Investors Buy Large Volume of Put Options on Bilibili (NASDAQ:BILI)

Bilibili Inc. (NASDAQ:BILI) was the recipient of unusually large options trading activity on Tuesday. Traders acquired 21,079 put options on the company. This is an increase of approximately 16% compared to the typical volume of 18,213 put options.

Institutional Investors Weigh In On Bilibili

Several large investors have recently modified their holdings of the stock. Renaissance Technologies LLC increased its stake in Bilibili by 184.3% in the 1st quarter. Renaissance Technologies LLC now owns 2,076,066 shares of the company’s stock valued at $48,788,000 after buying an additional 1,345,900 shares during the period. Morgan Stanley boosted its holdings in Bilibili by 47.6% in the 3rd quarter. Morgan Stanley now owns 3,174,384 shares of the company’s stock valued at $43,711,000 after purchasing an additional 1,023,650 shares in the last quarter. Two Sigma Investments LP purchased a new stake in shares of Bilibili during the 4th quarter worth $8,914,000. BNP Paribas Arbitrage SNC lifted its position in shares of Bilibili by 155.8% during the 3rd quarter. BNP Paribas Arbitrage SNC now owns 613,854 shares of the company’s stock valued at $9,404,000 after acquiring an additional 373,911 shares during the period. Finally, Bridgewater Associates LP boosted its stake in shares of Bilibili by 48.6% during the 1st quarter. Bridgewater Associates LP now owns 1,099,588 shares of the company’s stock worth $28,127,000 after acquiring an additional 359,842 shares in the last quarter. Hedge funds and other institutional investors own 16.08% of the company’s stock.

Bilibili Trading Up 0.4 %

BILI stock opened at $11.03 on Thursday. The company’s 50 day moving average is $10.89 and its two-hundred day moving average is $11.74. Bilibili has a twelve month low of $8.80 and a twelve month high of $21.92. The stock has a market cap of $4.55 billion, a P/E ratio of -6.73 and a beta of 0.99.

Bilibili (NASDAQ:BILI) last announced its quarterly earnings results on Thursday, March 7th. The company reported ($0.28) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.25) by ($0.03). The company had revenue of $881.13 million during the quarter, compared to analysts’ expectations of $891.61 million. Bilibili had a negative net margin of 21.34% and a negative return on equity of 28.12%. On average, equities research analysts predict that Bilibili will post -0.54 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on BILI shares. Citigroup lowered Bilibili from a “buy” rating to a “neutral” rating and cut their target price for the company from $18.00 to $12.50 in a research report on Monday, March 11th. Daiwa Capital Markets cut Bilibili from a “buy” rating to a “neutral” rating in a report on Friday, January 19th. Mizuho cut their price target on shares of Bilibili from $18.00 to $16.00 and set a “buy” rating on the stock in a research note on Wednesday, January 17th. Finally, JPMorgan Chase & Co. upgraded shares of Bilibili from an “underweight” rating to a “neutral” rating and lifted their price objective for the company from $10.00 to $11.00 in a report on Monday, March 11th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $15.26.

Bilibili Company Profile

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.