Stock Traders Purchase Large Volume of Bilibili Call Options (NASDAQ:BILI)

Bilibili Inc. Sponsored ADR (NASDAQ:BILI) saw unusually large options trading activity on Thursday. Traders acquired 6,970 call options on the company. This represents an increase of 23% compared to the average daily volume of 5,648 call options.

Bilibili Stock Down 1.9%

Shares of BILI stock traded down $0.28 during mid-day trading on Thursday, reaching $14.63. 793,905 shares of the company’s stock traded hands, compared to its average volume of 2,854,328. Bilibili has a 12 month low of $14.31 and a 12 month high of $36.40. The company has a market cap of $6.07 billion, a P/E ratio of 29.87, a P/E/G ratio of 1.25 and a beta of 0.65. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.29. The company’s 50-day moving average price is $16.30 and its 200-day moving average price is $18.62.

Bilibili (NASDAQ:BILI) last released its earnings results on Saturday, August 15th. The company reported $0.23 earnings per share for the quarter. The firm had revenue of $1.17 billion for the quarter. Bilibili had a net margin of 4.88% and a return on equity of 11.42%. On average, equities analysts expect that Bilibili will post 0.64 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Morgan Stanley reissued an “overweight” rating and issued a $27.00 target price on shares of Bilibili in a research note on Thursday, August 27th. Weiss Ratings raised Bilibili from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, September 28th. Benchmark restated a “buy” rating on shares of Bilibili in a report on Friday, August 28th. Piper Sandler set a $29.00 price target on shares of Bilibili in a report on Friday, August 28th. Finally, BNP Paribas Exane initiated coverage on shares of Bilibili in a research note on Tuesday, September 22nd. They set an “outperform” rating and a $23.00 target price on the stock. Nine analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Bilibili currently has an average rating of “Moderate Buy” and a consensus price target of $29.70.

Institutional Investors Weigh In On Bilibili

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Panagora Asset Management Inc. boosted its position in shares of Bilibili by 138.0% in the 4th quarter. Panagora Asset Management Inc. now owns 869,388 shares of the company’s stock worth $21,378,000 after purchasing an additional 504,070 shares in the last quarter. MY.Alpha Management HK Advisors Ltd bought a new position in Bilibili during the 4th quarter valued at approximately $16,620,000. Renaissance Technologies LLC raised its stake in Bilibili by 121.1% during the first quarter. Renaissance Technologies LLC now owns 507,335 shares of the company’s stock valued at $11,445,000 after buying an additional 277,900 shares during the last quarter. XY Capital Ltd raised its stake in Bilibili by 148.1% during the second quarter. XY Capital Ltd now owns 253,880 shares of the company’s stock valued at $4,324,000 after buying an additional 151,563 shares during the last quarter. Finally, Hsbc Holdings PLC raised its stake in Bilibili by 230.5% during the first quarter. Hsbc Holdings PLC now owns 199,039 shares of the company’s stock valued at $4,458,000 after buying an additional 138,810 shares during the last quarter. Hedge funds and other institutional investors own 16.08% of the company’s stock.

About Bilibili

Bilibili Inc (NASDAQ: BILI) operates a digital entertainment and content platform primarily serving users in China. The company is known for its strong focus on anime, comics and games, as well as its community-oriented culture and interactive video features. Its platform hosts user-generated content, professionally produced videos and other forms of entertainment across categories such as lifestyle, knowledge, music and technology.

Bilibili offers online video services, livestreaming, mobile games and other value-added services.