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

Bilibili Inc. (NASDAQ:BILI) was the target of some unusual options trading activity on Monday. Investors purchased 30,100 call options on the stock. This is an increase of approximately 19% compared to the average volume of 25,279 call options.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. JPMorgan Chase & Co. raised shares of 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. Benchmark lifted their price objective on Bilibili from $15.00 to $16.00 and gave the company a “buy” rating in a research report on Friday, May 24th. Barclays upgraded Bilibili from an “underweight” rating to an “equal weight” rating and increased their target price for the stock from $10.00 to $14.00 in a research report on Friday, May 24th. Mizuho lifted their price target on Bilibili from $15.00 to $17.00 and gave the company a “buy” rating in a report on Friday, May 10th. Finally, UBS Group raised shares of Bilibili from a “neutral” rating to a “buy” rating and upped their price objective for the company from $11.90 to $18.00 in a research note on Friday, May 31st. Six investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, Bilibili has an average rating of “Hold” and an average price target of $16.90.

Bilibili Price Performance

NASDAQ BILI opened at $17.17 on Wednesday. Bilibili has a 1-year low of $8.80 and a 1-year high of $19.15. The firm has a market capitalization of $7.09 billion, a P/E ratio of -10.28 and a beta of 0.85. The business’s 50-day simple moving average is $15.27 and its 200-day simple moving average is $12.41.

Bilibili (NASDAQ:BILI) last announced its quarterly earnings results on Thursday, May 23rd. The company reported ($0.24) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.02. Bilibili had a negative net margin of 21.41% and a negative return on equity of 26.46%. The firm had revenue of $791.16 million for the quarter, compared to analysts’ expectations of $775.06 million. On average, equities research analysts expect that Bilibili will post -0.46 EPS for the current fiscal year.

Institutional Trading of Bilibili

Institutional investors have recently added to or reduced their stakes in the business. Vontobel Holding Ltd. lifted its stake in shares of Bilibili by 4.1% during the fourth quarter. Vontobel Holding Ltd. now owns 36,439 shares of the company’s stock worth $443,000 after purchasing an additional 1,424 shares in the last quarter. Daiwa Securities Group Inc. lifted its position in Bilibili by 29.1% during the 4th quarter. Daiwa Securities Group Inc. now owns 6,970 shares of the company’s stock worth $85,000 after acquiring an additional 1,569 shares in the last quarter. Quadrant Capital Group LLC boosted its holdings in Bilibili by 19.3% in the 4th quarter. Quadrant Capital Group LLC now owns 10,283 shares of the company’s stock worth $125,000 after acquiring an additional 1,667 shares during the period. Parallel Advisors LLC grew its position in Bilibili by 62.6% in the fourth 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 in the last quarter. Finally, Mizuho Securities Co. Ltd. purchased a new stake in shares of Bilibili during the fourth quarter valued at approximately $55,000. 16.08% of the stock is owned by hedge funds and other institutional investors.

Bilibili Company Profile

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.