Bilibili Sees Unusually High Options Volume (NASDAQ:BILI) (2024)

Posted by matt on Apr 16th, 2024

Bilibili Inc. (NASDAQ:BILI – Get Free Report) was the recipient of some unusual options trading activity on Tuesday. Investors bought 21,079 put options on the stock. This represents an increase of approximately 16% compared to the average daily volume of 18,213 put options.

Analyst Ratings Changes

Several equities research analysts have recently commented on BILI shares. Mizuho decreased their price target on Bilibili from $18.00 to $16.00 and set a “buy” rating on the stock in a research note on Wednesday, January 17th. JPMorgan Chase & Co. upgraded shares of Bilibili from an “underweight” rating to a “neutral” rating and boosted their price objective for the stock from $10.00 to $11.00 in a research report on Monday, March 11th. Citigroup downgraded shares of Bilibili from a “buy” rating to a “neutral” rating and dropped their target price for the company from $18.00 to $12.50 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 issued a buy rating to the company. Based on data from MarketBeat.com, Bilibili currently has an average rating of “Hold” and an average target price of $15.26.

Read Our Latest Report on BILI

Institutional Trading of Bilibili

Large investors have recently bought and sold shares of the company. Artisan Partners Limited Partnership boosted its stake in shares of Bilibili by 3.9% in the third quarter. Artisan Partners Limited Partnership now owns 3,790,190 shares of the company’s stock valued at $52,191,000 after purchasing an additional 143,881 shares during the period. Morgan Stanley lifted its holdings in Bilibili by 47.6% in the 3rd quarter. Morgan Stanley now owns 3,174,384 shares of the company’s stock worth $43,711,000 after buying an additional 1,023,650 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in Bilibili by 184.3% in the 1st quarter. Renaissance Technologies LLC now owns 2,076,066 shares of the company’s stock worth $48,788,000 after buying an additional 1,345,900 shares in the last quarter. Bridgewater Associates LP grew its stake in shares of Bilibili by 48.6% during the first quarter. Bridgewater Associates LP now owns 1,099,588 shares of the company’s stock valued at $28,127,000 after acquiring an additional 359,842 shares in the last quarter. Finally, Bank of America Corp DE increased its position in shares of Bilibili by 7.2% during the first quarter. Bank of America Corp DE now owns 1,011,449 shares of the company’s stock worth $23,769,000 after acquiring an additional 68,042 shares during the last quarter. Institutional investors and hedge funds own 16.08% of the company’s stock.

Bilibili Trading Down 2.4 %

Shares of BILI stock traded down $0.27 on Tuesday, reaching $10.99. 1,237,562 shares of the stock were exchanged, compared to its average volume of 7,019,846. Bilibili has a 1-year low of $8.80 and a 1-year high of $21.92. The firm has a 50 day moving average of $10.87 and a two-hundred day moving average of $11.76.

Bilibili (NASDAQ:BILI – Get Free Report) last posted its earnings results on Thursday, March 7th. The company reported ($0.28) earnings per share for the quarter, missing the consensus estimate 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 business had revenue of $881.13 million for the quarter, compared to analyst estimates of $891.61 million. On average, equities research analysts expect that Bilibili will post -0.54 EPS for the current year.