Lazard Asset Management LLC Acquires 27,231 Shares of Bilibili Inc. Sponsored ADR $BILI

Lazard Asset Management LLC lifted its holdings in Bilibili Inc. Sponsored ADR (NASDAQ:BILI) by 120.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of BILI. Kestra Advisory Services LLC bought a new stake in Bilibili in the 4th quarter worth about $43,000. JPMorgan Chase & Co. lifted its stake in Bilibili by 25.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 5,295 shares of the company’s stock valued at $114,000 after acquiring an additional 1,081 shares during the period. Parallel Advisors LLC lifted its stake in Bilibili by 24.0% during the 1st quarter. Parallel Advisors LLC now owns 6,257 shares of the company’s stock valued at $141,000 after acquiring an additional 1,211 shares during the period. Hantz Financial Services Inc. boosted its holdings in shares of Bilibili by 61.7% during the 4th quarter. Hantz Financial Services Inc. now owns 5,886 shares of the company’s stock valued at $145,000 after acquiring an additional 2,247 shares during the last quarter. Finally, Bridgewater Advisors Inc. purchased a new stake in shares of Bilibili during the 4th quarter valued at about $175,000. 16.08% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on BILI. Macquarie Infrastructure reissued an “outperform” rating and set a $30.00 price objective on shares of Bilibili in a report on Tuesday, May 19th. Benchmark restated a “buy” rating on shares of Bilibili in a report on Wednesday, May 20th. Weiss Ratings downgraded shares of Bilibili from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, June 8th. Wall Street Zen lowered shares of Bilibili from a “buy” rating to a “hold” rating in a research note on Sunday, April 26th. Finally, Morgan Stanley raised Bilibili from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $25.00 to $31.00 in a report on Monday, April 13th. Eight equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $30.78.

Bilibili Trading Down 1.3%

Bilibili stock opened at $18.99 on Wednesday. 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 cap of $7.88 billion, a P/E 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. The business has a 50-day simple moving average of $17.71 and a two-hundred day simple moving average of $23.09.

Bilibili Company 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.