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

Bilibili Inc. (NASDAQ:BILI) saw some unusual options trading on Thursday. Stock traders acquired 54,863 put options on the stock. This is an increase of 74% compared to the typical volume of 31,472 put options.

Hedge Funds Weigh In On Bilibili

Large investors have recently bought and sold shares of the stock. Blue Trust Inc. increased its position in shares of Bilibili by 227.3% during the third quarter. Blue Trust Inc. now owns 1,283 shares of the company’s stock worth $30,000 after purchasing an additional 891 shares in the last quarter. TD Private Client Wealth LLC purchased a new stake in Bilibili in the third quarter valued at approximately $53,000. Venturi Wealth Management LLC purchased a new stake in Bilibili in the third quarter valued at approximately $63,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Bilibili by 26.3% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,528 shares of the company’s stock valued at $82,000 after acquiring an additional 735 shares during the period. Finally, Assetmark Inc. purchased a new position in shares of Bilibili during the third quarter worth approximately $159,000. Institutional investors and hedge funds own 16.08% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Benchmark increased their price target on shares of Bilibili from $16.00 to $24.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Bank of America raised their price target on shares of Bilibili from $19.00 to $22.50 and gave the company a “buy” rating in a research report on Friday, October 25th. Mizuho upped their price objective on Bilibili from $17.00 to $21.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 12th. Morgan Stanley initiated coverage on Bilibili in a report on Wednesday, September 25th. They issued an “equal weight” rating and a $20.00 target price for the company. Finally, Daiwa America upgraded Bilibili from a “hold” rating to a “strong-buy” rating in a report on Friday, November 8th. Three research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $19.69.

Bilibili Stock Performance

NASDAQ:BILI opened at $16.98 on Friday. Bilibili has a 1 year low of $8.80 and a 1 year high of $31.77. The stock has a market cap of $7.04 billion, a P/E ratio of -18.46 and a beta of 0.81. The stock has a 50-day simple moving average of $18.92 and a 200-day simple moving average of $18.08.

Bilibili (NASDAQ:BILI) last announced its quarterly earnings results on Thursday, November 14th. The company reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.47. Bilibili had a negative return on equity of 15.17% and a negative net margin of 10.73%. The firm had revenue of $7.31 billion during the quarter, compared to the consensus estimate of $7.14 billion. During the same period in the prior year, the company posted ($0.39) earnings per share. The firm’s quarterly revenue was up 25.8% compared to the same quarter last year. On average, equities research analysts predict that Bilibili will post -0.27 EPS for the current year.

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.