Bilibili Inc. (NASDAQ:BILI) Shares Bought by Lazard Asset Management LLC

Lazard Asset Management LLC increased its holdings in Bilibili Inc. (NASDAQ:BILI - Free Report) by 3,609.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 88,470 shares of the company's stock after buying an additional 86,085 shares during the quarter. Lazard Asset Management LLC's holdings in Bilibili were worth $1,602,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Matthews International Capital Management LLC increased its holdings in Bilibili by 11.3% in the 4th quarter. Matthews International Capital Management LLC now owns 351,423 shares of the company's stock worth $6,364,000 after buying an additional 35,692 shares during the period. Barclays PLC boosted its position in Bilibili by 13.5% in the 3rd quarter. Barclays PLC now owns 127,563 shares of the company's stock worth $2,982,000 after purchasing an additional 15,136 shares in the last quarter. Federated Hermes Inc. purchased a new stake in Bilibili in the 4th quarter worth approximately $55,000. Vontobel Holding Ltd. purchased a new stake in Bilibili in the 4th quarter worth approximately $340,000. Finally, LPL Financial LLC boosted its position in Bilibili by 40.6% in the 4th quarter. LPL Financial LLC now owns 18,638 shares of the company's stock worth $338,000 after purchasing an additional 5,386 shares in the last quarter. Institutional investors and hedge funds own 16.08% of the company's stock.

Bilibili Trading Up 6.7%

Shares of NASDAQ:BILI opened at $18.93 on Monday. Bilibili Inc. has a 1 year low of $12.72 and a 1 year high of $31.77. The firm has a market capitalization of $7.89 billion, a price-to-earnings ratio of -42.07 and a beta of 0.93. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.34 and a quick ratio of 1.05. The business's 50 day moving average price is $18.14 and its 200-day moving average price is $18.91.

Bilibili (NASDAQ:BILI - Get Free Report) last announced its earnings results on Thursday, February 20th. The company reported $0.05 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.03 by $0.02. Bilibili had a negative return on equity of 8.23% and a negative net margin of 5.01%. The firm had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.05 billion. On average, equities research analysts forecast that Bilibili Inc. will post 0.16 earnings per share for the current fiscal year.

Analyst Ratings Changes

BILI has been the topic of several recent research reports. Barclays upped their price objective on Bilibili from $24.00 to $25.00 and gave the stock an "overweight" rating in a research report on Friday, February 21st. Benchmark upped their price objective on Bilibili from $24.00 to $30.00 and gave the stock a "buy" rating in a research report on Friday, February 21st. Finally, Nomura Securities lowered Bilibili from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, February 25th. Three analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Bilibili currently has an average rating of "Moderate Buy" and an average target price of $21.11.

Bilibili 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.

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