares during the period. MY.Alpha Management HK Advisors Ltd purchased a new position in Bilibili during the fourth quarter worth about $16,620,000. Renaissance Technologies LLC lifted its position 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. Hsbc Holdings PLC lifted its position in Bilibili by 230.5% in the first 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 period. Finally, XY Capital Ltd lifted its position in Bilibili by 148.1% in the second quarter. XY Capital Ltd now owns 253,880 shares of the company’s stock valued at $4,324,000 after purchasing an additional 151,563 shares during the period. Hedge funds and other institutional investors own 16.08% of the company’s stock.

Bilibili Company Profile

Bilibili Inc (NASDAQ: BILI) operates a digital entertainment and content platform primarily serving users in China. The company is known for its strong focus on anime, comics and games, as well as its community-oriented culture and interactive video features. Its platform hosts user-generated content, professionally produced videos and other forms of entertainment across categories such as lifestyle, knowledge, music and technology.

Bilibili offers online video services, livestreaming, mobile games and other value-added services.