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

Bilibili Inc. (NASDAQ:BILI) saw some unusual options trading on Tuesday. Stock traders acquired 21,079 put options on the stock. This is an increase of approximately 16% compared to the typical daily volume of 18,213 put options.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Renaissance Technologies LLC increased its position 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 acquiring an additional 1,345,900 shares in the last quarter. Morgan Stanley increased its holdings in shares of Bilibili by 47.6% in the third 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 bought a new position in Bilibili in the 4th quarter worth approximately $8,914,000. BNP Paribas Arbitrage SNC lifted its holdings in Bilibili by 155.8% during the 3rd quarter. BNP Paribas Arbitrage SNC now owns 613,854 shares of the company’s stock worth $9,404,000 after buying an additional 373,911 shares in the last quarter. Finally, Bridgewater Associates LP boosted its position in Bilibili by 48.6% in the 1st quarter. Bridgewater Associates LP now owns 1,099,588 shares of the company’s stock valued at $28,127,000 after buying an additional 359,842 shares during the last quarter. Institutional investors own 16.08% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Bilibili Stock Performance

Shares of BILI opened at $11.03 on Thursday. The firm has a market capitalization of $4.55 billion, a P/E ratio of -6.73 and a beta of 0.99. Bilibili has a 52 week low of $8.80 and a 52 week high of $21.92. The company has a 50-day simple moving average of $10.89 and a 200-day simple moving average of $11.74.

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

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.