Macquarie Begins Coverage on Bilibili (NASDAQ:BILI)

Key Points

• Macquarie initiated coverage on Bilibili (NASDAQ:BILI) with an "outperform" rating and a price target of $36.03, indicating a potential upside of 37% from the current price.
• Multiple analysts have recently upgraded their price targets on Bilibili, with overall consensus indicating a "Buy" rating and an average price target of $26.95.
• Bilibili's current stock price opened at $26.30, with a market cap of approximately $10.99 billion and a high of $30.92 over the past year.

Investment analysts at Macquarie began coverage on shares of Bilibili (NASDAQ:BILI - Get Free Report) in a note issued to investors on Tuesday, Marketbeat reports. The firm set an "outperform" rating and a $36.03 price target on the stock. Macquarie's target price indicates a potential upside of 37.00% from the stock's current price.

A number of other equities analysts also recently commented on BILI. Bank of America boosted their price objective on Bilibili from $25.00 to $27.00 and gave the stock a "buy" rating in a research report on Thursday, July 17th. Jefferies Financial Group set a $28.00 price objective on Bilibili in a research report on Thursday, August 21st. Barclays boosted their price objective on Bilibili from $25.00 to $28.00 and gave the stock an "overweight" rating in a research report on Friday, August 22nd. JPMorgan Chase & Co. downgraded Bilibili from an "overweight" rating to a "neutral" rating and boosted their price objective for the stock from $21.00 to $24.00 in a research report on Monday, July 28th. Finally, Wall Street Zen raised Bilibili from a "hold" rating to a "buy" rating in a research report on Saturday, August 23rd. Three investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of "Buy" and a consensus price target of $26.95.

Bilibili Stock Performance

NASDAQ BILI opened at $26.30 on Tuesday. The company has a market cap of $10.99 billion, a P/E ratio of 375.71 and a beta of 0.93. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.60 and a quick ratio of 1.60. The stock has a 50-day moving average of $25.29 and a two-hundred day moving average of $21.56. Bilibili has a 1-year low of $14.47 and a 1-year high of $30.92.

Institutional Investors Weigh In On Bilibili

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. lifted its stake in Bilibili by 7.7% in the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 9,970 shares of the company's stock valued at $214,000 after buying an additional 709 shares during the last quarter. Geode Capital Management LLC lifted its stake in Bilibili by 0.7% in the second quarter. Geode Capital Management LLC now owns 103,666 shares of the company's stock valued at $2,224,000 after buying an additional 713 shares during the last quarter. Advisors Asset Management Inc. lifted its stake in Bilibili by 16.6% in the first quarter. Advisors Asset Management Inc. now owns 5,280 shares of the company's stock valued at $101,000 after buying an additional 751 shares during the last quarter. Royal Bank of Canada lifted its stake in Bilibili by 1.2% in the first quarter. Royal Bank of Canada now owns 87,505 shares of the company's stock valued at $1,672,000 after buying an additional 1,014 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in Bilibili by 25.7% in the second quarter. JPMorgan Chase & Co. now owns 5,295 shares of the company's stock valued at $114,000 after buying an additional 1,081 shares during the last quarter. Hedge funds and other institutional investors own 16.08% of the company's stock.

About Bilibili

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.