Traders Buy Large Volume of Bilibili Call Options (NASDAQ:BILI)

Bilibili Inc. (NASDAQ:BILI) was the recipient of some unusual options trading activity on Monday. Traders bought 56,666 call options on the company. This represents an increase of approximately 127% compared to the typical daily volume of 25,018 call options.

Analyst Ratings Changes

BILI has been the subject of several recent analyst reports. Benchmark upped their target price on shares of Bilibili from $15.00 to $16.00 and gave the stock a “buy” rating in a report on Friday, May 24th. Barclays raised shares of Bilibili from an “underweight” rating to an “equal weight” rating and lifted their price target for the stock from $10.00 to $14.00 in a research note on Friday, May 24th. UBS Group raised shares of Bilibili from a “neutral” rating to a “buy” rating and boosted their target price for the company from $11.90 to $18.00 in a research note on Friday, May 31st. JPMorgan Chase & Co. upgraded Bilibili from a “neutral” rating to an “overweight” rating and set a $21.00 target price for the company in a report on Tuesday, June 18th. Finally, Mizuho boosted their price objective on shares of Bilibili from $15.00 to $17.00 and gave the stock a “buy” rating in a research note on Friday, May 10th. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, Bilibili currently has an average rating of “Hold” and an average target price of $17.01.

Institutional Trading of Bilibili

Several institutional investors have recently added to or reduced their stakes in BILI. CWM LLC boosted its position in shares of Bilibili by 61.9% during the second quarter. CWM LLC now owns 2,232 shares of the company’s stock worth $34,000 after buying an additional 853 shares during the period. Parallel Advisors LLC increased its stake in Bilibili by 62.6% during the fourth quarter. Parallel Advisors LLC now owns 4,503 shares of the company’s stock worth $55,000 after purchasing an additional 1,734 shares during the period. Mizuho Securities Co. Ltd. acquired a new stake in shares of Bilibili during the fourth quarter worth about $55,000. Tower Research Capital LLC TRC boosted its stake in shares of Bilibili by 349.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 6,703 shares of the company’s stock valued at $82,000 after purchasing an additional 5,210 shares during the period. Finally, Daiwa Securities Group Inc. grew its holdings in shares of Bilibili by 29.1% in the fourth quarter. Daiwa Securities Group Inc. now owns 6,970 shares of the company’s stock valued at $85,000 after purchasing an additional 1,569 shares in the last quarter. Institutional investors and hedge funds own 16.08% of the company’s stock.

Bilibili Stock Performance

Shares of BILI traded up $0.63 during trading hours on Monday, hitting $16.13. 5,157,101 shares of the stock were exchanged, compared to its average volume of 6,912,951. The company has a market cap of $6.68 billion, a price-to-earnings ratio of -9.28 and a beta of 0.85. Bilibili has a 12-month low of $8.80 and a 12-month high of $18.19. The stock’s 50-day moving average price is $15.50 and its two-hundred day moving average price is $12.96.

Bilibili (NASDAQ:BILI) last issued its quarterly earnings data on Thursday, May 23rd. The company reported ($0.24) earnings per share for the quarter, topping the consensus estimate of ($0.26) by $0.02. The company had revenue of $791.16 million during the quarter, compared to analyst estimates of $775.06 million. Bilibili had a negative return on equity of 26.46% and a negative net margin of 21.41%. On average, research analysts expect that Bilibili will post -0.46 earnings per share for the current year.

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.