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

Bilibili Inc. Sponsored ADR (NASDAQ:BILI - Get Free Report) saw unusually large options trading activity on Wednesday. Stock traders purchased 36,178 call options on the company. This is an increase of 67% compared to the average daily volume of 21,604 call options.

Hedge Funds Weigh In On Bilibili

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. SBI Securities Co. Ltd. purchased a new position in shares of Bilibili during the fourth quarter valued at approximately $354,000. Prescott Group Capital Management L.L.C. bought a new stake in Bilibili in the 4th quarter worth approximately $2,716,000. Rakuten Securities Inc. grew its position in Bilibili by 145.8% in the 4th quarter. Rakuten Securities Inc. now owns 9,124 shares of the company's stock worth $165,000 after purchasing an additional 5,412 shares during the period. Connor Clark & Lunn Investment Management Ltd. raised its stake in Bilibili by 16.2% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,504,143 shares of the company's stock valued at $27,240,000 after buying an additional 209,963 shares during the last quarter. Finally, Natixis Advisors LLC lifted its holdings in shares of Bilibili by 206.8% during the 4th quarter. Natixis Advisors LLC now owns 35,721 shares of the company's stock valued at $647,000 after buying an additional 24,079 shares during the period. Institutional investors own 16.08% of the company's stock.

Bilibili Stock Up 2.9%

Shares of BILI traded up $0.60 on Friday, hitting $21.42. 2,413,857 shares of the stock traded hands, compared to its average volume of 6,082,278. Bilibili has a one year low of $12.72 and a one year high of $31.77. The company has a market capitalization of $8.95 billion, a PE ratio of -107.09 and a beta of 0.89. The business has a 50 day simple moving average of $18.79 and a 200 day simple moving average of $18.77. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.36 and a current ratio of 1.36.

Wall Street Analyst Weigh In

BILI has been the subject of a number of research analyst reports. Hsbc Global Res upgraded Bilibili to a "strong-buy" rating in a research note on Wednesday, May 21st. HSBC upgraded Bilibili from a "hold" rating to a "buy" rating and increased their price objective for the stock from $21.50 to $22.50 in a report on Wednesday, May 21st. Finally, Wall Street Zen upgraded shares of Bilibili from a "hold" rating to a "buy" rating in a report on Saturday, May 24th. Three analysts have rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price 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.