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

Bilibili Inc. Sponsored ADR (NASDAQ:BILI) saw unusually large options trading activity on Wednesday. Investors acquired 18,822 put options on the stock. This is an increase of approximately 130% compared to the average daily volume of 8,195 put options.

Analyst Ratings Changes

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

Bilibili Stock Performance

Shares of Bilibili stock opened at $25.13 on Friday. The stock has a market capitalization of $10.50 billion, a price-to-earnings ratio of 66.13 and a beta of 0.75. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.36 and a quick ratio of 1.64. The business has a 50-day moving average of $29.99 and a 200 day moving average of $27.73. Bilibili has a 12 month low of $14.47 and a 12 month high of $36.40.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in BILI. HighTower Advisors LLC purchased a new stake in Bilibili during the 3rd quarter worth approximately $1,536,000. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in Bilibili in the 2nd quarter valued at approximately $927,000. BlueCrest Capital Management Ltd purchased a new position in Bilibili in the 3rd quarter valued at approximately $2,107,000. Rovida Advisors Inc. acquired a new position in shares of Bilibili in the second quarter worth $2,145,000. Finally, Mizuho Securities Co. Ltd. acquired a new position in shares of Bilibili in the second quarter worth $260,000. Institutional investors and hedge funds own 16.08% of the company’s stock.

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.