Bilibili (NASDAQ:BILI) Upgraded by Morgan Stanley to “Overweight” Rating

Morgan Stanley upgraded shares of Bilibili (NASDAQ:BILI) from an equal weight rating to an overweight rating in a research report sent to investors on Monday, Marketbeat reports. Morgan Stanley currently has $31.00 price target on the stock, up from their prior price target of $25.00.

Several other equities analysts have also recently issued reports on BILI. Weiss Ratings reiterated a “hold (c-)” rating on shares of Bilibili in a research note on Wednesday, January 21st. Wall Street Zen cut Bilibili from a “buy” rating to a “hold” rating in a research note on Monday, March 9th. JPMorgan Chase & Co. upgraded Bilibili from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $27.00 to $35.00 in a research note on Tuesday, March 17th. Finally, Citigroup upgraded Bilibili from a “neutral” rating to a “buy” rating and set a $27.00 price objective for the company in a research note on Friday, March 27th. Nine equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $30.55.

Bilibili Stock Performance

Shares of Bilibili stock opened at $24.47 on Monday. The business has a 50-day moving average of $26.72 and a 200 day moving average of $27.55. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.36 and a quick ratio of 1.64. The stock has a market capitalization of $10.15 billion, a price-to-earnings ratio of 64.40 and a beta of 0.87. Bilibili has a 12 month low of $15.84 and a 12 month high of $36.40.

Institutional Investors Weigh In On Bilibili

Hedge funds and other institutional investors have recently made changes to their positions in the business. Kestra Advisory Services LLC acquired a new stake in shares of Bilibili during the 4th quarter worth about $43,000. Farther Finance Advisors LLC raised its position in shares of Bilibili by 226.9% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,187 shares of the company’s stock worth $61,000 after acquiring an additional 1,518 shares in the last quarter. Hantz Financial Services Inc. raised its position in shares of Bilibili by 253.0% during the 3rd quarter. Hantz Financial Services Inc. now owns 3,639 shares of the company’s stock worth $102,000 after acquiring an additional 2,608 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of Bilibili by 25.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 5,295 shares of the company’s stock worth $114,000 after acquiring an additional 1,081 shares in the last quarter. Finally, Bridgewater Advisors Inc. acquired a new stake in shares of Bilibili during the 4th quarter worth about $175,000. Institutional investors and hedge funds own 16.08% of the company’s stock.

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.