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

Bilibili (NASDAQ:BILI) had its target price lifted by analysts at JPMorgan Chase & Co. from $24.00 to $27.00 in a report released on Tuesday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price target points to a potential upside of 4.50% from the company’s previous close.

Other equities analysts have also recently issued reports about the stock. Barclays lifted their target price on shares of Bilibili from $28.00 to $34.00 and gave the company an “overweight” rating in a report on Friday. Jefferies Financial Group set a $28.00 target price on shares of Bilibili in a research note on Thursday, August 21st. Benchmark upped their price objective on Bilibili from $28.00 to $29.00 and gave the company a “buy” rating in a research note on Friday. Macquarie began coverage on Bilibili in a report on Tuesday, October 14th. They issued an “outperform” rating and a $36.03 target price on the stock. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Bilibili in a report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $29.17.

Bilibili Stock Performance

BILI traded down $0.28 during trading on Tuesday, hitting $25.84. 686,675 shares of the stock were exchanged, compared to its average volume of 4,419,467. The firm has a market capitalization of $10.80 billion, a P/E ratio of 103.52 and a beta of 0.97. Bilibili has a 1-year low of $14.47 and a 1-year high of $32.50. The stock has a fifty day moving average price of $27.73 and a two-hundred day moving average price of $23.57. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 0.54.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. SVB Wealth LLC acquired a new stake in Bilibili during the 1st quarter valued at $31,000. Brooklyn Investment Group raised its stake in Bilibili by 10,989.7% in the 1st quarter. Brooklyn Investment Group now owns 3,216 shares of the company’s stock valued at $61,000 after purchasing an additional 3,187 shares during the last quarter. Farther Finance Advisors LLC lifted its holdings in Bilibili by 226.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,187 shares of the company’s stock valued at $61,000 after purchasing an additional 1,518 shares in the last quarter. Banque Transatlantique SA acquired a new stake in shares of Bilibili during the 1st quarter worth about $80,000. Finally, Advisors Asset Management Inc. grew its holdings in shares of Bilibili by 16.6% during the first quarter. Advisors Asset Management Inc. now owns 5,280 shares of the company’s stock worth $101,000 after buying an additional 751 shares in the last quarter. 16.08% of the stock is currently owned by institutional investors and hedge funds.

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.