Bilibili Sees Unusually High Options Volume (NASDAQ:BILI)

Bilibili Inc. (NASDAQ:BILI) saw some unusual options trading activity on Tuesday. Investors bought 33,426 call options on the company. This is an increase of approximately 23% compared to the average daily volume of 27,207 call options.

Wall Street Analyst Weigh In

Several brokerages have commented on BILI. JPMorgan Chase & Co. raised Bilibili from a “neutral” rating to an “overweight” rating and set a $21.00 target price for the company in a research note on Tuesday, June 18th. Barclays raised Bilibili from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $14.00 to $19.00 in a research report on Friday, August 23rd. Daiwa America raised shares of Bilibili from a “moderate buy” rating to a “strong-buy” rating in a research report on Thursday, August 22nd. Daiwa Capital Markets raised shares of Bilibili from a “neutral” rating to an “outperform” rating in a report on Thursday, August 22nd. Finally, Nomura Securities upgraded Bilibili from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 22nd. Three analysts have rated the stock with a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $16.91.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. CWM LLC grew its position in Bilibili by 61.9% during the 2nd quarter. CWM LLC now owns 2,232 shares of the company’s stock worth $34,000 after purchasing an additional 853 shares during the last quarter. SG Americas Securities LLC raised its holdings in shares of Bilibili by 4.9% during the 2nd quarter. SG Americas Securities LLC now owns 33,711 shares of the company’s stock worth $520,000 after acquiring an additional 1,569 shares during the period. Creative Planning lifted its holdings in Bilibili by 6.7% in the second quarter. Creative Planning now owns 25,819 shares of the company’s stock valued at $399,000 after acquiring an additional 1,632 shares during the last quarter. Vanguard Personalized Indexing Management LLC raised its stake in shares of Bilibili by 10.3% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 17,610 shares of the company’s stock valued at $272,000 after acquiring an additional 1,650 shares during the period. Finally, Parallel Advisors LLC boosted its holdings in Bilibili by 62.6% during the 4th quarter. Parallel Advisors LLC now owns 4,503 shares of the company’s stock valued at $55,000 after acquiring an additional 1,734 shares during the period. 16.08% of the stock is owned by hedge funds and other institutional investors.

Bilibili Stock Up 13.5 %

BILI traded up $2.15 during mid-day trading on Tuesday, reaching $18.07. 8,528,310 shares of the company traded hands, compared to its average volume of 6,630,636. Bilibili has a 52-week low of $8.80 and a 52-week high of $18.19. The stock has a market capitalization of $7.46 billion, a P/E ratio of -10.81 and a beta of 0.83. The company’s fifty day moving average price is $14.79 and its 200-day moving average price is $14.17.

Bilibili (NASDAQ:BILI) last posted its quarterly earnings results on Thursday, August 22nd. The company reported ($0.65) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.55). The firm had revenue of $6.13 billion during the quarter, compared to the consensus estimate of $6.10 billion. Bilibili had a negative return on equity of 22.44% and a negative net margin of 16.71%. The business’s revenue for the quarter was up 15.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.43) earnings per share. As a group, sell-side analysts forecast that Bilibili will post -0.4 earnings per share for the current fiscal year.

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.