Bilibili Inc. Sponsored ADR (NASDAQ:BILI – Get Free Report) was the target of some unusual options trading on Thursday. Traders acquired 82,497 call options on the company. This is an increase of approximately 896% compared to the average daily volume of 8,281 call options.
Bilibili Price Performance
Shares of BILI traded down $1.25 during trading hours on Friday, reaching $19.07. 4,291,878 shares of the company’s stock traded hands, compared to its average volume of 2,400,044. Bilibili has a 12 month low of $17.66 and a 12 month high of $36.40. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.31. The stock has a market cap of $7.91 billion, a PE ratio of 50.19 and a beta of 0.79. The firm’s 50 day simple moving average is $23.47 and its 200-day simple moving average is $26.72.
Analysts Set New Price Targets
BILI has been the topic of a number of recent analyst reports. Citigroup raised shares of Bilibili from a “neutral” rating to a “buy” rating and set a $27.00 price target on the stock in a report on Friday, March 27th. Wall Street Zen cut shares of Bilibili from a “buy” rating to a “hold” rating in a research note on Sunday, April 26th. Morgan Stanley raised shares of Bilibili from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $25.00 to $31.00 in a report on Monday, April 13th. JPMorgan Chase & Co. upgraded shares of Bilibili from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $27.00 to $35.00 in a research note on Tuesday, March 17th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Bilibili in a report on Monday, April 20th. Nine investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $30.55.
Hedge Funds Weigh In On Bilibili
Institutional investors have recently made changes to their positions in the stock. Morgan Stanley raised its position in shares of Bilibili by 187.2% during the 4th quarter. Morgan Stanley now owns 3,846,849 shares of the company’s stock valued at $94,594,000 after buying an additional 2,507,321 shares in the last quarter. Step Capital Management Pte. Ltd. bought a new position in Bilibili in the fourth quarter valued at $24,590,000. SIH Partners LLLP increased its stake in Bilibili by 327.1% in the fourth quarter. SIH Partners LLLP now owns 1,021,800 shares of the company’s stock valued at $25,126,000 after acquiring an additional 782,540 shares during the last quarter. MY.Alpha Management HK Advisors Ltd purchased a new stake in Bilibili during the fourth quarter valued at about $16,620,000. Finally, Panagora Asset Management Inc. raised its position in Bilibili by 138.0% during the fourth quarter. Panagora Asset Management Inc. now owns 869,388 shares of the company’s stock valued at $21,378,000 after purchasing an additional 504,070 shares in the last quarter. Institutional investors own 16.08% of the company’s stock.
Bilibili Company Profile
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.
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