Bilibili (NASDAQ:BILI) Upgraded at JPMorgan Chase & Co.

JPMorgan Chase & Co. upgraded shares of Bilibili (NASDAQ:BILI) from a neutral rating to an overweight rating in a report released on Tuesday morning, Marketbeat reports. They currently have $35.00 price objective on the stock, up from their previous price objective of $27.00.

Several other brokerages have also issued reports on BILI. Bank of America dropped their price objective on Bilibili from $32.00 to $31.00 and set a “buy” rating on the stock in a report on Friday, November 28th. Wall Street Zen downgraded Bilibili from a “buy” rating to a “hold” rating in a report on Monday, March 9th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Bilibili in a research report on Wednesday, January 21st. Seven equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $30.50.

Bilibili Trading Down 1.5%

Shares of Bilibili stock opened at $25.13 on Tuesday. The company has a current ratio of 1.36, a quick ratio of 1.64 and a debt-to-equity ratio of 0.31. The company has a fifty day simple moving average of $29.99 and a 200-day simple moving average of $27.73. The stock has a market cap of $10.50 billion, a price-to-earnings ratio of 66.13 and a beta of 0.75. Bilibili has a 12-month low of $14.47 and a 12-month high of $36.40.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Kestra Advisory Services LLC acquired a new position in Bilibili in the fourth quarter valued at $43,000. Farther Finance Advisors LLC grew its holdings in shares of Bilibili by 226.9% during the third quarter. Farther Finance Advisors LLC now owns 2,187 shares of the company’s stock worth $61,000 after buying an additional 1,518 shares during the last quarter. Hantz Financial Services Inc. grew its holdings in shares of Bilibili by 253.0% during the third quarter. Hantz Financial Services Inc. now owns 3,639 shares of the company’s stock worth $102,000 after buying an additional 2,608 shares during the last quarter. JPMorgan Chase & Co. increased its position in Bilibili by 25.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 5,295 shares of the company’s stock valued at $114,000 after acquiring an additional 1,081 shares during the period. Finally, Advisors Asset Management Inc. increased its position in Bilibili by 19.0% in the 2nd quarter. Advisors Asset Management Inc. now owns 6,285 shares of the company’s stock valued at $135,000 after acquiring an additional 1,005 shares during the period. 16.08% of the stock is owned by hedge funds and other institutional investors.

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.