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

Key Points

• JPMorgan upgraded Bilibili from "neutral" to "overweight" and set a $35 price target, implying roughly a 32.47% upside from the stock's then-current price.
• The stock carries a consensus rating of "Moderate Buy" (seven Buy, two Hold) with an average analyst target of $30.50, placing JPMorgan's target above the street.
• Morgan Stanley materially increased its stake—up 187.2% to 3,846,849 shares (about $94.6M)—and several other institutions also added positions, while institutional ownership stands at about 16.08%.

Bilibili (NASDAQ:BILI - Get Free Report) was upgraded by research analysts at JPMorgan Chase & Co. from a "neutral" rating to an "overweight" rating in a research note issued to investors on Tuesday,Finviz reports. The brokerage presently has a $35.00 price target on the stock. JPMorgan Chase & Co.'s price target points to a potential upside of 32.47% from the company's current price.

Several other research analysts also recently commented on the stock. Weiss Ratings restated a "hold (c-)" rating on shares of Bilibili in a research report on Wednesday, January 21st. Bank of America decreased their price target on Bilibili from $32.00 to $31.00 and set a "buy" rating on the stock in a research note on Friday, November 28th. Finally, Wall Street Zen cut Bilibili from a "buy" rating to a "hold" rating in a report on Monday, March 9th. Seven research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, Bilibili presently has a consensus rating of "Moderate Buy" and an average target price of $30.50.

Bilibili Price Performance

Shares of NASDAQ:BILI traded up $0.80 during midday trading on Tuesday, hitting $26.42. The stock had a trading volume of 1,570,473 shares, compared to its average volume of 2,952,324. The company's 50-day moving average price is $30.10 and its 200-day moving average price is $27.74. Bilibili has a fifty-two week low of $14.47 and a fifty-two week high of $36.40. The company has a quick ratio of 1.64, a current ratio of 1.36 and a debt-to-equity ratio of 0.31. The company has a market capitalization of $11.04 billion, a P/E ratio of 69.70 and a beta of 0.75.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of BILI. Morgan Stanley increased its stake in shares of Bilibili by 187.2% in the fourth quarter. Morgan Stanley now owns 3,846,849 shares of the company's stock valued at $94,594,000 after buying an additional 2,507,321 shares during the period. Arrowstreet Capital Limited Partnership lifted its stake in shares of Bilibili by 16.9% in the third quarter. Arrowstreet Capital Limited Partnership now owns 1,929,897 shares of the company's stock worth $54,211,000 after acquiring an additional 278,760 shares during the period. Federated Hermes Inc. boosted its holdings in Bilibili by 9.9% in the second quarter. Federated Hermes Inc. now owns 1,480,287 shares of the company's stock valued at $31,752,000 after acquiring an additional 133,828 shares during the last quarter. Man Group plc increased its position in Bilibili by 21.9% during the 2nd quarter. Man Group plc now owns 1,460,147 shares of the company's stock valued at $31,320,000 after purchasing an additional 262,554 shares during the period. Finally, SIH Partners LLLP increased its position in Bilibili by 327.1% during the 4th quarter. SIH Partners LLLP now owns 1,021,800 shares of the company's stock valued at $25,126,000 after purchasing an additional 782,540 shares during the period. 16.08% of the stock is owned by institutional investors and hedge funds.

About Bilibili

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.

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