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

Bilibili Inc. Sponsored ADR (NASDAQ:BILI) was the target of unusually large options trading activity on Thursday. Stock traders bought 82,497 call options on the stock. This represents an increase of approximately 896% compared to the typical volume of 8,281 call options.

Bilibili Trading Down 9.0%

Shares of NASDAQ:BILI traded down $2.01 during mid-day trading on Thursday, hitting $20.33. The stock had a trading volume of 5,015,367 shares, compared to its average volume of 2,641,709. The company’s 50 day moving average is $23.76 and its 200-day moving average is $26.84. Bilibili has a 12-month low of $17.59 and a 12-month high of $36.40. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.36 and a current ratio of 1.36. The company has a market cap of $8.43 billion, a PE ratio of 53.49 and a beta of 0.79.

Institutional Investors Weigh In On Bilibili

Institutional investors have recently bought and sold shares of the business. Morgan Stanley grew its position in Bilibili by 187.2% during the fourth quarter. Morgan Stanley now owns 3,846,849 shares of the company’s stock valued at $94,594,000 after purchasing an additional 2,507,321 shares in the last quarter. Step Capital Management Pte. Ltd. acquired a new position in shares of Bilibili during the 4th quarter worth $24,590,000. SIH Partners LLLP lifted its stake in shares of Bilibili by 327.1% in the 4th quarter. SIH Partners LLLP now owns 1,021,800 shares of the company’s stock valued at $25,126,000 after purchasing an additional 782,540 shares during the last quarter. MY.Alpha Management HK Advisors Ltd bought a new position in Bilibili during the fourth quarter valued at about $16,620,000. Finally, Panagora Asset Management Inc. boosted its stake in shares of Bilibili by 138.0% during the 4th quarter. Panagora Asset Management Inc. now owns 869,388 shares of the company’s stock worth $21,378,000 after acquiring an additional 504,070 shares in the last quarter. 16.08% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have weighed in on BILI shares. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Bilibili in a research note on Monday, April 20th. Citigroup upgraded shares of Bilibili from a “neutral” rating to a “buy” rating and set a $27.00 price objective for the company in a report on Friday, March 27th. JPMorgan Chase & Co. upgraded Bilibili from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $27.00 to $35.00 in a research report on Tuesday, March 17th. Morgan Stanley raised Bilibili from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $25.00 to $31.00 in a report on Monday, April 13th. Finally, Wall Street Zen lowered shares of Bilibili from a “buy” rating to a “hold” rating in a research note on Sunday, April 26th. Nine equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $30.55.

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.