Traders Buy High Volume of Call Options on Bilibili (NASDAQ:BILI)

Bilibili Inc. Sponsored ADR (NASDAQ:BILI) saw some unusual options trading on Monday. Traders acquired 37,067 call options on the company. This is an increase of approximately 310% compared to the typical daily volume of 9,048 call options.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Ballentine Partners LLC bought a new stake in shares of Bilibili during the second quarter worth $214,000. Y Intercept Hong Kong Ltd acquired a new position in Bilibili in the 2nd quarter worth $4,111,000. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in Bilibili in the 2nd quarter worth $927,000. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Bilibili by 7.7% in the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 9,970 shares of the company’s stock valued at $214,000 after purchasing an additional 709 shares during the period. Finally, Rovida Advisors Inc. acquired a new stake in shares of Bilibili in the 2nd quarter valued at about $2,145,000. Institutional investors and hedge funds own 16.08% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Citigroup lifted their price objective on Bilibili from $25.00 to $27.00 and gave the stock a “neutral” rating in a research note on Friday, November 14th. Benchmark raised their target price on Bilibili from $28.00 to $29.00 and gave the stock a “buy” rating in a report on Friday, November 14th. Macquarie initiated coverage on Bilibili in a research note on Tuesday, October 14th. They issued an “outperform” rating and a $36.03 price target for the company. Wall Street Zen downgraded shares of Bilibili from a “buy” rating to a “hold” rating in a research report on Saturday, January 3rd. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Bilibili in a report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, Bilibili presently has an average rating of “Moderate Buy” and a consensus price target of $29.61.

Bilibili Stock Up 6.6%

Shares of NASDAQ BILI traded up $1.94 during mid-day trading on Monday, reaching $31.11. 4,193,893 shares of the company’s stock were exchanged, compared to its average volume of 3,217,583. Bilibili has a twelve month low of $14.47 and a twelve month high of $32.50. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 0.54. The firm has a market capitalization of $13.00 billion, a price-to-earnings ratio of 124.36 and a beta of 0.66. The business has a fifty day simple moving average of $26.08 and a 200 day simple moving average of $25.39.

Bilibili Company Profile

Bilibili (NASDAQ: BILI) is a leading Chinese online entertainment platform renowned for its focus on animation, comics and games (ACG) content. The company operates a video-sharing website where users can view, upload and comment on a wide range of content, from full-length anime episodes to user-generated short videos. In addition to on-demand streaming, Bilibili offers live broadcasting services that connect creators with fans through real-time interaction features such as “bullet comments” that flow across the screen.

Beyond its core video community, Bilibili generates revenue through multiple value-added services.