Bilibili Target of Unusually Large Options Trading (NASDAQ:BILI)

Bilibili Inc. Sponsored ADR (NASDAQ:BILI) saw some unusual 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 average volume of 8,281 call options.

Bilibili Stock Performance

BILI opened at $20.32 on Friday. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.31. The company has a market cap of $8.43 billion, a price-to-earnings ratio of 53.48 and a beta of 0.79. Bilibili has a 52-week low of $17.59 and a 52-week high of $36.40. The firm’s fifty day simple moving average is $23.64 and its two-hundred day simple moving average is $26.77.

Hedge Funds Weigh In On Bilibili

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Renaissance Technologies LLC lifted its stake in shares of Bilibili by 121.1% in the first quarter. Renaissance Technologies LLC now owns 507,335 shares of the company’s stock worth $11,445,000 after buying an additional 277,900 shares in the last quarter. PNC Financial Services Group Inc. lifted its stake in shares of Bilibili by 20.0% in the first quarter. PNC Financial Services Group Inc. now owns 12,078 shares of the company’s stock worth $272,000 after buying an additional 2,010 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Bilibili by 7.2% in the first quarter. Dimensional Fund Advisors LP now owns 170,834 shares of the company’s stock worth $3,854,000 after buying an additional 11,413 shares in the last quarter. Parallel Advisors LLC lifted its stake in shares of Bilibili by 24.0% in the first quarter. Parallel Advisors LLC now owns 6,257 shares of the company’s stock worth $141,000 after buying an additional 1,211 shares in the last quarter. Finally, ABC Arbitrage SA purchased a new position in shares of Bilibili in the first quarter worth about $372,000. 16.08% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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