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

Bilibili Inc. (NASDAQ:BILI) was the recipient of unusually large options trading on Thursday. Investors acquired 40,298 call options on the company. This represents an increase of approximately 104% compared to the average volume of 19,767 call options.

Institutional Trading of Bilibili

Hedge funds and other institutional investors have recently bought and sold shares of the company. Greenleaf Trust increased its holdings in shares of Bilibili by 5.5% in the third quarter. Greenleaf Trust now owns 21,614 shares of the company’s stock worth $298,000 after purchasing an additional 1,127 shares during the period. Principal Financial Group Inc. raised its holdings in shares of Bilibili by 7.1% in the 3rd quarter. Principal Financial Group Inc. now owns 18,036 shares of the company’s stock valued at $248,000 after acquiring an additional 1,202 shares in the last quarter. Vontobel Holding Ltd. boosted its position in shares of Bilibili by 4.1% during the 4th quarter. Vontobel Holding Ltd. now owns 36,439 shares of the company’s stock valued at $443,000 after acquiring an additional 1,424 shares during the last quarter. Daiwa Securities Group Inc. grew its holdings in shares of Bilibili by 29.1% during the fourth quarter. Daiwa Securities Group Inc. now owns 6,970 shares of the company’s stock worth $85,000 after purchasing an additional 1,569 shares in the last quarter. Finally, Quadrant Capital Group LLC increased its position in shares of Bilibili by 19.3% in the fourth quarter. Quadrant Capital Group LLC now owns 10,283 shares of the company’s stock worth $125,000 after purchasing an additional 1,667 shares during the last quarter. Institutional investors own 16.08% of the company’s stock.

Bilibili Price Performance

Bilibili stock opened at $14.01 on Friday. Bilibili has a one year low of $8.80 and a one year high of $19.74. The firm has a market capitalization of $5.77 billion, a P/E ratio of -8.54 and a beta of 0.96. The business has a fifty day moving average price of $11.86 and a 200-day moving average price of $11.70.

Bilibili (NASDAQ:BILI) last announced its quarterly earnings results on Thursday, March 7th. The company reported ($0.28) earnings per share for the quarter, missing the consensus estimate of ($0.25) by ($0.03). Bilibili had a negative net margin of 21.34% and a negative return on equity of 28.12%. The company had revenue of $881.13 million for the quarter, compared to the consensus estimate of $891.61 million. Sell-side analysts expect that Bilibili will post -0.55 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

BILI has been the subject of several research analyst reports. Citigroup lowered Bilibili from a “buy” rating to a “neutral” rating and decreased their target price for the company from $18.00 to $12.50 in a research report on Monday, March 11th. Daiwa Capital Markets lowered shares of Bilibili from a “buy” rating to a “neutral” rating in a research note on Friday, January 19th. JPMorgan Chase & Co. upgraded Bilibili from an “underweight” rating to a “neutral” rating and upped their price objective for the company from $10.00 to $11.00 in a research note on Monday, March 11th. Finally, Mizuho lowered their target price on Bilibili from $18.00 to $16.00 and set a “buy” rating on the stock in a research note on Wednesday, January 17th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $15.26.

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.