Bilibili (NASDAQ:BILI) Upgraded to “Overweight” at JPMorgan Chase & Co.

JPMorgan Chase & Co. upgraded shares of Bilibili (NASDAQ:BILI) from a neutral rating to an overweight rating in a report published on Tuesday morning, Marketbeat.com reports. The brokerage currently has $35.00 price objective on the stock, up from their prior price objective of $27.00.

Other research analysts have also issued reports about the stock. Weiss Ratings restated a “hold (c-)” rating on shares of Bilibili in a report on Wednesday, January 21st. Bank of America lowered their price target on shares of Bilibili from $32.00 to $31.00 and set a “buy” rating for the company in a report on Friday, November 28th. Finally, Wall Street Zen lowered shares of Bilibili from a “buy” rating to a “hold” rating in a research report on Monday, March 9th. Seven investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Bilibili currently has an average rating of “Moderate Buy” and a consensus target price of $30.50.

Bilibili Stock Up 4.4%

BILI stock opened at $26.76 on Tuesday. 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 50-day moving average price is $30.09 and its 200 day moving average price is $27.76. Bilibili has a 52 week low of $14.47 and a 52 week high of $36.40. The company has a market cap of $11.19 billion, a P/E ratio of 70.42 and a beta of 0.75.

Hedge Funds Weigh In On Bilibili

Institutional investors have recently modified their holdings of the company. Morgan Stanley lifted its position in shares of Bilibili by 187.2% during the 4th quarter. Morgan Stanley now owns 3,846,849 shares of the company’s stock worth $94,594,000 after purchasing an additional 2,507,321 shares during the last quarter. Step Capital Management Pte. Ltd. bought a new position in Bilibili in the 4th quarter worth approximately $24,590,000. SIH Partners LLLP lifted its holdings in shares of Bilibili by 327.1% during the fourth quarter. SIH Partners LLLP now owns 1,021,800 shares of the company’s stock worth $25,126,000 after buying an additional 782,540 shares during the last quarter. MY.Alpha Management HK Advisors Ltd acquired a new position in shares of Bilibili during the fourth quarter worth approximately $16,620,000. Finally, Panagora Asset Management Inc. boosted its position in shares of Bilibili by 138.0% in the fourth quarter. Panagora Asset Management Inc. now owns 869,388 shares of the company’s stock valued at $21,378,000 after acquiring an additional 504,070 shares during the period. Institutional investors 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.