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

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Point72 Middle East FZE purchased a new stake in shares of Bilibili in the 2nd quarter valued at $25,000. PNC Financial Services Group Inc. lifted its stake in Bilibili by 382.2% in the first quarter. PNC Financial Services Group Inc. now owns 1,027 shares of the company’s stock worth $27,000 after purchasing an additional 814 shares during the last quarter. Ronald Blue Trust Inc. boosted its position in Bilibili by 79.1% during the third quarter. Ronald Blue Trust Inc. now owns 3,347 shares of the company’s stock valued at $51,000 after buying an additional 1,478 shares during the period. Mizuho Securities Co. Ltd. bought a new position in shares of Bilibili during the fourth quarter valued at about $55,000. Finally, Parallel Advisors LLC grew its stake in shares of Bilibili by 62.6% during the fourth quarter. Parallel Advisors LLC now owns 4,503 shares of the company’s stock valued at $55,000 after buying an additional 1,734 shares during the last quarter. 16.08% of the stock is currently owned by institutional investors.

Bilibili Price Performance

Shares of Bilibili stock opened at $10.99 on Wednesday. Bilibili has a 1 year low of $8.80 and a 1 year high of $21.92. The firm has a market cap of $4.53 billion, a PE ratio of -6.70 and a beta of 0.99. The company has a 50 day simple moving average of $10.87 and a two-hundred day simple moving average of $11.76.

Bilibili (NASDAQ:BILI) last released its earnings results on Thursday, March 7th. The company reported ($0.28) 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 firm had revenue of $881.13 million during the quarter, compared to the consensus estimate of $891.61 million. As a group, research analysts anticipate that Bilibili will post -0.54 earnings per share for the current year.

Wall Street Analyst Weigh In

BILI has been the subject of several recent research reports. Citigroup downgraded shares of Bilibili from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $18.00 to $12.50 in a research report on Monday, March 11th. Mizuho dropped their target price on Bilibili from $18.00 to $16.00 and set a “buy” rating on the stock in a report on Wednesday, January 17th. JPMorgan Chase & Co. upgraded Bilibili from an “underweight” rating to a “neutral” rating and upped their price target for the stock from $10.00 to $11.00 in a report on Monday, March 11th. Finally, Daiwa Capital Markets downgraded shares of Bilibili from a “buy” rating to a “neutral” rating in a report on Friday, January 19th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $15.26.

About Bilibili

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.