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

Bilibili Inc. Sponsored ADR (NASDAQ:BILI) was the target of unusually large options trading activity on Wednesday. Investors bought 18,822 put options on the company. This represents an increase of 130% compared to the average daily volume of 8,195 put options.

Bilibili Stock Performance

BILI stock traded down $1.10 during trading on Wednesday, reaching $25.66. The company had a trading volume of 1,694,230 shares, compared to its average volume of 2,960,996. The company has a market cap of $10.73 billion, a price-to-earnings ratio of 67.55 and a beta of 0.75. Bilibili has a twelve month low of $14.47 and a twelve month high of $36.40. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.64 and a current ratio of 1.36. The firm has a 50-day simple moving average of $30.09 and a 200-day simple moving average of $27.76.

Wall Street Analysts Forecast Growth

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

Institutional Trading of Bilibili

Large investors have recently added to or reduced their stakes in the company. MY.Alpha Management HK Advisors Ltd purchased a new position in shares of Bilibili in the fourth quarter worth about $16,620,000. Hsbc Holdings PLC increased its holdings in Bilibili by 535.7% in the 4th quarter. Hsbc Holdings PLC now owns 60,229 shares of the company’s stock worth $1,483,000 after buying an additional 50,754 shares during the period. Compound Planning Inc. raised its position in Bilibili by 20.3% during the 4th quarter. Compound Planning Inc. now owns 9,608 shares of the company’s stock worth $236,000 after buying an additional 1,624 shares during the last quarter. XTX Topco Ltd purchased a new position in Bilibili during the 4th quarter worth approximately $766,000. Finally, Voloridge Investment Management LLC acquired a new stake in Bilibili during the 4th quarter valued at approximately $954,000. Hedge funds and other institutional investors own 16.08% of the company’s stock.

About Bilibili

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.