Lazard Asset Management LLC Boosts Stake in Bilibili Inc. Sponsored ADR $BILI

Lazard Asset Management LLC increased its stake in Bilibili Inc. Sponsored ADR (NASDAQ:BILI) by 120.9% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 49,758 shares of the company’s stock after purchasing an additional 27,231 shares during the quarter. Lazard Asset Management LLC’s holdings in Bilibili were worth $1,123,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Pictet Asset Management Holding SA grew its holdings in Bilibili by 3.2% during the fourth quarter. Pictet Asset Management Holding SA now owns 13,000 shares of the company’s stock valued at $320,000 after purchasing an additional 400 shares during the period. Geode Capital Management LLC raised its stake in shares of Bilibili by 0.4% in the fourth quarter. Geode Capital Management LLC now owns 104,063 shares of the company’s stock worth $2,559,000 after buying an additional 410 shares during the period. AdvisorShares Investments LLC raised its stake in shares of Bilibili by 3.3% in the fourth quarter. AdvisorShares Investments LLC now owns 14,018 shares of the company’s stock worth $345,000 after buying an additional 442 shares during the period. Russell Investments Group Ltd. lifted its position in shares of Bilibili by 0.3% during the 3rd quarter. Russell Investments Group Ltd. now owns 173,458 shares of the company’s stock valued at $4,872,000 after buying an additional 489 shares in the last quarter. Finally, Ieq Capital LLC lifted its position in shares of Bilibili by 4.1% during the 4th quarter. Ieq Capital LLC now owns 13,829 shares of the company’s stock valued at $340,000 after buying an additional 544 shares in the last quarter. 16.08% of the stock is currently owned by hedge funds and other institutional investors.

Bilibili Price Performance

Shares of Bilibili stock opened at $18.99 on Wednesday. The stock’s 50-day simple moving average is $17.71 and its 200-day simple moving average is $23.09. Bilibili Inc. Sponsored ADR has a 52 week low of $15.79 and a 52 week high of $36.40. The company has a market capitalization of $7.88 billion, a price-to-earnings ratio of 42.20 and a beta of 0.72. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 0.30.

Analysts Set New Price Targets

BILI has been the subject of several analyst reports. Benchmark reissued a “buy” rating on shares of Bilibili in a report on Wednesday, May 20th. Morgan Stanley raised shares of Bilibili from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $25.00 to $31.00 in a report on Monday, April 13th. Macquarie Infrastructure reiterated an “outperform” rating and issued a $30.00 price target on shares of Bilibili in a research report on Tuesday, May 19th. Wall Street Zen cut shares of Bilibili from a “buy” rating to a “hold” rating in a research note on Sunday, April 26th. Finally, Weiss Ratings cut shares of Bilibili from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, June 8th. Eight investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $30.78.

Bilibili Profile

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.