Stock Traders Purchase Large Volume of Call Options on Bilibili (NASDAQ:BILI)

Bilibili Inc. (NASDAQ:BILIGet Rating) was the recipient of unusually large options trading activity on Friday. Stock traders bought 26,518 call options on the company. This is an increase of approximately 40% compared to the typical volume of 18,896 call options.

Bilibili Trading Down 3.7 %

Shares of NASDAQ:BILI opened at $19.32 on Friday. The company’s 50-day moving average price is $24.54 and its two-hundred day moving average price is $24.78. The company has a debt-to-equity ratio of 0.84, a current ratio of 2.71 and a quick ratio of 2.71. Bilibili has a one year low of $14.93 and a one year high of $89.80. The stock has a market capitalization of $7.55 billion, a PE ratio of -5.93 and a beta of 1.00.

Bilibili (NASDAQ:BILIGet Rating) last announced its quarterly earnings results on Thursday, September 8th. The company reported ($4.98) EPS for the quarter, missing analysts’ consensus estimates of ($0.77) by ($4.21). Bilibili had a negative net margin of 39.78% and a negative return on equity of 34.71%. The company had revenue of $4.91 billion during the quarter, compared to analyst estimates of $4.90 billion. During the same quarter last year, the company posted ($0.45) EPS. The firm’s quarterly revenue was up 9.2% on a year-over-year basis. On average, equities analysts forecast that Bilibili will post -2.91 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have commented on BILI. CLSA lowered their target price on shares of Bilibili from $33.40 to $25.30 and set an “outperform” rating for the company in a report on Wednesday, May 25th. Barclays decreased their price target on shares of Bilibili from $26.00 to $21.00 and set an “equal weight” rating for the company in a report on Friday. Benchmark decreased their price target on shares of Bilibili from $56.00 to $30.00 and set a “buy” rating for the company in a report on Friday. UBS Group decreased their price target on shares of Bilibili from $40.00 to $30.00 and set a “buy” rating for the company in a report on Friday. Finally, Citigroup decreased their price target on shares of Bilibili from $45.00 to $38.00 in a report on Thursday. Six investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $38.03.

Institutional Trading of Bilibili

Institutional investors and hedge funds have recently made changes to their positions in the company. FMR LLC increased its position in shares of Bilibili by 2.1% during the second quarter. FMR LLC now owns 19,888,043 shares of the company’s stock worth $509,134,000 after buying an additional 405,620 shares during the period. Allspring Global Investments Holdings LLC raised its position in Bilibili by 0.8% in the second quarter. Allspring Global Investments Holdings LLC now owns 6,338,703 shares of the company’s stock worth $162,270,000 after acquiring an additional 48,700 shares during the period. WT Asset Management Ltd bought a new stake in Bilibili in the second quarter worth about $5,670,000. Marshall Wace LLP increased its stake in shares of Bilibili by 759.3% in the fourth quarter. Marshall Wace LLP now owns 1,970,630 shares of the company’s stock worth $91,440,000 after purchasing an additional 1,741,292 shares in the last quarter. Finally, Legal & General Group Plc grew its stake in Bilibili by 41.6% during the fourth quarter. Legal & General Group Plc now owns 1,637,484 shares of the company’s stock valued at $75,979,000 after acquiring an additional 481,432 shares in the last quarter. Institutional investors own 23.43% of the company’s stock.

About Bilibili

(Get Rating)

Bilibili Inc provides online entertainment services for the young generations in the People's Republic of China. Its platform offers a range of content, including video services, mobile games, and value-added service, as well as ACG-related comic and audio content. The company's video services include professional user generated videos, occupationally generated videos, and live broadcasting.

Further Reading

Receive News & Ratings for Bilibili Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bilibili and related companies with MarketBeat.com's FREE daily email newsletter.