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

JPMorgan Chase & Co. upgraded shares of Bilibili (NASDAQ:BILI) from a neutral rating to an overweight rating in a report published on Tuesday, Benzinga reports. The firm currently has $21.00 price target on the stock.

A number of other brokerages have also recently commented on BILI. UBS Group raised shares of Bilibili from a neutral rating to a buy rating and raised their price objective for the stock from $11.90 to $18.00 in a research note on Friday, May 31st. Barclays raised shares of Bilibili from an underweight rating to an equal weight rating and raised their price objective for the stock from $10.00 to $14.00 in a research note on Friday, May 24th. Citigroup cut shares of Bilibili from a buy rating to a neutral rating and dropped their price objective for the stock from $18.00 to $12.50 in a research note on Monday, March 11th. Mizuho raised their price objective on shares of Bilibili from $15.00 to $17.00 and gave the stock a buy rating in a research note on Friday, May 10th. Finally, Benchmark raised their price objective on shares of Bilibili from $15.00 to $16.00 and gave the stock a buy rating in a research note on Friday, May 24th. Six research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Bilibili currently has an average rating of Hold and a consensus price target of $16.90.

Bilibili Trading Up 3.0 %

Shares of NASDAQ:BILI opened at $16.18 on Tuesday. Bilibili has a twelve month low of $8.80 and a twelve month high of $19.15. The company’s 50 day moving average is $13.90 and its 200 day moving average is $11.91. The company has a market cap of $6.67 billion, a PE ratio of -9.69 and a beta of 0.89.

Bilibili (NASDAQ:BILI) last issued its quarterly earnings results 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. Bilibili had a negative net margin of 21.41% and a negative return on equity of 26.46%. The company had revenue of $791.16 million for the quarter, compared to the consensus estimate of $775.06 million. Equities research analysts predict that Bilibili will post -0.5 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Bilibili

Institutional investors have recently added to or reduced their stakes in the stock. Mizuho Securities Co. Ltd. purchased a new position in Bilibili in the 4th quarter valued at $55,000. Parallel Advisors LLC lifted its holdings in Bilibili by 62.6% in the 4th quarter. Parallel Advisors LLC now owns 4,503 shares of the company’s stock valued at $55,000 after purchasing an additional 1,734 shares in the last quarter. Tower Research Capital LLC TRC lifted its holdings in Bilibili by 349.0% in the 4th quarter. Tower Research Capital LLC TRC now owns 6,703 shares of the company’s stock valued at $82,000 after purchasing an additional 5,210 shares in the last quarter. Daiwa Securities Group Inc. lifted its holdings in Bilibili by 29.1% in the 4th quarter. Daiwa Securities Group Inc. now owns 6,970 shares of the company’s stock valued at $85,000 after purchasing an additional 1,569 shares in the last quarter. Finally, Headlands Technologies LLC purchased a new position in Bilibili in the 4th quarter valued at $100,000. 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.