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

Bilibili Inc. (NASDAQ:BILI) was the recipient of unusually large options trading activity on Tuesday. Investors bought 45,962 call options on the stock. This represents an increase of 67% compared to the typical daily volume of 27,485 call options.

Bilibili Trading Down 5.4 %

NASDAQ:BILI opened at $20.81 on Wednesday. Bilibili has a 1-year low of $9.63 and a 1-year high of $31.77. The firm has a fifty day simple moving average of $18.16 and a 200 day simple moving average of $18.46. The stock has a market capitalization of $8.62 billion, a PE ratio of -22.62 and a beta of 0.81.

Wall Street Analyst Weigh In

BILI has been the topic of several research analyst reports. Mizuho raised their target price on shares of Bilibili from $17.00 to $21.00 and gave the stock an “outperform” rating in a report on Tuesday, November 12th. Benchmark raised their target price on shares of Bilibili from $16.00 to $24.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Daiwa America upgraded shares of Bilibili from a “hold” rating to a “strong-buy” rating in a report on Friday, November 8th. Bank of America lifted their price objective on shares of Bilibili from $19.00 to $22.50 and gave the company a “buy” rating in a report on Friday, October 25th. Finally, Daiwa Capital Markets upgraded shares of Bilibili from a “neutral” rating to a “buy” rating in a report on Friday, November 8th. Three investment 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. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $19.69.

Hedge Funds Weigh In On Bilibili

Hedge funds and other institutional investors have recently made changes to their positions in the company. Y Intercept Hong Kong Ltd boosted its position in Bilibili by 1,064.9% during the third quarter. Y Intercept Hong Kong Ltd now owns 190,275 shares of the company’s stock worth $4,449,000 after purchasing an additional 173,941 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its position in Bilibili by 31.6% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,294,180 shares of the company’s stock worth $30,258,000 after purchasing an additional 311,073 shares during the period. US Bancorp DE boosted its position in Bilibili by 882.4% during the third quarter. US Bancorp DE now owns 70,999 shares of the company’s stock worth $1,660,000 after purchasing an additional 63,772 shares during the period. Jennison Associates LLC boosted its position in Bilibili by 208.4% during the third quarter. Jennison Associates LLC now owns 1,807,524 shares of the company’s stock worth $42,260,000 after purchasing an additional 1,221,433 shares during the period. Finally, Quantbot Technologies LP bought a new position in Bilibili during the third quarter worth $921,000. 16.08% of the stock is owned by institutional investors.

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.