Bilibili Inc. (NASDAQ:BILI – Get Free Report) 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.
Read Our Latest Analysis on BILI
Institutional Trading of Bilibili
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 – Get Free Report) 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.
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