Bilibili Sees Unusually Large Options Volume (NASDAQ:BILI)

Bilibili Inc. Sponsored ADR (NASDAQ:BILI - Get Free Report) was the target of some unusual options trading on Wednesday. Traders acquired 36,178 call options on the company. This represents an increase of approximately 67% compared to the average volume of 21,604 call options.

Bilibili Price Performance

Shares of NASDAQ BILI traded up $0.07 during midday trading on Wednesday, reaching $20.77. 4,410,597 shares of the company were exchanged, compared to its average volume of 6,143,274. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.23. Bilibili has a one year low of $12.72 and a one year high of $31.77. The stock has a market cap of $8.68 billion, a P/E ratio of -103.84 and a beta of 0.89. The stock's 50-day moving average price is $18.50 and its 200-day moving average price is $18.78.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on BILI shares. Wall Street Zen raised shares of Bilibili from a "hold" rating to a "buy" rating in a research report on Saturday, May 24th. HSBC raised shares of Bilibili from a "hold" rating to a "buy" rating and boosted their price objective for the company from $21.50 to $22.50 in a report on Wednesday, May 21st. Nomura Securities cut shares of Bilibili from a "strong-buy" rating to a "hold" rating in a report on Tuesday, February 25th. Finally, Hsbc Global Res upgraded shares of Bilibili to a "strong-buy" rating in a research report on Wednesday, May 21st. Three equities 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 company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $21.62.

Institutional Investors Weigh In On Bilibili

Hedge funds have recently added to or reduced their stakes in the business. Acadian Asset Management LLC grew its position in shares of Bilibili by 43.6% in the 1st quarter. Acadian Asset Management LLC now owns 60,525 shares of the company's stock valued at $1,156,000 after buying an additional 18,368 shares during the last quarter. Bayforest Capital Ltd lifted its stake in shares of Bilibili by 314.2% in the first quarter. Bayforest Capital Ltd now owns 50,610 shares of the company's stock worth $967,000 after acquiring an additional 38,392 shares during the period. Scientech Research LLC bought a new stake in Bilibili in the first quarter valued at approximately $778,000. Edmond DE Rothschild Holding S.A. increased its position in Bilibili by 3.7% during the 1st quarter. Edmond DE Rothschild Holding S.A. now owns 202,464 shares of the company's stock valued at $3,869,000 after purchasing an additional 7,300 shares during the period. Finally, Banque Transatlantique SA bought a new position in Bilibili during the 1st quarter worth approximately $80,000. 16.08% of the stock is currently owned by institutional investors and hedge funds.

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.

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