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

Key Points

• Options activity increased: Investors purchased 6,970 Bilibili call options, about 23% above the typical daily volume of 5,648 contracts.
• Shares declined 1.9% to $14.63, near the company’s 12-month low of $14.31 and below its 50-day and 200-day moving averages.
• Analyst sentiment remained positive: Nine analysts rated Bilibili a Buy and one rated it Hold, producing a “Moderate Buy” consensus and an average price target of $29.70. Institutional investors owned 16.08% of the stock.

Bilibili Inc. Sponsored ADR (NASDAQ:BILI - Get Free Report) was the recipient of unusually large options trading activity on Thursday. Stock investors purchased 6,970 call options on the company. This represents an increase of approximately 23% compared to the typical daily volume of 5,648 call options.

Hedge Funds Weigh In On Bilibili

Large investors have recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC boosted its stake in shares of Bilibili by 76.6% during the first quarter. EverSource Wealth Advisors LLC now owns 1,628 shares of the company's stock valued at $37,000 after purchasing an additional 706 shares during the period. Sequoia Financial Advisors LLC increased its stake in shares of Bilibili by 8.4% in the first quarter. Sequoia Financial Advisors LLC now owns 13,801 shares of the company's stock worth $311,000 after buying an additional 1,068 shares during the period. Parallel Advisors LLC raised its holdings in Bilibili by 24.0% during the 1st quarter. Parallel Advisors LLC now owns 6,257 shares of the company's stock valued at $141,000 after buying an additional 1,211 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S raised its holdings in Bilibili by 4.6% during the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 38,708 shares of the company's stock valued at $952,000 after buying an additional 1,689 shares during the last quarter. Finally, PNC Financial Services Group Inc. boosted its position in Bilibili by 20.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 12,078 shares of the company's stock valued at $272,000 after buying an additional 2,010 shares during the period. Institutional investors own 16.08% of the company's stock.

Bilibili Stock Down 1.9%

BILI stock traded down $0.28 during trading on Thursday, reaching $14.63. 793,905 shares of the stock were exchanged, compared to its average volume of 2,854,328. The firm's 50 day moving average is $16.30 and its 200 day moving average is $18.62. The firm has a market cap of $6.07 billion, a P/E ratio of 29.87, a price-to-earnings-growth ratio of 1.25 and a beta of 0.65. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.29. Bilibili has a twelve month low of $14.31 and a twelve month high of $36.40.

Bilibili (NASDAQ:BILI - Get Free Report) last announced its quarterly earnings data on Saturday, August 15th. The company reported $0.23 EPS for the quarter. Bilibili had a return on equity of 11.42% and a net margin of 4.88%.The firm had revenue of $1.17 billion during the quarter. As a group, research analysts forecast that Bilibili will post 0.64 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have weighed in on BILI shares. Piper Sandler set a $29.00 price target on Bilibili in a report on Friday, August 28th. BNP Paribas Exane started coverage on Bilibili in a report on Tuesday, September 22nd. They issued an "outperform" rating and a $23.00 target price for the company. Morgan Stanley reissued an "overweight" rating and issued a $27.00 price target on shares of Bilibili in a research note on Thursday, August 27th. Benchmark restated a "buy" rating on shares of Bilibili in a report on Friday, August 28th. Finally, Weiss Ratings raised shares of Bilibili from a "hold (c-)" rating to a "hold (c)" rating in a research report on Monday, September 28th. Nine analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $29.70.

About Bilibili

Bilibili Inc NASDAQ: BILI operates a digital entertainment and content platform primarily serving users in China. The company is known for its strong focus on anime, comics and games, as well as its community-oriented culture and interactive video features. Its platform hosts user-generated content, professionally produced videos and other forms of entertainment across categories such as lifestyle, knowledge, music and technology.

Bilibili offers online video services, livestreaming, mobile games and other value-added services.

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