Traders Purchase High Volume of Bilibili Call Options (NASDAQ:BILI)

Bilibili Inc. (NASDAQ:BILI - Get Free Report) was the target of unusually large options trading activity on Tuesday. Stock investors purchased 45,962 call options on the stock. This is an increase of approximately 67% compared to the typical daily volume of 27,485 call options.

Bilibili Stock Up 3.2 %

BILI traded up $0.71 on Friday, reaching $22.82. The company had a trading volume of 22,901,052 shares, compared to its average volume of 7,423,278. The stock has a 50-day moving average price of $18.27 and a 200-day moving average price of $18.58. Bilibili has a 1 year low of $9.63 and a 1 year high of $31.77. The stock has a market capitalization of $9.46 billion, a PE ratio of -24.80 and a beta of 0.81.

Bilibili (NASDAQ:BILI - Get Free Report) last released its quarterly earnings results on Thursday, February 20th. The company reported $0.05 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.03 by $0.02. Bilibili had a negative return on equity of 15.17% and a negative net margin of 10.73%. The firm had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.05 billion. As a group, analysts expect that Bilibili will post -0.39 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Bilibili

A number of institutional investors have recently modified their holdings of the business. Avior Wealth Management LLC boosted its stake in Bilibili by 1,817.7% during the 4th quarter. Avior Wealth Management LLC now owns 1,515 shares of the company's stock worth $27,000 after purchasing an additional 1,436 shares during the period. Blue Trust Inc. boosted its stake in shares of Bilibili by 227.3% during the third quarter. Blue Trust Inc. now owns 1,283 shares of the company's stock worth $30,000 after buying an additional 891 shares during the period. TD Private Client Wealth LLC acquired a new stake in shares of Bilibili during the third quarter worth about $53,000. Federated Hermes Inc. purchased a new position in shares of Bilibili during the fourth quarter worth about $55,000. Finally, Venturi Wealth Management LLC acquired a new position in Bilibili in the 3rd quarter valued at about $63,000. 16.08% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have issued reports on BILI. Daiwa Capital Markets upgraded shares of Bilibili from a "neutral" rating to a "buy" rating in a report on Friday, November 8th. Bank of America upped their target price on shares of Bilibili from $19.00 to $22.50 and gave the stock a "buy" rating in a research note on Friday, October 25th. Benchmark lifted their price target on shares of Bilibili from $24.00 to $30.00 and gave the stock a "buy" rating in a research note on Friday. Daiwa America raised shares of Bilibili from a "hold" rating to a "strong-buy" rating in a research report on Friday, November 8th. Finally, Barclays lifted their price objective on shares of Bilibili from $24.00 to $25.00 and gave the stock an "overweight" rating in a research report on Friday. Three analysts have rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $20.33.

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.