Stock Traders Buy High Volume of Call Options on Bilibili (NASDAQ:BILI)

Bilibili Inc. Sponsored ADR (NASDAQ:BILI) was the target of some unusual options trading on Wednesday. Traders purchased 36,178 call options on the company. This represents an increase of 67% compared to the average daily volume of 21,604 call options.

Bilibili Price Performance

BILI stock opened at $20.78 on Thursday. The firm has a 50 day moving average of $18.59 and a 200-day moving average of $18.79. Bilibili has a 12-month low of $12.72 and a 12-month high of $31.77. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.23. The company has a market cap of $8.69 billion, a price-to-earnings ratio of -103.89 and a beta of 0.89.

Institutional Investors Weigh In On Bilibili

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. SVB Wealth LLC acquired a new position in Bilibili in the 1st quarter valued at $31,000. Federated Hermes Inc. purchased a new stake in Bilibili during the 4th quarter worth $55,000. FNY Investment Advisers LLC purchased a new stake in Bilibili during the 1st quarter worth $57,000. Brooklyn Investment Group boosted its position in Bilibili by 10,989.7% during the 1st quarter. Brooklyn Investment Group now owns 3,216 shares of the company’s stock worth $61,000 after purchasing an additional 3,187 shares during the period. Finally, Banque Transatlantique SA purchased a new position in Bilibili in the 1st quarter valued at about $80,000. Hedge funds and other institutional investors own 16.08% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on BILI. HSBC upgraded Bilibili from a “hold” rating to a “buy” rating and increased their price objective for the stock from $21.50 to $22.50 in a research report on Wednesday, May 21st. Hsbc Global Res upgraded Bilibili to a “strong-buy” rating in a research report on Wednesday, May 21st. Finally, Wall Street Zen upgraded Bilibili from a “hold” rating to a “buy” rating in a research note on Saturday, May 24th. Three equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, Bilibili has a consensus rating of “Moderate Buy” and an average target price of $21.62.

Bilibili Company Profile

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.