Bilibili Sees Unusually High Options Volume (NASDAQ:BILI)

Bilibili Inc. (NASDAQ:BILI) was the recipient of some unusual options trading on Wednesday. Traders acquired 24,140 call options on the company. This is an increase of 31% compared to the typical daily volume of 18,455 call options.

Institutional Trading of Bilibili

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Greenleaf Trust boosted its position in Bilibili by 5.5% during the third quarter. Greenleaf Trust now owns 21,614 shares of the company’s stock worth $298,000 after purchasing an additional 1,127 shares in the last quarter. Principal Financial Group Inc. increased its stake in Bilibili by 7.1% during the third 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. increased its stake in Bilibili by 4.1% during 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. Ronald Blue Trust Inc. grew its stake in shares of Bilibili by 79.1% in the third quarter. Ronald Blue Trust Inc. now owns 3,347 shares of the company’s stock valued at $51,000 after buying an additional 1,478 shares in the last quarter. Finally, Daiwa Securities Group Inc. boosted its holdings in Bilibili by 29.1% in the fourth quarter. Daiwa Securities Group Inc. now owns 6,970 shares of the company’s stock valued at $85,000 after purchasing an additional 1,569 shares during the period. 16.08% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Bilibili Price Performance

Shares of NASDAQ:BILI opened at $12.75 on Thursday. The business’s 50-day moving average is $11.08 and its 200 day moving average is $11.68. Bilibili has a 1 year low of $8.80 and a 1 year high of $20.60. The firm has a market capitalization of $5.26 billion, a P/E ratio of -7.77 and a beta of 0.99.

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

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.