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

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

Other equities research analysts have also issued research reports about the stock. Mizuho raised their price target on shares of Bilibili from $15.00 to $17.00 and gave the company a “buy” rating in a research note on Friday, May 10th. Benchmark raised their price objective on shares of Bilibili from $15.00 to $16.00 and gave the company a “buy” rating in a research note on Friday, May 24th. Barclays upgraded shares of Bilibili from an “underweight” rating to an “equal weight” rating and raised their price objective for the company from $10.00 to $14.00 in a research note on Friday, May 24th. UBS Group upgraded shares of Bilibili from a “neutral” rating to a “buy” rating and raised their price objective for the company from $11.90 to $18.00 in a research note on Friday, May 31st. Finally, Citigroup cut shares of Bilibili from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $18.00 to $12.50 in a report on Monday, March 11th. Six equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $16.90.

Bilibili Trading Up 3.0 %

BILI traded up $0.47 on Tuesday, hitting $16.18. 7,324,904 shares of the company’s stock were exchanged, compared to its average volume of 7,263,457. The firm has a market cap of $6.67 billion, a PE ratio of -9.69 and a beta of 0.89. Bilibili has a twelve month low of $8.80 and a twelve month high of $19.15. The stock has a fifty day moving average of $13.81 and a two-hundred day moving average of $11.88.

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

Institutional Investors Weigh In On Bilibili

Institutional investors have recently modified their holdings of the stock. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Bilibili during the 3rd quarter valued at $3,043,000. SG Americas Securities LLC boosted its stake in shares of Bilibili by 102.0% during the 4th quarter. SG Americas Securities LLC now owns 80,257 shares of the company’s stock valued at $977,000 after buying an additional 40,523 shares during the period. Quadrant Capital Group LLC boosted its stake in shares of Bilibili by 19.3% during the 4th quarter. Quadrant Capital Group LLC now owns 10,283 shares of the company’s stock valued at $125,000 after buying an additional 1,667 shares during the period. Trexquant Investment LP acquired a new stake in shares of Bilibili during the 4th quarter valued at $2,167,000. Finally, Daiwa Securities Group Inc. boosted its stake in shares of Bilibili by 29.1% during the 4th 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. Institutional investors and hedge funds own 16.08% of the company’s stock.

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.