Bilibili Sees Unusually Large Options Volume (NASDAQ:BILI)

Bilibili Inc. (NASDAQ:BILI) was the target of unusually large options trading on Thursday. Traders bought 54,863 put options on the stock. This represents an increase of approximately 74% compared to the typical daily volume of 31,472 put options.

Wall Street Analysts Forecast Growth

BILI has been the topic of a number of analyst reports. Mizuho lifted their target price on shares of Bilibili from $17.00 to $21.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 12th. Daiwa Capital Markets upgraded shares of Bilibili from a “neutral” rating to a “buy” rating in a research report on Friday, November 8th. Bank of America increased their target price on shares of Bilibili from $19.00 to $22.50 and gave the stock a “buy” rating in a report on Friday, October 25th. The Goldman Sachs Group upgraded Bilibili from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $16.50 to $22.60 in a research note on Thursday, September 26th. Finally, Daiwa America upgraded shares of Bilibili from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 8th. Three research analysts have rated the stock with a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $19.69.

Bilibili Price Performance

Shares of BILI stock traded up $0.15 during trading hours on Thursday, hitting $16.98. The stock had a trading volume of 3,315,114 shares, compared to its average volume of 4,906,452. Bilibili has a twelve month low of $8.80 and a twelve month high of $31.77. The firm has a market capitalization of $7.04 billion, a PE ratio of -18.46 and a beta of 0.81. The stock’s 50 day moving average is $19.06 and its 200 day moving average is $18.09.

Bilibili (NASDAQ:BILI) last posted its quarterly earnings data on Thursday, November 14th. The company reported $0.57 EPS for the quarter, beating the consensus estimate of $0.10 by $0.47. Bilibili had a negative return on equity of 15.17% and a negative net margin of 10.73%. The firm had revenue of $7.31 billion during the quarter, compared to the consensus estimate of $7.14 billion. During the same period in the prior year, the business earned ($0.39) EPS. The firm’s revenue was up 25.8% compared to the same quarter last year. As a group, equities analysts predict that Bilibili will post -0.27 earnings per share for the current year.

Institutional Trading of Bilibili

Several hedge funds and other institutional investors have recently made changes to their positions in BILI. First Beijing Investment Ltd lifted its position in Bilibili by 96.2% in the third quarter. First Beijing Investment Ltd now owns 3,793,582 shares of the company’s stock valued at $88,694,000 after purchasing an additional 1,860,496 shares during the period. BNP Paribas Financial Markets raised its stake in shares of Bilibili by 422.0% during the 3rd quarter. BNP Paribas Financial Markets now owns 2,256,058 shares of the company’s stock worth $52,747,000 after buying an additional 1,823,829 shares in the last quarter. Quarry LP acquired a new stake in shares of Bilibili in the 2nd quarter valued at approximately $29,336,000. Jennison Associates LLC boosted its stake in shares of Bilibili by 208.4% in the third quarter. Jennison Associates LLC now owns 1,807,524 shares of the company’s stock valued at $42,260,000 after buying an additional 1,221,433 shares in the last quarter. Finally, Two Sigma Advisers LP grew its holdings in Bilibili by 14,710.1% during the third quarter. Two Sigma Advisers LP now owns 1,762,400 shares of the company’s stock worth $41,205,000 after acquiring an additional 1,750,500 shares during the period. Hedge funds and other institutional investors own 16.08% of the company’s stock.

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.