Bilibili Sees Unusually Large Options Volume (NASDAQ:BILI)

Bilibili Inc. (NASDAQ:BILI) saw unusually large options trading on Tuesday. Stock investors bought 21,079 put options on the stock. This is an increase of approximately 16% compared to the typical volume of 18,213 put options.

Bilibili Price Performance

Shares of NASDAQ:BILI opened at $10.99 on Wednesday. The company has a market capitalization of $4.53 billion, a P/E ratio of -6.70 and a beta of 0.99. Bilibili has a 1-year low of $8.80 and a 1-year high of $21.92. The firm’s 50 day simple moving average is $10.87 and its two-hundred day simple moving average is $11.76.

Bilibili (NASDAQ:BILI) last released its earnings results on Thursday, March 7th. The company reported ($0.28) earnings per share for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $881.13 million for the quarter, compared to analysts’ expectations of $891.61 million. On average, sell-side analysts anticipate that Bilibili will post -0.54 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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

Hedge Funds Weigh In On Bilibili

A number of hedge funds have recently made changes to their positions in BILI. Aviva PLC raised its stake in Bilibili by 0.9% during the 1st quarter. Aviva PLC now owns 77,581 shares of the company’s stock valued at $1,985,000 after purchasing an additional 700 shares during the period. Cerity Partners LLC grew its holdings in Bilibili by 5.8% during the 2nd quarter. Cerity Partners LLC now owns 13,014 shares of the company’s stock valued at $197,000 after buying an additional 708 shares in the last quarter. PNC Financial Services Group Inc. raised its position in shares of Bilibili by 382.2% during the first quarter. PNC Financial Services Group Inc. now owns 1,027 shares of the company’s stock valued at $27,000 after buying an additional 814 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its holdings in shares of Bilibili by 1.3% in the first quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 69,000 shares of the company’s stock worth $1,765,000 after buying an additional 900 shares in the last quarter. Finally, Rhumbline Advisers lifted its holdings in shares of Bilibili by 9.8% in the third quarter. Rhumbline Advisers now owns 11,155 shares of the company’s stock worth $154,000 after buying an additional 995 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.