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

Bilibili Inc. (NASDAQ:BILI) was the recipient of some unusual options trading activity on Friday. Stock investors bought 86,952 put options on the stock. This is an increase of approximately 235% compared to the average daily volume of 25,986 put options.

Bilibili Stock Up 3.3 %

Shares of NASDAQ:BILI traded up $0.52 during midday trading on Friday, reaching $16.44. The company had a trading volume of 4,648,274 shares, compared to its average volume of 6,905,426. Bilibili has a 1-year low of $10.84 and a 1-year high of $31.77. The stock has a market cap of $6.81 billion, a PE ratio of -36.68 and a beta of 0.95. 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 business’s 50 day moving average price is $19.74 and its 200 day moving average price is $19.84.

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

Analyst Upgrades and Downgrades

BILI has been the topic of several research analyst reports. Nomura Securities downgraded Bilibili from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 25th. Benchmark increased their target price on Bilibili from $24.00 to $30.00 and gave the stock a “buy” rating in a research note on Friday, February 21st. Finally, Barclays upped their price target on shares of Bilibili from $24.00 to $25.00 and gave the company an “overweight” rating in a report on Friday, February 21st. Three investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $21.11.

Institutional Trading of Bilibili

A number of large investors have recently added to or reduced their stakes in the company. Avior Wealth Management LLC raised its holdings in shares of Bilibili by 1,817.7% in the 4th quarter. Avior Wealth Management LLC now owns 1,515 shares of the company’s stock valued at $27,000 after purchasing an additional 1,436 shares during the period. TD Private Client Wealth LLC bought a new position in Bilibili during the third quarter worth about $53,000. Federated Hermes Inc. acquired a new position in Bilibili during the fourth quarter worth approximately $55,000. Blue Trust Inc. raised its stake in Bilibili by 147.8% in the fourth quarter. Blue Trust Inc. now owns 3,179 shares of the company’s stock valued at $58,000 after buying an additional 1,896 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Bilibili by 26.3% in 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 valued at $82,000 after buying an additional 735 shares during the last quarter. Institutional investors and hedge funds own 16.08% of the company’s stock.

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.