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

Bilibili Inc. (NASDAQ:BILI) was the target of some unusual options trading on Friday. Investors bought 86,952 put options on the stock. This is an increase of approximately 235% compared to the typical volume of 25,986 put options.

Analysts Set New Price Targets

BILI has been the topic of a number of research reports. Nomura Securities downgraded Bilibili from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 25th. Barclays increased their price target on shares of Bilibili from $24.00 to $25.00 and gave the stock an “overweight” rating in a research note on Friday, February 21st. Finally, Benchmark lifted their price objective on shares of Bilibili from $24.00 to $30.00 and gave the company a “buy” rating in a research note on Friday, February 21st. Three analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $21.11.

Bilibili Price Performance

NASDAQ BILI opened at $16.68 on Friday. The stock has a 50-day simple moving average of $19.72 and a 200 day simple moving average of $19.83. Bilibili has a twelve month low of $10.84 and a twelve month high of $31.77. The stock has a market capitalization of $6.91 billion, a PE ratio of -37.07 and a beta of 0.95. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.05 and a current ratio of 1.34.

Bilibili (NASDAQ:BILI) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.02. Bilibili had a negative net margin of 5.01% and a negative return on equity of 8.23%. The business had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.05 billion. Research analysts anticipate that Bilibili will post 0.16 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in BILI. Matthews International Capital Management LLC grew its stake in shares of Bilibili by 11.3% in the 4th quarter. Matthews International Capital Management LLC now owns 351,423 shares of the company’s stock valued at $6,364,000 after purchasing an additional 35,692 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Bilibili by 26.3% during the third 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 acquiring an additional 735 shares during the period. Barclays PLC increased its position in Bilibili by 13.5% in the 3rd quarter. Barclays PLC now owns 127,563 shares of the company’s stock valued at $2,982,000 after acquiring an additional 15,136 shares in the last quarter. Vontobel Holding Ltd. bought a new position in shares of Bilibili in the fourth quarter worth about $340,000. Finally, SBI Securities Co. Ltd. acquired a new position in shares of Bilibili during the fourth quarter worth approximately $354,000. Institutional investors own 16.08% of the company’s stock.

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.