Bilibili Sees Unusually Large Options Volume (NASDAQ:BILI)

Bilibili Inc. (NASDAQ:BILI) was the recipient of some unusual options trading activity on Thursday. Stock investors purchased 41,303 call options on the stock. This represents an increase of 84% compared to the average volume of 22,417 call options.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. JPMorgan Chase & Co. upgraded shares of Bilibili from a “neutral” rating to an “overweight” rating and set a $21.00 price objective for the company in a research note on Tuesday. UBS Group raised Bilibili from a “neutral” rating to a “buy” rating and increased their price target for the company from $11.90 to $18.00 in a research report on Friday, May 31st. Mizuho boosted their price target on Bilibili from $15.00 to $17.00 and gave the stock a “buy” rating in a research report on Friday, May 10th. Benchmark increased their price objective on Bilibili from $15.00 to $16.00 and gave the company a “buy” rating in a report on Friday, May 24th. Finally, Citigroup cut shares of Bilibili from a “buy” rating to a “neutral” rating and decreased their target price for the company from $18.00 to $12.50 in a research note on Monday, March 11th. Six investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, Bilibili currently has a consensus rating of “Hold” and an average price target of $16.90.

Bilibili Price Performance

BILI stock opened at $17.05 on Friday. Bilibili has a one year low of $8.80 and a one year high of $19.15. The stock has a market cap of $7.03 billion, a price-to-earnings ratio of -10.21 and a beta of 0.89. The company has a fifty day moving average price of $14.09 and a two-hundred day moving average price of $11.97.

Bilibili (NASDAQ:BILI) last announced its earnings results on Thursday, May 23rd. The company reported ($0.24) EPS for the quarter, topping the consensus estimate of ($0.26) by $0.02. Bilibili had a negative net margin of 21.41% and a negative return on equity of 26.46%. The business had revenue of $791.16 million during the quarter, compared to the consensus estimate of $775.06 million. Research analysts anticipate that Bilibili will post -0.5 EPS for the current fiscal year.

Institutional Investors Weigh In On Bilibili

A number of institutional investors have recently made changes to their positions in BILI. Vontobel Holding Ltd. lifted its holdings in Bilibili by 4.1% during the 4th quarter. Vontobel Holding Ltd. now owns 36,439 shares of the company’s stock worth $443,000 after purchasing an additional 1,424 shares during the last quarter. Daiwa Securities Group Inc. boosted its position in shares of Bilibili by 29.1% in the fourth quarter. Daiwa Securities Group Inc. now owns 6,970 shares of the company’s stock valued at $85,000 after acquiring an additional 1,569 shares during the period. Quadrant Capital Group LLC boosted its position in shares of Bilibili by 19.3% in the fourth quarter. Quadrant Capital Group LLC now owns 10,283 shares of the company’s stock valued at $125,000 after acquiring an additional 1,667 shares during the period. Parallel Advisors LLC grew its stake in shares of Bilibili by 62.6% in the fourth quarter. Parallel Advisors LLC now owns 4,503 shares of the company’s stock valued at $55,000 after acquiring an additional 1,734 shares in the last quarter. Finally, Mizuho Securities Co. Ltd. bought a new position in Bilibili during the fourth quarter worth about $55,000. Institutional investors own 16.08% of the company’s stock.

About Bilibili

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.