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

Key Points

• Bilibili Inc. saw a significant increase in options trading, with 20,870 call options purchased, marking a 42% rise from its average volume.
• The company's stock price increased by 1.5% during trading, closing at $27.81 with a market capitalization of $11.63 billion.
• Several institutional investors increased their holdings in Bilibili, with notable increases of 87.9% by Vontobel Holding Ltd. and 164.2% by Northern Trust Corp.

Bilibili Inc. Sponsored ADR (NASDAQ:BILI - Get Free Report) saw unusually large options trading activity on Wednesday. Stock investors purchased 20,870 call options on the company. This represents an increase of approximately 42% compared to the average daily volume of 14,693 call options.

Institutional Trading of Bilibili

A number of hedge funds have recently made changes to their positions in the stock. Russell Investments Group Ltd. bought a new stake in shares of Bilibili during the first quarter valued at about $26,725,000. Federated Hermes Inc. grew its holdings in Bilibili by 44,249.8% during the first quarter. Federated Hermes Inc. now owns 1,346,459 shares of the company's stock worth $25,731,000 after acquiring an additional 1,343,423 shares during the period. XY Capital Ltd acquired a new position in Bilibili during the first quarter worth about $11,409,000. Pinpoint Asset Management Singapore Pte. Ltd. acquired a new position in Bilibili during the second quarter worth about $6,819,000. Finally, Man Group plc grew its holdings in Bilibili by 21.9% during the second quarter. Man Group plc now owns 1,460,147 shares of the company's stock worth $31,320,000 after acquiring an additional 262,554 shares during the period. Institutional investors and hedge funds own 16.08% of the company's stock.

Analyst Upgrades and Downgrades

BILI has been the topic of several recent research reports. Bank of America boosted their price objective on shares of Bilibili from $25.00 to $27.00 and gave the company a "buy" rating in a research note on Thursday, July 17th. Jefferies Financial Group set a $28.00 price target on shares of Bilibili in a research note on Thursday, August 21st. Barclays increased their price objective on shares of Bilibili from $25.00 to $28.00 and gave the company an "overweight" rating in a research note on Friday, August 22nd. Benchmark lowered their price objective on shares of Bilibili from $30.00 to $28.00 and set a "buy" rating on the stock in a research note on Friday, August 22nd. Finally, Wall Street Zen raised shares of Bilibili from a "hold" rating to a "buy" rating in a research note on Saturday, August 23rd. Two investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, Bilibili currently has an average rating of "Moderate Buy" and a consensus target price of $24.91.

Bilibili Trading Up 0.3%

NASDAQ BILI traded up $0.07 during mid-day trading on Friday, hitting $27.15. The company's stock had a trading volume of 2,495,740 shares, compared to its average volume of 3,712,775. Bilibili has a 52-week low of $14.47 and a 52-week high of $31.77. The stock's fifty day simple moving average is $23.93 and its two-hundred day simple moving average is $20.80. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.60 and a quick ratio of 1.60. The firm has a market capitalization of $11.35 billion, a P/E ratio of 387.86 and a beta of 0.94.

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.