Bilibili Sees Unusually High Options Volume (BILI)

Bilibili Inc – (NASDAQ:BILI) was the target of unusually large options trading activity on Tuesday. Stock investors bought 5,885 put options on the stock. This represents an increase of 1,019% compared to the average daily volume of 526 put options.

Several brokerages have commented on BILI. Zacks Investment Research lowered shares of Bilibili from a “hold” rating to a “sell” rating in a report on Tuesday, October 16th. Morgan Stanley lowered shares of Bilibili from an “overweight” rating to an “equal weight” rating and lowered their price objective for the stock from $13.50 to $11.00 in a report on Monday, September 24th. JPMorgan Chase & Co. lowered their price objective on shares of Bilibili from $16.00 to $14.00 and set an “overweight” rating for the company in a report on Wednesday, August 29th. Finally, Bank of America lowered their price objective on shares of Bilibili from $17.30 to $15.00 and set a “buy” rating for the company in a report on Tuesday, September 11th.

Institutional investors and hedge funds have recently modified their holdings of the business. TB Alternative Assets Ltd. purchased a new stake in Bilibili in the second quarter worth about $17,916,000. Glen Harbor Capital Management LLC purchased a new stake in Bilibili in the second quarter worth about $105,000. IFP Advisors Inc purchased a new stake in Bilibili in the second quarter worth about $351,000. BlackRock Inc. purchased a new stake in Bilibili in the first quarter worth about $4,401,000. Finally, Wells Fargo & Company MN increased its stake in shares of Bilibili by 73.0% during the second quarter. Wells Fargo & Company MN now owns 4,258,279 shares of the company’s stock valued at $59,573,000 after purchasing an additional 1,797,067 shares in the last quarter. Institutional investors and hedge funds own 10.54% of the company’s stock.

Shares of BILI opened at $14.91 on Wednesday. Bilibili has a one year low of $9.09 and a one year high of $22.70.

Bilibili (NASDAQ:BILI) last issued its quarterly earnings data on Monday, August 27th. The company reported ($0.07) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.03) by ($0.04). The business had revenue of $155.10 million for the quarter, compared to analyst estimates of $142.41 million. During the same period in the previous year, the business earned ($3.03) EPS. Bilibili’s revenue for the quarter was up 76.1% compared to the same quarter last year. As a group, analysts expect that Bilibili will post -0.39 EPS for the current fiscal year.

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Bilibili Company Profile

Bilibili Inc provides online entertainment services for the young generations in the People's Republic of China. It offers a platform that covers a range of genres and media formats, including videos, live broadcasting, and mobile games. The company was founded in 2009 and is headquartered in Shanghai, the People's Republic of China.

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