JPMorgan Chase & Co. Forecasts Strong Price Appreciation for Bilibili (NASDAQ:BILI) Stock

Bilibili (NASDAQ:BILI) had its target price raised by stock analysts at JPMorgan Chase & Co. from $24.00 to $27.00 in a note issued to investors on Tuesday,Benzinga reports. The firm presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s target price would indicate a potential upside of 6.68% from the company’s previous close.

Several other equities research analysts have also recently commented on BILI. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Bilibili in a report on Wednesday, October 8th. Barclays upped their target price on Bilibili from $28.00 to $34.00 and gave the company an “overweight” rating in a report on Friday, November 14th. Sanford C. Bernstein lifted their price target on Bilibili from $28.00 to $32.00 and gave the stock an “outperform” rating in a report on Thursday, October 23rd. Jefferies Financial Group set a $28.00 price target on shares of Bilibili in a research report on Thursday, August 21st. Finally, Citigroup upped their price objective on shares of Bilibili from $25.00 to $27.00 and gave the company a “neutral” rating in a report on Friday, November 14th. One investment 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 stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $29.17.

Bilibili Stock Down 3.4%

BILI stock opened at $25.31 on Tuesday. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 0.54. The firm has a 50-day moving average of $27.79 and a two-hundred day moving average of $23.64. Bilibili has a 12 month low of $14.47 and a 12 month high of $32.50. The company has a market cap of $10.58 billion, a price-to-earnings ratio of 101.24 and a beta of 0.97.

Institutional Trading of Bilibili

Hedge funds and other institutional investors have recently modified their holdings of the business. Russell Investments Group Ltd. purchased a new position in Bilibili during the first quarter worth about $26,725,000. Federated Hermes Inc. lifted its holdings in shares of Bilibili by 44,249.8% in the 1st quarter. Federated Hermes Inc. now owns 1,346,459 shares of the company’s stock worth $25,731,000 after acquiring an additional 1,343,423 shares during the last quarter. XY Capital Ltd acquired a new position in shares of Bilibili in the 1st quarter worth approximately $11,409,000. Pinpoint Asset Management Singapore Pte. Ltd. purchased a new position in shares of Bilibili during the 2nd quarter worth approximately $6,819,000. Finally, Arrowstreet Capital Limited Partnership increased its holdings in Bilibili by 16.9% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,929,897 shares of the company’s stock valued at $54,211,000 after purchasing an additional 278,760 shares during the last quarter. 16.08% of the stock is owned by institutional investors and hedge funds.

Bilibili Company Profile

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.