Traders Buy Large Volume of Call Options on Bilibili (NASDAQ:BILI)

Bilibili Inc. (NASDAQ:BILI) was the target of unusually large options trading on Thursday. Investors bought 40,298 call options on the company. This is an increase of 104% compared to the typical daily volume of 19,767 call options.

Wall Street Analyst Weigh In

A number of research firms have commented on BILI. Mizuho lowered their price target on Bilibili from $18.00 to $16.00 and set a “buy” rating for the company in a research report on Wednesday, January 17th. Citigroup cut shares of Bilibili from a “buy” rating to a “neutral” rating and cut their price target for the company from $18.00 to $12.50 in a report on Monday, March 11th. JPMorgan Chase & Co. upgraded shares of Bilibili from an “underweight” rating to a “neutral” rating and upped their price objective for the stock from $10.00 to $11.00 in a report on Monday, March 11th. Finally, Daiwa Capital Markets lowered shares of Bilibili from a “buy” rating to a “neutral” rating in a research note on Friday, January 19th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $15.26.

Bilibili Stock Performance

Shares of NASDAQ BILI traded up $0.25 during midday trading on Thursday, hitting $13.91. 5,467,138 shares of the stock traded hands, compared to its average volume of 7,303,840. Bilibili has a one year low of $8.80 and a one year high of $19.74. The firm has a market capitalization of $5.73 billion, a P/E ratio of -8.51 and a beta of 0.96. The firm has a 50-day moving average of $11.77 and a two-hundred day moving average of $11.68.

Bilibili (NASDAQ:BILI) last issued its quarterly earnings data on Thursday, March 7th. The company reported ($0.28) earnings per share for the quarter, missing the consensus estimate of ($0.25) by ($0.03). The business had revenue of $881.13 million during the quarter, compared to the consensus estimate of $891.61 million. Bilibili had a negative return on equity of 28.12% and a negative net margin of 21.34%. Equities analysts forecast that Bilibili will post -0.55 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Greenleaf Trust lifted its position 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 acquiring an additional 1,127 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in Bilibili by 7.1% in the 3rd quarter. Principal Financial Group Inc. now owns 18,036 shares of the company’s stock worth $248,000 after purchasing an additional 1,202 shares in the last quarter. Vontobel Holding Ltd. boosted its stake in Bilibili by 4.1% in the 4th quarter. Vontobel Holding Ltd. now owns 36,439 shares of the company’s stock worth $443,000 after purchasing an additional 1,424 shares during the period. Daiwa Securities Group Inc. grew its holdings in Bilibili by 29.1% during the 4th quarter. Daiwa Securities Group Inc. now owns 6,970 shares of the company’s stock valued at $85,000 after buying an additional 1,569 shares in the last quarter. Finally, Quadrant Capital Group LLC raised its position 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 buying an additional 1,667 shares during the last quarter. 16.08% of the stock is currently owned by institutional investors.

About Bilibili

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.