JP Morgan slashes price target on Bilibili Inc. [BILI] – find out why.

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Bilibili Inc. [NASDAQ: BILI] price plunged by -5.41 percent to reach at -$1.5. The company report on June 30, 2022 that Bilibili Inc. Announces Results of Annual General Meeting.


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Bilibili Inc. (“Bilibili” or the “Company”) (NASDAQ: BILI and HKEX: 9626), an iconic brand and a leading video community for young generations in China, today announced that its annual general meeting (the “AGM”) was held in Shanghai on June 30, 2022 and all the proposed resolutions set out in the notice of AGM were duly passed at the AGM.

All necessary shareholders’ approval in respect of the Company’s proposed conversion to primary listing on the Hong Kong Stock Exchange (the “Proposed Conversion”) has been obtained at the AGM. From the date of this announcement until the effective date of the Proposed Conversion, which is expected to be October 3, 2022 (the “Effective Date”), the Company will continue to make the necessary arrangements to facilitate compliance with all applicable laws, regulation and stock exchange rules as a dual-primary listed issuer on the Hong Kong Stock Exchange and the Nasdaq Global Select Market upon the Effective Date.

A sum of 4956971 shares traded at recent session while its average daily volume was at 9.15M shares. Bilibili Inc. shares reached a high of $27.40 and dropped to a low of $25.15 until finishing in the latest session at $26.21.

The one-year BILI stock forecast points to a potential upside of 40.96. The average equity rating for BILI stock is currently 1.80, trading closer to a bullish pattern in the stock market.

Guru’s Opinion on Bilibili Inc. [BILI]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for BILI shares is $44.39 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on BILI stock is a recommendation set at 1.80. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

JP Morgan have made an estimate for Bilibili Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on May 16, 2022. While these analysts kept the previous recommendation, Goldman raised their target price to Neutral. The new note on the price target was released on April 11, 2022, representing the official price target for Bilibili Inc. stock. Previously, the target price had yet another raise to $15, while JP Morgan analysts kept a Underweight rating on BILI stock. On February 18, 2022, analysts decreased their price target for BILI shares from 105 to 43.

The Average True Range (ATR) for Bilibili Inc. is set at 1.97, with the Price to Sales ratio for BILI stock in the period of the last 12 months amounting to 3.20. The Price to Book ratio for the last quarter was 3.55, with the Price to Cash per share for the same quarter was set at 9.87.

BILI Stock Performance Analysis:

Bilibili Inc. [BILI] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -3.75. With this latest performance, BILI shares gained by 8.44% in over the last four-week period, additionally sinking by -40.96% over the last 6 months – not to mention a drop of -75.88% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for BILI stock in for the last two-week period is set at 51.45, with the RSI for the last a single of trading hit 49.12, and the three-weeks RSI is set at 51.74 for Bilibili Inc. [BILI]. The present Moving Average for the last 50 days of trading for this stock 23.66, while it was recorded at 26.46 for the last single week of trading, and 42.36 for the last 200 days.

Insight into Bilibili Inc. Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and Bilibili Inc. [BILI] shares currently have an operating margin of -33.17 and a Gross Margin at +20.86. Bilibili Inc.’s Net Margin is presently recorded at -35.03.

Return on Total Capital for BILI is now -22.30, given the latest momentum, and Return on Invested Capital for the company is -24.35. Return on Equity for this stock declined to -46.02, with Return on Assets sitting at -17.79. When it comes to the capital structure of this company, Bilibili Inc. [BILI] has a Total Debt to Total Equity ratio set at 88.57. Additionally, BILI Total Debt to Total Capital is recorded at 46.97, with Total Debt to Total Assets ending up at 36.93. Long-Term Debt to Equity for the company is recorded at 81.94, with the Long-Term Debt to Total Capital now at 43.45.

Reflecting on the efficiency of the workforce at the company, Bilibili Inc. [BILI] managed to generate an average of -$666,269 per employee. Receivables Turnover for the company is 7.84 with a Total Asset Turnover recorded at a value of 0.51.Bilibili Inc.’s liquidity data is similarly interesting compelling, with a Current Ratio set at 2.70.

Bilibili Inc. [BILI] Insider Position Details

There are presently around $3,321 million, or 39.50% of BILI stock, in the hands of institutional investors. The top three institutional holders of BILI stocks are: FMR LLC with ownership of 19,482,423, which is approximately 69.046% of the company’s market cap and around 3.27% of the total institutional ownership; ALIBABA GROUP HOLDING LTD, holding 10,000,000 shares of the stock with an approximate value of $277.1 million in BILI stocks shares; and YIHENG CAPITAL MANAGEMENT, L.P., currently with $259.28 million in BILI stock with ownership of nearly 42.073% of the company’s market capitalization.

Positions in Bilibili Inc. stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 118 institutional holders increased their position in Bilibili Inc. [NASDAQ:BILI] by around 30,454,456 shares. Additionally, 141 investors decreased positions by around 43,821,209 shares, while 28 investors held positions by with 45,570,608 shares. The mentioned changes placed institutional holdings at 119,846,273 shares, according to the latest SEC report filing. BILI stock had 30 new institutional investments in for a total of 1,416,014 shares, while 77 institutional investors sold positions of 12,234,139 shares during the same period.

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