Bilibili (NASDAQ:BILI) Hits New 52-Week Low – Should You Sell?

Shares of Bilibili Inc. Sponsored ADR (NASDAQ:BILI) reached a new 52-week low during trading on Tuesday . The stock traded as low as $15.78 and last traded at $15.79, with a volume of 3217161 shares changing hands. The stock had previously closed at $16.16.

Analysts Set New Price Targets

BILI has been the topic of a number of analyst reports. Benchmark restated a “buy” rating on shares of Bilibili in a research report on Friday, August 28th. Weiss Ratings raised Bilibili from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday. Macquarie Infrastructure restated an “outperform” rating and issued a $30.00 price objective on shares of Bilibili in a research report on Tuesday, May 19th. Morgan Stanley reaffirmed an “overweight” rating and set a $27.00 target price on shares of Bilibili in a research note on Thursday, August 27th. Finally, Piper Sandler set a $29.00 price target on shares of Bilibili in a research note on Friday, August 28th. Eight analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, Bilibili currently has a consensus rating of “Moderate Buy” and a consensus target price of $30.44.

Bilibili Trading Up 0.4%

The company has a fifty day moving average of $17.55 and a 200-day moving average of $20.83. 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 company has a market capitalization of $6.43 billion, a price-to-earnings ratio of 31.64, a PEG ratio of 1.42 and a beta of 0.71.

Bilibili (NASDAQ:BILI) last announced its earnings results on Saturday, August 15th. The company reported $0.23 EPS 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%. As a group, equities research analysts anticipate that Bilibili Inc. Sponsored ADR will post 0.6 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC boosted its stake in Bilibili by 76.6% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,628 shares of the company’s stock worth $37,000 after purchasing an additional 706 shares during the last quarter. Kestra Advisory Services LLC acquired a new stake in shares of Bilibili in the fourth quarter valued at about $43,000. Nykredit A S acquired a new stake in shares of Bilibili in the second quarter valued at about $110,000. JPMorgan Chase & Co. lifted its stake in shares of Bilibili by 25.7% in the second quarter. JPMorgan Chase & Co. now owns 5,295 shares of the company’s stock worth $114,000 after buying an additional 1,081 shares in the last quarter. Finally, Parallel Advisors LLC lifted its stake in shares of Bilibili by 24.0% in the first quarter. Parallel Advisors LLC now owns 6,257 shares of the company’s stock worth $141,000 after buying an additional 1,211 shares in the last quarter. 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.