Bilibili Inc. Sponsored ADR (NASDAQ:BILI – Get Free Report) reached a new 52-week low on Wednesday. The stock traded as low as $14.30 and last traded at $14.3240, with a volume of 1,418,521 shares trading hands. The stock had previously closed at $14.98.
Analysts Set New Price Targets
A number of analysts have issued reports on the company. Weiss Ratings downgraded Bilibili from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday. Morgan Stanley reiterated an “overweight” rating and set a $27.00 target price on shares of Bilibili in a research report on Thursday, August 27th. Benchmark reiterated a “buy” rating on shares of Bilibili in a research report on Friday, August 28th. Citigroup cut their target price on shares of Bilibili from $27.00 to $26.50 and set a “buy” rating for the company in a report on Wednesday. Finally, Piper Sandler set a $29.00 price target on shares of Bilibili in a research report on Friday, August 28th. Nine investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $29.65.
Read Our Latest Stock Analysis on BILI
Bilibili Price Performance
The firm’s 50-day moving average price is $15.81 and its 200-day moving average price is $18.26. 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 stock has a market capitalization of $5.98 billion, a PE ratio of 25.03, a PEG ratio of 1.20 and a beta of 0.65.
Bilibili (NASDAQ:BILI – Get Free Report) last announced its quarterly earnings results on Saturday, August 15th. The company reported $0.23 EPS for the quarter. The firm had revenue of $1.17 billion during the quarter. Bilibili had a net margin of 4.88% and a return on equity of 11.42%. On average, equities analysts forecast that Bilibili Inc. Sponsored ADR will post 0.64 EPS for the current fiscal year.
Institutional Investors Weigh In On Bilibili
Institutional investors have recently modified their holdings of the stock. Farther Finance Advisors LLC raised its holdings in Bilibili by 53.5% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,084 shares of the company’s stock valued at $31,000 after buying an additional 726 shares during the period. Nykredit A S purchased a new position in Bilibili during the second quarter worth $110,000. Corient Private Wealth LP boosted its stake in Bilibili by 79.2% during the second quarter. Corient Private Wealth LP now owns 21,329 shares of the company’s stock worth $363,000 after buying an additional 9,427 shares during the period. XY Capital Ltd boosted its stake in Bilibili by 148.1% during the second quarter. XY Capital Ltd now owns 253,880 shares of the company’s stock worth $4,324,000 after buying an additional 151,563 shares during the period. Finally, Headlands Technologies LLC purchased a new position in Bilibili during the second quarter worth $903,000. 16.08% of the stock is owned by institutional investors.
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.
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