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

Bilibili Inc. (NASDAQ:BILI) was the recipient of unusually large options trading on Friday. Investors purchased 86,952 put options on the company. This is an increase of approximately 235% compared to the typical volume of 25,986 put options.

Institutional Investors Weigh In On Bilibili

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Avior Wealth Management LLC raised its holdings in Bilibili by 1,817.7% during the 4th quarter. Avior Wealth Management LLC now owns 1,515 shares of the company’s stock worth $27,000 after purchasing an additional 1,436 shares during the last quarter. TD Private Client Wealth LLC bought a new stake in shares of Bilibili during the 3rd quarter valued at $53,000. Federated Hermes Inc. bought a new stake in shares of Bilibili during the 4th quarter valued at $55,000. Blue Trust Inc. boosted its position in shares of Bilibili by 147.8% in the 4th quarter. Blue Trust Inc. now owns 3,179 shares of the company’s stock worth $58,000 after purchasing an additional 1,896 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Bilibili by 26.3% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,528 shares of the company’s stock worth $82,000 after purchasing an additional 735 shares during the period. 16.08% of the stock is owned by institutional investors and hedge funds.

Bilibili Price Performance

BILI traded up $0.52 during trading on Friday, hitting $16.44. The company’s stock had a trading volume of 4,648,274 shares, compared to its average volume of 6,905,426. The firm’s 50 day moving average price is $19.74 and its two-hundred day moving average price is $19.84. The company has a quick ratio of 1.05, a current ratio of 1.34 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $6.81 billion, a price-to-earnings ratio of -36.68 and a beta of 0.95. Bilibili has a 12 month low of $10.84 and a 12 month high of $31.77.

Bilibili (NASDAQ:BILI) last posted its quarterly earnings data on Thursday, February 20th. The company reported $0.05 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.02. Bilibili had a negative net margin of 5.01% and a negative return on equity of 8.23%. The firm had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.05 billion. Sell-side analysts forecast that Bilibili will post 0.16 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on BILI shares. Barclays lifted their target price on shares of Bilibili from $24.00 to $25.00 and gave the stock an “overweight” rating in a report on Friday, February 21st. Benchmark boosted their price objective on Bilibili from $24.00 to $30.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. Finally, Nomura Securities lowered Bilibili from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 25th. Three investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $21.11.

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.