Bilibili Inc. (NASDAQ:BILI - Get Free Report) was the target of some unusual options trading activity on Thursday. Traders bought 54,863 put options on the stock. This is an increase of approximately 74% compared to the average daily volume of 31,472 put options.
Bilibili Price Performance
Shares of Bilibili stock traded up $0.49 during trading hours on Friday, hitting $17.47. The company had a trading volume of 6,045,802 shares, compared to its average volume of 5,148,410. The company's 50-day moving average is $18.81 and its two-hundred day moving average is $18.10. The company has a market cap of $7.24 billion, a P/E ratio of -18.99 and a beta of 0.81. Bilibili has a twelve month low of $8.80 and a twelve month high of $31.77.
Bilibili (NASDAQ:BILI - Get Free Report) last released its quarterly earnings data on Thursday, November 14th. The company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.47. Bilibili had a negative net margin of 10.73% and a negative return on equity of 15.17%. The company had revenue of $7.31 billion during the quarter, compared to the consensus estimate of $7.14 billion. During the same quarter in the prior year, the firm posted ($0.39) earnings per share. Bilibili's revenue for the quarter was up 25.8% on a year-over-year basis. Sell-side analysts expect that Bilibili will post -0.27 EPS for the current year.
Institutional Inflows and Outflows
A number of hedge funds have recently added to or reduced their stakes in the company. Signaturefd LLC boosted its holdings in shares of Bilibili by 6.5% in the third quarter. Signaturefd LLC now owns 9,731 shares of the company's stock valued at $228,000 after acquiring an additional 598 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Bilibili by 26.3% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,528 shares of the company's stock valued at $82,000 after purchasing an additional 735 shares during the last quarter. Blue Trust Inc. boosted its stake in Bilibili by 227.3% during the 3rd quarter. Blue Trust Inc. now owns 1,283 shares of the company's stock worth $30,000 after purchasing an additional 891 shares during the period. Avior Wealth Management LLC grew its position 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 last quarter. Finally, Creative Planning increased its stake in Bilibili by 6.7% in the second quarter. Creative Planning now owns 25,819 shares of the company's stock valued at $399,000 after purchasing an additional 1,632 shares during the period. Hedge funds and other institutional investors own 16.08% of the company's stock.
Analyst Upgrades and Downgrades
Several equities research analysts recently weighed in on BILI shares. Benchmark upped their target price on shares of Bilibili from $16.00 to $24.00 and gave the stock a "buy" rating in a research note on Friday, November 15th. The Goldman Sachs Group upgraded Bilibili from a "neutral" rating to a "buy" rating and upped their price target for the stock from $16.50 to $22.60 in a report on Thursday, September 26th. Mizuho boosted their price objective on Bilibili from $17.00 to $21.00 and gave the stock an "outperform" rating in a research report on Tuesday, November 12th. Bank of America raised their target price on shares of Bilibili from $19.00 to $22.50 and gave the company a "buy" rating in a report on Friday, October 25th. Finally, Daiwa Capital Markets upgraded shares of Bilibili from a "neutral" rating to a "buy" rating in a report on Friday, November 8th. Three analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Bilibili presently has a consensus rating of "Moderate Buy" and an average target price of $19.69.
Get Our Latest Analysis on BILI
Bilibili Company Profile
(
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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.
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