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

Bilibili Inc. Sponsored ADR (NASDAQ:BILI) saw some unusual options trading activity on Wednesday. Traders bought 36,178 call options on the company. This represents an increase of 67% compared to the average volume of 21,604 call options.

Institutional Investors Weigh In On Bilibili

Several hedge funds have recently bought and sold shares of the company. Russell Investments Group Ltd. bought a new position in Bilibili during the 1st quarter worth $26,725,000. Federated Hermes Inc. grew its stake in shares of Bilibili by 44,249.8% during the 1st quarter. Federated Hermes Inc. now owns 1,346,459 shares of the company’s stock worth $25,731,000 after acquiring an additional 1,343,423 shares during the period. Jump Financial LLC purchased a new position in shares of Bilibili in the fourth quarter valued at $11,584,000. XY Capital Ltd bought a new stake in Bilibili during the first quarter valued at approximately $11,409,000. Finally, Arrowstreet Capital Limited Partnership increased its holdings in shares of Bilibili by 3,328.1% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 608,514 shares of the company’s stock worth $11,020,000 after buying an additional 590,763 shares during the period. 16.08% of the stock is currently owned by institutional investors and hedge funds.

Bilibili Price Performance

Shares of BILI opened at $20.82 on Friday. The firm has a market capitalization of $8.70 billion, a PE ratio of -104.09 and a beta of 0.89. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.36 and a current ratio of 1.36. The stock has a 50 day simple moving average of $18.69 and a 200 day simple moving average of $18.77. Bilibili has a 52-week low of $12.72 and a 52-week high of $31.77.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on BILI. HSBC raised shares of Bilibili from a “hold” rating to a “buy” rating and increased their price objective for the company from $21.50 to $22.50 in a research note on Wednesday, May 21st. Hsbc Global Res upgraded Bilibili to a “strong-buy” rating in a research report on Wednesday, May 21st. Finally, Wall Street Zen upgraded shares of Bilibili from a “hold” rating to a “buy” rating in a research note on Saturday, May 24th. Three analysts have rated the stock with a hold rating, nine have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $21.62.

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.