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

Bilibili Inc. (NASDAQ:BILI - Get Free Report) saw some unusual options trading on Thursday. Stock investors acquired 40,298 call options on the company. This represents an increase of approximately 104% compared to the typical daily volume of 19,767 call options.

Bilibili Stock Performance

Shares of BILI traded up $0.35 during mid-day trading on Thursday, hitting $14.01. The company's stock had a trading volume of 7,633,995 shares, compared to its average volume of 7,329,971. The stock's 50-day moving average is $11.77 and its two-hundred day moving average is $11.68. The firm has a market capitalization of $5.77 billion, a PE ratio of -8.48 and a beta of 0.96. Bilibili has a one year low of $8.80 and a one year high of $19.74.

Bilibili (NASDAQ:BILI - Get Free Report) last announced its quarterly earnings data on Thursday, March 7th. The company reported ($0.28) EPS for the quarter, missing analysts' consensus estimates of ($0.25) by ($0.03). Bilibili had a negative net margin of 21.34% and a negative return on equity of 28.12%. The company had revenue of $881.13 million for the quarter, compared to analyst estimates of $891.61 million. Analysts expect that Bilibili will post -0.55 EPS for the current fiscal year.


Analysts Set New Price Targets

Several analysts have commented on BILI shares. Citigroup downgraded shares of Bilibili from a "buy" rating to a "neutral" rating and decreased their target price for the stock from $18.00 to $12.50 in a research report on Monday, March 11th. Daiwa Capital Markets downgraded Bilibili from a "buy" rating to a "neutral" rating in a research note on Friday, January 19th. JPMorgan Chase & Co. raised Bilibili from an "underweight" rating to a "neutral" rating and upped their target price for the stock from $10.00 to $11.00 in a research report on Monday, March 11th. Finally, Mizuho dropped their price target on shares of Bilibili from $18.00 to $16.00 and set a "buy" rating on the stock in a research report on Wednesday, January 17th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, Bilibili currently has a consensus rating of "Hold" and a consensus target price of $15.26.

View Our Latest Stock Analysis on BILI

Hedge Funds Weigh In On Bilibili

A number of hedge funds have recently modified their holdings of BILI. Greenleaf Trust increased its stake in shares of Bilibili by 5.5% in the third quarter. Greenleaf Trust now owns 21,614 shares of the company's stock valued at $298,000 after buying an additional 1,127 shares in the last quarter. Principal Financial Group Inc. grew its holdings in Bilibili by 7.1% during the 3rd quarter. Principal Financial Group Inc. now owns 18,036 shares of the company's stock worth $248,000 after acquiring an additional 1,202 shares during the last quarter. Vontobel Holding Ltd. raised its stake in shares of Bilibili by 4.1% in the fourth quarter. Vontobel Holding Ltd. now owns 36,439 shares of the company's stock worth $443,000 after acquiring an additional 1,424 shares during the last quarter. Daiwa Securities Group Inc. raised its stake in shares of Bilibili by 29.1% in the fourth quarter. Daiwa Securities Group Inc. now owns 6,970 shares of the company's stock worth $85,000 after acquiring an additional 1,569 shares during the last quarter. Finally, Quadrant Capital Group LLC grew its stake in shares of Bilibili by 19.3% during the fourth quarter. Quadrant Capital Group LLC now owns 10,283 shares of the company's stock valued at $125,000 after purchasing an additional 1,667 shares during the last quarter. 16.08% of the stock is owned by institutional investors and hedge funds.

About Bilibili

(Get Free Report)

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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