Bilibili (NASDAQ:BILI) Lifted to Overweight at JPMorgan Chase & Co.

JPMorgan Chase & Co. upgraded shares of Bilibili (NASDAQ:BILIFree Report) from a neutral rating to an overweight rating in a research report report published on Tuesday, MarketBeat reports. They currently have $21.00 price target on the stock.

A number of other equities analysts also recently issued reports on BILI. Barclays raised shares of Bilibili from an underweight rating to an equal weight rating and lifted their price objective for the stock from $10.00 to $14.00 in a report on Friday, May 24th. Benchmark boosted their price target on shares of Bilibili from $15.00 to $16.00 and gave the stock a buy rating in a report on Friday, May 24th. Citigroup lowered shares of Bilibili from a buy rating to a neutral rating and decreased their price objective for the company from $18.00 to $12.50 in a research note on Monday, March 11th. UBS Group upgraded Bilibili from a neutral rating to a buy rating and boosted their target price for the stock from $11.90 to $18.00 in a research note on Friday, May 31st. Finally, Mizuho increased their price target on Bilibili from $15.00 to $17.00 and gave the company a buy rating in a research report on Friday, May 10th. Six research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of Hold and an average target price of $16.90.

Read Our Latest Stock Analysis on BILI

Bilibili Stock Performance

BILI stock opened at $17.05 on Tuesday. The business has a 50-day simple moving average of $14.09 and a two-hundred day simple moving average of $11.97. The company has a market capitalization of $7.03 billion, a P/E ratio of -10.21 and a beta of 0.89. Bilibili has a 52-week low of $8.80 and a 52-week high of $19.15.

Bilibili (NASDAQ:BILIGet Free Report) last posted its earnings results on Thursday, May 23rd. The company reported ($0.24) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.02. Bilibili had a negative return on equity of 26.46% and a negative net margin of 21.41%. The company had revenue of $791.16 million for the quarter, compared to analyst estimates of $775.06 million. As a group, sell-side analysts forecast that Bilibili will post -0.5 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Bilibili

Large investors have recently modified their holdings of the business. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Bilibili during the third quarter worth $3,043,000. SG Americas Securities LLC lifted its holdings in Bilibili by 102.0% during the 4th quarter. SG Americas Securities LLC now owns 80,257 shares of the company’s stock worth $977,000 after purchasing an additional 40,523 shares in the last quarter. Quadrant Capital Group LLC boosted its stake in Bilibili by 19.3% in the 4th quarter. Quadrant Capital Group LLC now owns 10,283 shares of the company’s stock worth $125,000 after purchasing an additional 1,667 shares during the period. Trexquant Investment LP purchased a new position in Bilibili during the 4th quarter valued at about $2,167,000. Finally, Daiwa Securities Group Inc. increased its position in shares of Bilibili by 29.1% during the fourth quarter. Daiwa Securities Group Inc. now owns 6,970 shares of the company’s stock valued at $85,000 after buying an additional 1,569 shares during the period. Hedge funds and other institutional investors own 16.08% of the company’s stock.

About Bilibili

(Get Free Report)

Bilibili Inc provides online entertainment services for the young generations in the People's Republic of China. It offers a range of digital content, including professional user generated videos, mobile games, and value-added services, such as live broadcasting, occupationally generated videos, audio drama on Maoer, and comics on Bilibili Comic.

Further Reading

Analyst Recommendations for Bilibili (NASDAQ:BILI)

Receive News & Ratings for Bilibili Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bilibili and related companies with MarketBeat.com's FREE daily email newsletter.