Bilibili Sees Unusually High Options Volume (NASDAQ:BILI)

Bilibili Inc. (NASDAQ:BILI - Get Free Report) was the target of some unusual options trading activity on Friday. Traders purchased 86,952 put options on the stock. This is an increase of 235% compared to the average volume of 25,986 put options.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on BILI. Barclays lifted their price objective on Bilibili from $24.00 to $25.00 and gave the stock an "overweight" rating in a research report on Friday, February 21st. Nomura Securities downgraded shares of Bilibili from a "strong-buy" rating to a "hold" rating in a report on Tuesday, February 25th. Finally, Benchmark increased their price target on Bilibili from $24.00 to $30.00 and gave the stock a "buy" rating in a report on Friday, February 21st. Three equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $21.11.

Bilibili Stock Down 3.5 %

Shares of BILI traded down $0.59 during midday trading on Wednesday, hitting $16.19. The company had a trading volume of 4,100,890 shares, compared to its average volume of 6,908,559. The company's 50-day simple moving average is $19.69 and its 200-day simple moving average is $19.76. The firm has a market capitalization of $6.74 billion, a P/E ratio of -35.98 and a beta of 0.95. Bilibili has a 1 year low of $10.84 and a 1 year high of $31.77. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.05 and a current ratio of 1.34.

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Bilibili (NASDAQ:BILI - Get Free Report) last posted its earnings results on Thursday, February 20th. The company reported $0.05 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.02. Bilibili had a negative return on equity of 8.23% and a negative net margin of 5.01%. The firm had revenue of $1.08 billion during the quarter, compared to analysts' expectations of $1.05 billion. As a group, sell-side analysts expect that Bilibili will post 0.16 EPS for the current year.

Hedge Funds Weigh In On Bilibili

Several hedge funds have recently made changes to their positions in the company. Jennison Associates LLC grew its stake in Bilibili by 26.4% during the 4th quarter. Jennison Associates LLC now owns 2,285,264 shares of the company's stock worth $41,386,000 after buying an additional 477,740 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of Bilibili by 16.2% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,504,143 shares of the company's stock valued at $27,240,000 after acquiring an additional 209,963 shares during the period. Trexquant Investment LP boosted its stake in Bilibili by 9.3% during the 4th quarter. Trexquant Investment LP now owns 754,875 shares of the company's stock worth $13,671,000 after purchasing an additional 63,960 shares during the period. Jump Financial LLC purchased a new position in Bilibili during the 4th quarter worth $11,584,000. Finally, Arrowstreet Capital Limited Partnership increased its stake in Bilibili by 3,328.1% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 608,514 shares of the company's stock valued at $11,020,000 after purchasing an additional 590,763 shares during the period. Hedge funds and other institutional investors own 16.08% of the company's stock.

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.