Bilibili Sees Unusually High Options Volume (NASDAQ:BILI)

Bilibili Inc. (NASDAQ:BILI) was the recipient of unusually large options trading activity on Wednesday. Traders purchased 24,140 call options on the stock. This is an increase of approximately 31% compared to the typical volume of 18,455 call options.

Institutional Trading of Bilibili

Hedge funds and other institutional investors have recently modified their holdings of the stock. Greenleaf Trust raised its position in shares of Bilibili by 5.5% in the 3rd quarter. Greenleaf Trust now owns 21,614 shares of the company’s stock valued at $298,000 after buying an additional 1,127 shares in the last quarter. Principal Financial Group Inc. grew its holdings in Bilibili by 7.1% during the 3rd quarter. Principal Financial Group Inc. now owns 18,036 shares of the company’s stock worth $248,000 after acquiring an additional 1,202 shares during the last quarter. Vontobel Holding Ltd. lifted its position in shares of Bilibili by 4.1% during the fourth quarter. Vontobel Holding Ltd. now owns 36,439 shares of the company’s stock valued at $443,000 after purchasing an additional 1,424 shares in the last quarter. Ronald Blue Trust Inc. lifted its position in shares of Bilibili by 79.1% during the third quarter. Ronald Blue Trust Inc. now owns 3,347 shares of the company’s stock valued at $51,000 after purchasing an additional 1,478 shares in the last quarter. Finally, Daiwa Securities Group Inc. raised its position in Bilibili by 29.1% in the fourth 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 during the period. Institutional investors own 16.08% of the company’s stock.

Bilibili Stock Performance

BILI opened at $12.75 on Thursday. The firm’s fifty day moving average is $11.08 and its two-hundred day moving average is $11.68. The firm has a market cap of $5.26 billion, a PE ratio of -7.77 and a beta of 0.99. Bilibili has a twelve month low of $8.80 and a twelve month high of $20.60.

Bilibili (NASDAQ:BILI) last issued its quarterly earnings data on Thursday, March 7th. The company reported ($0.28) EPS for the quarter, missing analysts’ consensus estimates of ($0.25) by ($0.03). Bilibili had a negative return on equity of 28.12% and a negative net margin of 21.34%. The company had revenue of $881.13 million for the quarter, compared to analyst estimates of $891.61 million. Equities analysts forecast that Bilibili will post -0.55 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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

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.