Bilibili (NASDAQ:BILI) Upgraded at Morgan Stanley

Key Points

• Morgan Stanley upgraded Bilibili from "equal weight" to "overweight" and raised its price target to $31 (from $25), implying about a 30.5% upside versus the stock's current price.
• Other notable analyst moves include JPMorgan also raising Bilibili to "overweight" with a $35 target and Citigroup moving to "buy" with a $27 target; the consensus is a "Moderate Buy" with an average price target of $30.55 (nine Buys, one Hold).
• Bilibili shares opened at $23.76, the company has a market cap of $9.85 billion and a P/E of 62.53, with a 12‑month trading range of $15.84 to $36.40 and roughly 16.1% institutional ownership.

Bilibili (NASDAQ:BILI - Get Free Report) was upgraded by analysts at Morgan Stanley from an "equal weight" rating to an "overweight" rating in a note issued to investors on Monday,Benzinga reports. The firm presently has a $31.00 target price on the stock, up from their previous target price of $25.00. Morgan Stanley's price objective indicates a potential upside of 30.47% from the company's current price.

A number of other research analysts also recently issued reports on BILI. Wall Street Zen downgraded shares of Bilibili from a "buy" rating to a "hold" rating in a research report on Monday, March 9th. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Bilibili in a research report on Wednesday, January 21st. Citigroup raised shares of Bilibili from a "neutral" rating to a "buy" rating and set a $27.00 target price on the stock in a research report on Friday, March 27th. Finally, JPMorgan Chase & Co. raised shares of Bilibili from a "neutral" rating to an "overweight" rating and upped their target price for the stock from $27.00 to $35.00 in a research report on Tuesday, March 17th. Nine equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $30.55.

Bilibili Price Performance

Shares of Bilibili stock opened at $23.76 on Monday. 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's fifty day simple moving average is $26.90 and its two-hundred day simple moving average is $27.57. The company has a market cap of $9.85 billion, a P/E ratio of 62.53 and a beta of 0.87. Bilibili has a 12-month low of $15.84 and a 12-month high of $36.40.

Institutional Trading of Bilibili

Hedge funds and other institutional investors have recently modified their holdings of the business. Kestra Advisory Services LLC purchased a new stake in shares of Bilibili in the 4th quarter worth about $43,000. Farther Finance Advisors LLC boosted its stake in Bilibili by 226.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,187 shares of the company's stock worth $61,000 after purchasing an additional 1,518 shares in the last quarter. Hantz Financial Services Inc. boosted its stake in Bilibili by 253.0% in the 3rd quarter. Hantz Financial Services Inc. now owns 3,639 shares of the company's stock worth $102,000 after purchasing an additional 2,608 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in Bilibili by 25.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 5,295 shares of the company's stock worth $114,000 after purchasing an additional 1,081 shares in the last quarter. Finally, Bridgewater Advisors Inc. bought a new position in Bilibili in the 4th quarter worth about $175,000. 16.08% of the stock is owned by hedge funds and other institutional investors.

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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