Investors Purchase High Volume of Put Options on Bilibili (NASDAQ:BILI)

Bilibili Inc. (NASDAQ:BILI) was the target of unusually large options trading activity on Thursday. Stock traders acquired 54,863 put options on the company. This is an increase of 74% compared to the typical daily volume of 31,472 put options.

Institutional Trading of Bilibili

A number of hedge funds and other institutional investors have recently made changes to their positions in BILI. SIH Partners LLLP increased its holdings in shares of Bilibili by 145.9% in the 2nd quarter. SIH Partners LLLP now owns 1,195,420 shares of the company’s stock valued at $18,457,000 after acquiring an additional 709,200 shares during the period. Y Intercept Hong Kong Ltd increased its stake in Bilibili by 1,064.9% in the third quarter. Y Intercept Hong Kong Ltd now owns 190,275 shares of the company’s stock valued at $4,449,000 after purchasing an additional 173,941 shares during the period. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of Bilibili in the second quarter valued at about $7,799,000. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Bilibili by 31.6% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,294,180 shares of the company’s stock worth $30,258,000 after buying an additional 311,073 shares during the period. Finally, US Bancorp DE grew its holdings in shares of Bilibili by 882.4% during the third quarter. US Bancorp DE now owns 70,999 shares of the company’s stock worth $1,660,000 after buying an additional 63,772 shares during the last quarter. Institutional investors and hedge funds own 16.08% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Daiwa Capital Markets raised shares of Bilibili from a “neutral” rating to a “buy” rating in a research report on Friday, November 8th. Mizuho boosted their target price on shares of Bilibili from $17.00 to $21.00 and gave the company an “outperform” rating in a report on Tuesday, November 12th. Benchmark raised their price target on shares of Bilibili from $16.00 to $24.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Barclays upped their price objective on Bilibili from $19.00 to $24.00 and gave the company an “overweight” rating in a report on Monday, November 18th. Finally, Bank of America raised their target price on Bilibili from $19.00 to $22.50 and gave the stock a “buy” rating in a research note on Friday, October 25th. Three analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $19.69.

Bilibili Price Performance

Shares of BILI traded up $0.49 during midday trading on Friday, reaching $17.47. The stock had a trading volume of 6,045,802 shares, compared to its average volume of 3,855,199. The company has a market cap of $7.24 billion, a price-to-earnings ratio of -18.99 and a beta of 0.81. The company’s fifty day simple moving average is $18.81 and its two-hundred day simple moving average is $18.10. Bilibili has a 1-year low of $8.80 and a 1-year high of $31.77.

Bilibili (NASDAQ:BILI) last released its quarterly earnings data on Thursday, November 14th. The company reported $0.57 EPS for the quarter, beating analysts’ consensus estimates of $0.10 by $0.47. The business had revenue of $7.31 billion for the quarter, compared to the consensus estimate of $7.14 billion. Bilibili had a negative return on equity of 15.17% and a negative net margin of 10.73%. The business’s revenue for the quarter was up 25.8% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.39) EPS. On average, sell-side analysts forecast that Bilibili will post -0.27 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.