Stock Traders Purchase High Volume of Bilibili Call Options (NASDAQ:BILI)

Bilibili Inc. (NASDAQ:BILI – Get Free Report) was the target of some unusual options trading activity on Thursday. Stock investors purchased 26,715 call options on the stock. This represents an increase of approximately 116% compared to the average daily volume of 12,387 call options.

Hedge Funds Weigh In On Bilibili

Large investors have recently made changes to their positions in the stock. E Fund Management Hong Kong Co. Ltd. grew its stake in Bilibili by 101.8% in the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 113,167 shares of the company’s stock valued at $3,120,000 after acquiring an additional 57,090 shares during the last quarter. Advisor Group Holdings Inc. grew its stake in Bilibili by 39.6% in the 1st quarter. Advisor Group Holdings Inc. now owns 5,012 shares of the company’s stock valued at $127,000 after acquiring an additional 1,422 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in Bilibili by 382.2% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,027 shares of the company’s stock valued at $27,000 after acquiring an additional 814 shares during the last quarter. Panagora Asset Management Inc. grew its stake in Bilibili by 11.5% in the 1st quarter. Panagora Asset Management Inc. now owns 18,894 shares of the company’s stock valued at $483,000 after acquiring an additional 1,942 shares during the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its stake in Bilibili by 1.3% in the 1st quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 69,000 shares of the company’s stock valued at $1,765,000 after acquiring an additional 900 shares during the last quarter. Hedge funds and other institutional investors own 18.99% of the company’s stock.

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Analyst Upgrades and Downgrades

BILI has been the subject of several research analyst reports. UBS Group lowered their target price on shares of Bilibili from $35.00 to $23.00 in a report on Thursday, June 8th. Citigroup lowered their target price on shares of Bilibili from $28.00 to $24.00 in a report on Friday, June 2nd. HSBC reduced their price target on shares of Bilibili from $22.00 to $17.00 in a research report on Friday, June 2nd. Finally, Bank of America reduced their price target on shares of Bilibili from $28.00 to $25.00 in a research report on Friday, June 2nd. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $23.33.

Bilibili Stock Up 5.0 %

Shares of Bilibili stock opened at $17.54 on Friday. The company has a market cap of $6.85 billion, a P/E ratio of -8.16 and a beta of 1.03. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.43 and a current ratio of 1.43. Bilibili has a one year low of $8.23 and a one year high of $29.46. The firm has a fifty day moving average of $16.77 and a two-hundred day moving average of $20.85.

Bilibili (NASDAQ:BILI – Get Free Report) last announced its quarterly earnings results on Thursday, June 1st. The company reported ($2.51) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($2.82) by $0.31. The business had revenue of $5.07 billion during the quarter, compared to the consensus estimate of $5.15 billion. Bilibili had a negative net margin of 26.75% and a negative return on equity of 42.16%. The business’s revenue was up .3% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.77) EPS. On average, analysts forecast that Bilibili will post -1.44 earnings per share for the current year.

Bilibili Company Profile

(Get Free Report)

Bilibili Inc provides online entertainment services for the young generations in the People's Republic of China. Its platform offers a range of content, including video services, mobile games, and value-added service, as well as ACG-related comic and audio content. The company's video services include professional user generated videos, occupationally generated videos, live broadcasting, and story mode.

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