Bilibili Inc. Sponsored ADR (NASDAQ:BILI – Get Free Report)’s share price hit a new 52-week low during trading on Monday . The stock traded as low as $16.91 and last traded at $16.6310, with a volume of 35968 shares trading hands. The stock had previously closed at $17.20.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently commented on the company. JPMorgan Chase & Co. raised 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 note on Tuesday, March 17th. Morgan Stanley upgraded shares of Bilibili from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $25.00 to $31.00 in a research report on Monday, April 13th. Wall Street Zen lowered shares of Bilibili from a “buy” rating to a “hold” rating in a research note on Sunday, April 26th. Benchmark restated a “buy” rating on shares of Bilibili in a report on Wednesday, May 20th. Finally, Weiss Ratings cut shares of Bilibili from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, June 8th. Nine equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $30.78.
Get Our Latest Report on Bilibili
Bilibili Trading Down 4.8%
Bilibili (NASDAQ:BILI – Get Free Report) last released its quarterly earnings results on Saturday, May 16th. The company reported $0.19 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.02. Bilibili had a return on equity of 10.81% and a net margin of 4.58%.The company had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.09 billion. During the same quarter last year, the firm posted $0.85 earnings per share. Bilibili’s revenue was up 6.7% compared to the same quarter last year. As a group, equities analysts expect that Bilibili Inc. Sponsored ADR will post 0.61 earnings per share for the current year.
Institutional Investors Weigh In On Bilibili
Several large investors have recently made changes to their positions in the stock. Morgan Stanley lifted its position in Bilibili by 187.2% in the 4th quarter. Morgan Stanley now owns 3,846,849 shares of the company’s stock valued at $94,594,000 after acquiring an additional 2,507,321 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in Bilibili by 16.9% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,929,897 shares of the company’s stock worth $54,211,000 after purchasing an additional 278,760 shares in the last quarter. Man Group plc raised its stake in shares of Bilibili by 21.9% in the 2nd quarter. Man Group plc now owns 1,460,147 shares of the company’s stock valued at $31,320,000 after purchasing an additional 262,554 shares during the period. SIH Partners LLLP raised its stake in shares of Bilibili by 327.1% in the 4th quarter. SIH Partners LLLP now owns 1,021,800 shares of the company’s stock valued at $25,126,000 after purchasing an additional 782,540 shares during the period. Finally, Step Capital Management Pte. Ltd. bought a new stake in shares of Bilibili in the fourth quarter valued at about $24,590,000. 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.
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