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

Bilibili Inc. Sponsored ADR (NASDAQ:BILI) was the recipient of unusually large options trading activity on Wednesday. Stock traders acquired 18,822 put options on the company. This represents an increase of approximately 130% compared to the average volume of 8,195 put options.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Morgan Stanley grew its position in shares of Bilibili by 187.2% during the 4th quarter. Morgan Stanley now owns 3,846,849 shares of the company’s stock valued at $94,594,000 after acquiring an additional 2,507,321 shares during the period. Arrowstreet Capital Limited Partnership grew its holdings in Bilibili by 16.9% in the third quarter. Arrowstreet Capital Limited Partnership now owns 1,929,897 shares of the company’s stock valued at $54,211,000 after purchasing an additional 278,760 shares during the period. Federated Hermes Inc. increased its position in shares of Bilibili by 9.9% in the second quarter. Federated Hermes Inc. now owns 1,480,287 shares of the company’s stock valued at $31,752,000 after buying an additional 133,828 shares in the last quarter. Man Group plc raised its stake in shares of Bilibili by 21.9% during the 2nd quarter. Man Group plc now owns 1,460,147 shares of the company’s stock worth $31,320,000 after buying an additional 262,554 shares during the period. Finally, SIH Partners LLLP lifted its position in shares of Bilibili by 327.1% during the 4th quarter. SIH Partners LLLP now owns 1,021,800 shares of the company’s stock valued at $25,126,000 after buying an additional 782,540 shares in the last quarter. Institutional investors and hedge funds own 16.08% of the company’s stock.

Bilibili Stock Performance

Shares of BILI traded down $1.10 during trading hours on Wednesday, hitting $25.66. The stock had a trading volume of 1,694,230 shares, compared to its average volume of 2,960,996. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.64 and a current ratio of 1.36. The firm has a 50-day moving average price of $30.09 and a 200 day moving average price of $27.76. Bilibili has a fifty-two week low of $14.47 and a fifty-two week high of $36.40. The firm has a market capitalization of $10.73 billion, a price-to-earnings ratio of 67.55 and a beta of 0.75.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Bank of America decreased their target price on shares of Bilibili from $32.00 to $31.00 and set a “buy” rating for the company in a research report on Friday, November 28th. JPMorgan Chase & Co. upgraded Bilibili from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $27.00 to $35.00 in a research note on Tuesday. Wall Street Zen cut Bilibili from a “buy” rating to a “hold” rating in a report on Monday, March 9th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Bilibili in a research note on Wednesday, January 21st. Seven investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $30.50.

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.