Today Alibaba Group Holding Ltd Had High Bearish Options Activity

 Today Alibaba Group Holding Ltd Had High Bearish Options Activity

In today’s session Alibaba Group Holding Ltd (BABA) recorded an unusually high (2,467) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the October, 2016 put, expecting serious BABA decrease. With 2,467 contracts traded and 30214 open interest for the Oct, 16 contract, it seems this is a quite bearish bet. The option with symbol: BABA161021P00097000 closed last at: $0.38 or 25.5% down. About 4.80M shares traded hands. Alibaba Group Holding Ltd (NYSE:BABA) has risen 48.72% since March 1, 2016 and is uptrending. It has outperformed by 39.47% the S&P500.

Analysts await Alibaba Group Holding Ltd (NYSE:BABA) to report earnings on October, 25. They expect $0.43 earnings per share, up 13.16% or $0.05 from last year’s $0.38 per share. BABA’s profit will be $1.06 billion for 61.37 P/E if the $0.43 EPS becomes a reality. After $0.52 actual earnings per share reported by Alibaba Group Holding Ltd for the previous quarter, Wall Street now forecasts -17.31% negative EPS growth.

Alibaba Group Holding Ltd (NYSE:BABA) Ratings Coverage

Out of 31 analysts covering Alibaba (NYSE:BABA), 30 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 97% are positive. $138 is the highest target while $75 is the lowest. The $104.26 average target is -1.22% below today’s ($105.55) stock price. Alibaba has been the topic of 83 analyst reports since August 12, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating by Brean Capital given on Wednesday, October 28. The stock of Alibaba Group Holding Ltd (NYSE:BABA) earned “Buy” rating by Stifel Nicolaus on Thursday, September 10. The stock of Alibaba Group Holding Ltd (NYSE:BABA) earned “Buy” rating by Stifel Nicolaus on Thursday, September 22. As per Thursday, January 7, the company rating was initiated by Robert W. Baird. The stock has “Buy” rating given by Axiom Capital on Wednesday, October 28. As per Wednesday, August 31, the company rating was initiated by JP Morgan. The company was initiated on Monday, August 24 by Standpoint Research. The stock of Alibaba Group Holding Ltd (NYSE:BABA) earned “Overweight” rating by JP Morgan on Friday, August 12. The stock of Alibaba Group Holding Ltd (NYSE:BABA) has “Buy” rating given on Wednesday, August 12 by Nomura. The firm earned “Buy” rating on Wednesday, August 26 by M Partners.

Alibaba Group Holding Limited is a holding company. The company has a market cap of $260.11 billion. The Firm is engaged in online and mobile commerce through offering of products, services and technology that enable merchants, brands and other businesses to transform the way they market, sell and operate in the People’s Republic of China and internationally. It has a 37.4 P/E ratio. It operates through the provision of online and mobile commerce and related services segment.

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