Lazard Asset Management LLC Increases Stock Position in Bilibili Inc. (NASDAQ:BILI)

Lazard Asset Management LLC lifted its position in Bilibili Inc. (NASDAQ:BILI - Free Report) by 3,609.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 88,470 shares of the company's stock after acquiring 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.

Several other institutional investors have also recently made changes to their positions in BILI. Matthews International Capital Management LLC grew its position in Bilibili by 11.3% during the fourth quarter. Matthews International Capital Management LLC now owns 351,423 shares of the company's stock valued at $6,364,000 after buying an additional 35,692 shares during the period. Barclays PLC grew its position in Bilibili by 13.5% during the third quarter. Barclays PLC now owns 127,563 shares of the company's stock valued at $2,982,000 after buying an additional 15,136 shares during the period. Federated Hermes Inc. bought a new position in Bilibili during the fourth quarter valued at about $55,000. Vontobel Holding Ltd. bought a new position in Bilibili during the fourth quarter valued at about $340,000. Finally, Dimensional Fund Advisors LP bought a new position in Bilibili during the fourth quarter valued at about $200,000. Institutional investors own 16.08% of the company's stock.

Wall Street Analyst Weigh In

BILI has been the subject of several research reports. HSBC upgraded shares of Bilibili from a "hold" rating to a "buy" rating and increased their price target for the company from $21.50 to $22.50 in a research report on Wednesday. Benchmark upped their price objective on shares of Bilibili from $24.00 to $30.00 and gave the company a "buy" rating in a report on Friday, February 21st. Hsbc Global Res raised shares of Bilibili to a "strong-buy" rating in a report on Wednesday. Nomura Securities downgraded shares of Bilibili from a "strong-buy" rating to a "hold" rating in a report on Tuesday, February 25th. Finally, Wall Street Zen raised shares of Bilibili from a "hold" rating to a "buy" rating in a report on Saturday. Three research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $21.24.

Bilibili Price Performance

Shares of Bilibili stock traded up $0.58 on Friday, reaching $18.93. The stock had a trading volume of 5,177,248 shares, compared to its average volume of 6,381,027. Bilibili Inc. has a 1 year low of $12.72 and a 1 year high of $31.77. The company has a market cap of $7.89 billion, a P/E ratio of -42.07 and a beta of 0.93. The company has a current ratio of 1.34, a quick ratio of 1.05 and a debt-to-equity ratio of 0.23. The business's 50 day moving average is $17.82 and its two-hundred day moving average is $18.80.

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

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.