Bilibili Sees Unusually Large Options Volume (NASDAQ:BILI)

Bilibili Inc. (NASDAQ:BILI) saw unusually large options trading on Monday. Stock investors acquired 55,410 call options on the company. This is an increase of 64% compared to the average volume of 33,774 call options.

Bilibili Trading Up 21.6 %

Bilibili stock opened at $23.21 on Tuesday. The business’s 50 day simple moving average is $21.32 and its 200 day simple moving average is $17.51. Bilibili has a 12 month low of $8.80 and a 12 month high of $31.77. The company has a market cap of $9.62 billion, a price-to-earnings ratio of -25.23 and a beta of 0.80.

Bilibili (NASDAQ:BILI) last issued its quarterly earnings results on Thursday, November 14th. The company reported $0.57 EPS for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $7.14 billion. During the same quarter in the prior year, the firm earned ($0.39) EPS. The business’s revenue for the quarter was up 25.8% compared to the same quarter last year. As a group, equities research analysts forecast that Bilibili will post -0.34 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on BILI shares. Benchmark boosted their target price on shares of Bilibili from $16.00 to $24.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Daiwa America raised Bilibili from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 8th. Sanford C. Bernstein lifted their price objective on shares of Bilibili from $12.00 to $13.00 and gave the stock a “market perform” rating in a report on Friday, August 23rd. Bank of America increased their target price on shares of Bilibili from $19.00 to $22.50 and gave the company a “buy” rating in a report on Friday, October 25th. Finally, Mizuho boosted their price target on shares of Bilibili from $17.00 to $21.00 and gave the stock an “outperform” rating in a report on Tuesday, November 12th. Three research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $19.69.

Hedge Funds Weigh In On Bilibili

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BILI. Blue Trust Inc. grew its position in shares of Bilibili by 227.3% in the third quarter. Blue Trust Inc. now owns 1,283 shares of the company’s stock valued at $30,000 after purchasing an additional 891 shares in the last quarter. CWM LLC lifted its stake in Bilibili by 61.9% in the 2nd quarter. CWM LLC now owns 2,232 shares of the company’s stock worth $34,000 after purchasing an additional 853 shares in the last quarter. TD Private Client Wealth LLC bought a new position in Bilibili in the 3rd quarter valued at $53,000. Venturi Wealth Management LLC purchased a new position in shares of Bilibili during the 3rd quarter valued at $63,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings 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 worth $82,000 after purchasing an additional 735 shares during the period. 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.