Investors Purchase Large Volume of Bilibili Call Options (NASDAQ:BILI)

Bilibili Inc. (NASDAQ:BILI) was the target of some unusual options trading activity on Wednesday. Traders bought 24,140 call options on the stock. This is an increase of 31% compared to the average volume of 18,455 call options.

Bilibili Price Performance

NASDAQ BILI opened at $12.50 on Friday. The stock has a market capitalization of $5.15 billion, a PE ratio of -7.62 and a beta of 0.99. Bilibili has a 1 year low of $8.80 and a 1 year high of $20.60. The business’s 50-day moving average is $11.13 and its 200 day moving average is $11.68.

Bilibili (NASDAQ:BILI) last posted its quarterly earnings data on Thursday, March 7th. The company reported ($0.28) earnings per share for the quarter, missing the consensus estimate of ($0.25) by ($0.03). The firm had revenue of $881.13 million for the quarter, compared to the consensus estimate of $891.61 million. Bilibili had a negative net margin of 21.34% and a negative return on equity of 28.12%. As a group, equities research analysts anticipate that Bilibili will post -0.55 earnings per share for the current year.

Hedge Funds Weigh In On Bilibili

Several large investors have recently made changes to their positions in BILI. Ronald Blue Trust Inc. raised its stake in Bilibili by 79.1% during the 3rd quarter. Ronald Blue Trust Inc. now owns 3,347 shares of the company’s stock valued at $51,000 after buying an additional 1,478 shares during the last quarter. Mizuho Securities Co. Ltd. purchased a new stake in Bilibili in the 4th quarter worth $55,000. Parallel Advisors LLC lifted its stake in Bilibili by 62.6% in the 4th quarter. Parallel Advisors LLC now owns 4,503 shares of the company’s stock worth $55,000 after purchasing an additional 1,734 shares in the last quarter. Tower Research Capital LLC TRC lifted its stake in Bilibili by 349.0% in the 4th quarter. Tower Research Capital LLC TRC now owns 6,703 shares of the company’s stock worth $82,000 after purchasing an additional 5,210 shares in the last quarter. Finally, Daiwa Securities Group Inc. raised its position in shares of Bilibili by 29.1% during the 4th quarter. Daiwa Securities Group Inc. now owns 6,970 shares of the company’s stock valued at $85,000 after buying an additional 1,569 shares in the last quarter. 16.08% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on BILI. Citigroup cut shares of Bilibili from a “buy” rating to a “neutral” rating and dropped their target price for the company from $18.00 to $12.50 in a report on Monday, March 11th. JPMorgan Chase & Co. raised shares of Bilibili from an “underweight” rating to a “neutral” rating and increased their price objective for the company from $10.00 to $11.00 in a research note on Monday, March 11th. Mizuho lowered their target price on Bilibili from $18.00 to $16.00 and set a “buy” rating for the company in a research report on Wednesday, January 17th. Finally, Daiwa Capital Markets downgraded Bilibili from a “buy” rating to a “neutral” rating in a research note on Friday, January 19th. One analyst has rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $15.26.

Bilibili Company 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.