Bilibili (NASDAQ:BILI) Given New $27.00 Price Target at JPMorgan Chase & Co.

Bilibili (NASDAQ:BILI) had its price target hoisted by JPMorgan Chase & Co. from $24.00 to $27.00 in a research report sent to investors on Tuesday,Benzinga reports. The brokerage currently has a neutral rating on the stock.

BILI has been the topic of several other reports. Jefferies Financial Group set a $28.00 price objective on shares of Bilibili in a research report on Thursday, August 21st. Wall Street Zen upgraded Bilibili from a “hold” rating to a “buy” rating in a research note on Sunday. Benchmark boosted their price objective on Bilibili from $28.00 to $29.00 and gave the company a “buy” rating in a research report on Friday, November 14th. Sanford C. Bernstein upped their price objective on Bilibili from $28.00 to $32.00 and gave the stock an “outperform” rating in a research note on Thursday, October 23rd. Finally, Macquarie assumed coverage on Bilibili in a research report on Tuesday, October 14th. They set an “outperform” rating and a $36.03 target price for the company. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, Bilibili currently has a consensus rating of “Moderate Buy” and a consensus target price of $29.17.

Bilibili Price Performance

Shares of NASDAQ:BILI opened at $26.21 on Tuesday. The company has a market capitalization of $10.96 billion, a P/E ratio of 104.84 and a beta of 0.97. Bilibili has a 1-year low of $14.47 and a 1-year high of $32.50. The firm’s 50 day simple moving average is $27.77 and its two-hundred day simple moving average is $23.63. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.64 and a quick ratio of 1.64.

Institutional Investors Weigh In On Bilibili

Hedge funds have recently made changes to their positions in the company. Arrowstreet Capital Limited Partnership boosted its stake in Bilibili by 16.9% during the third quarter. Arrowstreet Capital Limited Partnership now owns 1,929,897 shares of the company’s stock valued at $54,211,000 after buying an additional 278,760 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its holdings in Bilibili by 2.9% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,547,057 shares of the company’s stock valued at $29,564,000 after buying an additional 42,914 shares in the last quarter. Federated Hermes Inc. increased its stake in Bilibili by 9.9% in the 2nd quarter. Federated Hermes Inc. now owns 1,480,287 shares of the company’s stock worth $31,752,000 after acquiring an additional 133,828 shares during the last quarter. Man Group plc increased its stake in Bilibili by 21.9% in the 2nd quarter. Man Group plc now owns 1,460,147 shares of the company’s stock worth $31,320,000 after acquiring an additional 262,554 shares during the last quarter. Finally, Russell Investments Group Ltd. purchased a new stake in shares of Bilibili during the 1st quarter worth approximately $26,725,000. 16.08% of the stock is currently owned by hedge funds and other institutional investors.

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.