Bilibili (NASDAQ:BILI) Stock Rating Upgraded by JPMorgan Chase & Co.

Bilibili (NASDAQ:BILI) was upgraded by equities research analysts at JPMorgan Chase & Co. from a “neutral” rating to an “overweight” rating in a research report issued to clients and investors on Tuesday, Benzinga reports. The brokerage presently has a $21.00 price objective on the stock. JPMorgan Chase & Co.‘s target price suggests a potential upside of 29.79% from the company’s current price.

Several other analysts also recently weighed in on the company. Benchmark upped their price target on Bilibili from $15.00 to $16.00 and gave the stock a “buy” rating in a research note on Friday, May 24th. Mizuho upped their price objective on Bilibili from $15.00 to $17.00 and gave the company a “buy” rating in a research report on Friday, May 10th. UBS Group raised Bilibili from a “neutral” rating to a “buy” rating and upped their price objective for the company from $11.90 to $18.00 in a research report on Friday, May 31st. Barclays raised Bilibili from an “underweight” rating to an “equal weight” rating and upped their price objective for the company from $10.00 to $14.00 in a research report on Friday, May 24th. Finally, Citigroup cut Bilibili from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $18.00 to $12.50 in a research report on Monday, March 11th. Six analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $16.90.

Bilibili Stock Performance

BILI stock opened at $16.18 on Tuesday. Bilibili has a fifty-two week low of $8.80 and a fifty-two week high of $19.15. The business’s 50 day moving average price is $13.99 and its two-hundred day moving average price is $11.94. The company has a market capitalization of $6.67 billion, a price-to-earnings ratio of -9.69 and a beta of 0.89.

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

Institutional Investors Weigh In On Bilibili

Several hedge funds and other institutional investors have recently modified their holdings of BILI. Rock Creek Group LP purchased a new stake in shares of Bilibili in the 3rd quarter worth $417,000. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Bilibili in the 3rd quarter worth $3,043,000. SG Americas Securities LLC increased its stake in shares of Bilibili by 102.0% in 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. Altfest L J & Co. Inc. increased its stake in shares of Bilibili by 21.9% in the 4th quarter. Altfest L J & Co. Inc. now owns 36,579 shares of the company’s stock worth $445,000 after purchasing an additional 6,573 shares in the last quarter. Finally, Vontobel Holding Ltd. increased its stake in shares of Bilibili by 4.1% in the 4th quarter. Vontobel Holding Ltd. now owns 36,439 shares of the company’s stock worth $443,000 after purchasing an additional 1,424 shares in the last quarter. 16.08% of the stock is currently owned by hedge funds and other institutional investors.

Bilibili Company Profile

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.