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

Bilibili Inc. (NASDAQ:BILI) was the target of some unusual options trading on Thursday. Traders bought 41,303 call options on the stock. This represents an increase of approximately 84% compared to the average volume of 22,417 call options.

Institutional Trading of Bilibili

Several institutional investors and hedge funds have recently modified their holdings of the business. Swedbank AB bought a new position in Bilibili in the first quarter valued at $645,000. Janus Henderson Group PLC purchased a new position in shares of Bilibili in the 1st quarter worth about $3,918,000. Sandia Investment Management LP bought a new position in shares of Bilibili during the 1st quarter valued at about $112,000. Quadrature Capital Ltd purchased a new position in shares of Bilibili during the 1st quarter valued at about $456,000. Finally, OLD Mission Capital LLC bought a new stake in Bilibili in the 1st quarter worth approximately $14,849,000. Hedge funds and other institutional investors own 16.08% of the company’s stock.

Analyst Upgrades and Downgrades

BILI has been the topic of a number of recent research reports. Barclays raised Bilibili from an “underweight” rating to an “equal weight” rating and upped their price target for the company from $10.00 to $14.00 in a research report on Friday, May 24th. Citigroup downgraded shares of Bilibili from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $18.00 to $12.50 in a report on Monday, March 11th. Benchmark lifted their target price on shares of Bilibili from $15.00 to $16.00 and gave the stock a “buy” rating in a research note on Friday, May 24th. Mizuho upped their price target on shares of Bilibili from $15.00 to $17.00 and gave the company a “buy” rating in a research note on Friday, May 10th. Finally, UBS Group raised shares of Bilibili from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $11.90 to $18.00 in a report on Friday, May 31st. Six equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Bilibili has an average rating of “Hold” and an average target price of $16.90.

Bilibili Price Performance

NASDAQ BILI opened at $17.05 on Friday. The company’s 50 day simple moving average is $14.09 and its two-hundred day simple moving average is $11.97. Bilibili has a 1 year low of $8.80 and a 1 year high of $19.15. The stock has a market capitalization of $7.03 billion, a PE ratio of -10.21 and a beta of 0.89.

Bilibili (NASDAQ:BILI) last issued its quarterly earnings data on Thursday, May 23rd. The company reported ($0.24) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.26) by $0.02. The company had revenue of $791.16 million for the quarter, compared to the consensus estimate of $775.06 million. Bilibili had a negative return on equity of 26.46% and a negative net margin of 21.41%. On average, research analysts anticipate that Bilibili will post -0.5 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.