Bilibili Target of Unusually Large Options Trading (NASDAQ:BILI)

Bilibili Inc. (NASDAQ:BILI) was the recipient of some unusual options trading activity on Tuesday. Investors bought 33,426 call options on the stock. This is an increase of 23% compared to the average daily volume of 27,207 call options.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. BNP Paribas Financial Markets boosted its position in shares of Bilibili by 62.6% in the first quarter. BNP Paribas Financial Markets now owns 310,999 shares of the company’s stock worth $3,483,000 after buying an additional 119,747 shares during the period. Natixis acquired a new stake in shares of Bilibili during the 1st quarter worth approximately $537,000. Janney Montgomery Scott LLC bought a new position in Bilibili during the first quarter worth about $951,000. GSA Capital Partners LLP acquired a new position in Bilibili in the first quarter valued at about $460,000. Finally, Swedbank AB acquired a new stake in Bilibili in the 1st quarter valued at about $645,000. 16.08% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently weighed in on BILI. UBS Group raised Bilibili from a “neutral” rating to a “buy” rating and boosted their target price for the company from $11.90 to $18.00 in a research note on Friday, May 31st. Daiwa America upgraded Bilibili from a “moderate buy” rating to a “strong-buy” rating in a research report on Thursday, August 22nd. Sanford C. Bernstein raised their price target on Bilibili from $12.00 to $13.00 and gave the company a “market perform” rating in a report on Friday, August 23rd. Daiwa Capital Markets upgraded shares of Bilibili from a “neutral” rating to an “outperform” rating in a research report on Thursday, August 22nd. Finally, JPMorgan Chase & Co. upgraded Bilibili from a “neutral” rating to an “overweight” rating and set a $21.00 target price for the company in a report on Tuesday, June 18th. Three investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Bilibili currently has an average rating of “Moderate Buy” and a consensus price target of $16.91.

Bilibili Price Performance

BILI stock traded up $2.15 during midday trading on Tuesday, hitting $18.07. The stock had a trading volume of 8,528,310 shares, compared to its average volume of 6,630,636. The company’s 50-day moving average price is $14.79 and its 200 day moving average price is $14.17. Bilibili has a 12-month low of $8.80 and a 12-month high of $18.19. The firm has a market cap of $7.46 billion, a PE ratio of -10.81 and a beta of 0.83.

Bilibili (NASDAQ:BILI) last posted its earnings results on Thursday, August 22nd. The company reported ($0.65) earnings per share for the quarter, missing the consensus estimate of ($0.10) by ($0.55). The business had revenue of $6.13 billion for the quarter, compared to analyst estimates of $6.10 billion. Bilibili had a negative net margin of 16.71% and a negative return on equity of 22.44%. The business’s revenue was up 15.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.43) EPS. As a group, sell-side analysts anticipate that Bilibili will post -0.4 EPS for the current year.

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.