Investors Purchase Large Volume of Call Options on Bilibili (NASDAQ:BILI)

Bilibili Inc. (NASDAQ:BILI) was the recipient of unusually large options trading on Monday. Stock traders purchased 55,410 call options on the company. This represents an increase of 64% compared to the average volume of 33,774 call options.

Bilibili Stock Performance

BILI stock traded up $4.09 during mid-day trading on Monday, reaching $23.17. 11,724,705 shares of the stock traded hands, compared to its average volume of 7,081,934. The business has a 50-day moving average price of $21.33 and a two-hundred day moving average price of $17.44. The stock has a market capitalization of $9.60 billion, a PE ratio of -23.91 and a beta of 0.80. Bilibili has a one year low of $8.80 and a one year high of $31.77.

Bilibili (NASDAQ:BILI) last issued its quarterly earnings results on Thursday, November 14th. The company reported $0.57 earnings per share for the quarter, topping the consensus estimate 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 the consensus estimate of $7.14 billion. During the same period in the prior year, the business posted ($0.39) earnings per share. The company’s revenue for the quarter was up 25.8% on a year-over-year basis. On average, equities analysts expect that Bilibili will post -0.34 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have commented on BILI. The Goldman Sachs Group raised shares of Bilibili from a “neutral” rating to a “buy” rating and upped their target price for the company from $16.50 to $22.60 in a report on Thursday, September 26th. Barclays lifted their target price on Bilibili from $19.00 to $24.00 and gave the company an “overweight” rating in a research report on Monday, November 18th. Nomura raised Bilibili from a “neutral” rating to a “buy” rating and set a $18.00 price objective on the stock in a research note on Thursday, August 22nd. Nomura Securities upgraded shares of Bilibili from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 22nd. Finally, Sanford C. Bernstein increased their price objective on shares of Bilibili from $12.00 to $13.00 and gave the stock a “market perform” rating in a research note on Friday, August 23rd. Three analysts have rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, Bilibili presently has a consensus rating of “Moderate Buy” and an average target price of $19.69.

Institutional Inflows and Outflows

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