How Analysts Feel About Alibaba Group Holding Ltd After Today’s Bearish Options Activity?

 How Analysts Feel About Alibaba Group Holding Ltd After Today's Bearish Options Activity?

In today’s session Alibaba Group Holding Ltd (BABA) recorded an unusually high (2,158) 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 2,158 contracts traded and 27514 open interest for the Oct, 16 contract, it seems this is a quite bearish bet. The option with symbol: BABA161021P00096500 closed last at: $0.34 or 61.9% up. About 5.36M shares traded hands. Alibaba Group Holding Ltd (NYSE:BABA) has risen 38.85% since March 14, 2016 and is uptrending. It has outperformed by 33.24% the S&P500.

Analysts await Alibaba Group Holding Ltd (NYSE:BABA) to report earnings on October, 25. They expect $0.43 EPS, up 13.16% or $0.05 from last year’s $0.38 per share. BABA’s profit will be $1.06B for 59.95 P/E if the $0.43 EPS becomes a reality. After $0.52 actual EPS 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. Alibaba has been the topic of 83 analyst reports since August 12, 2015 according to StockzIntelligence Inc. The rating was downgraded by Wedbush to “Neutral” on Wednesday, August 12. Brean Capital maintained Alibaba Group Holding Ltd (NYSE:BABA) on Friday, January 29 with “Buy” rating. JP Morgan maintained Alibaba Group Holding Ltd (NYSE:BABA) rating on Saturday, August 22. JP Morgan has “Overweight” rating and $96 price target. The firm has “Strong Buy” rating by Raymond James given on Friday, August 12. The rating was maintained by RBC Capital Markets with “Outperform” on Friday, January 29. The stock has “Buy” rating given by Deutsche Bank on Thursday, March 24. The stock of Alibaba Group Holding Ltd (NYSE:BABA) has “Buy” rating given on Friday, April 15 by Needham. The firm earned “Buy” rating on Monday, September 14 by Axiom Capital. On Friday, August 12 the stock rating was maintained by Goldman Sachs with “Buy”. The stock of Alibaba Group Holding Ltd (NYSE:BABA) earned “Buy” rating by Goldman Sachs on Tuesday, June 21.

According to Zacks Investment Research, “Alibaba Group Holding Limited operates online and mobile marketplaces in retail and wholesale trade, as well as cloud computing and other services. It provides technology and services to enable consumers, merchants, and other participants to conduct commerce in its ecosystem. The Company operates Taobao Marketplace, an online shopping destination; Tmall, a third-party platform for brands and retailers; Juhuasuan, a group buying marketplace; Alibaba.com, an online business-to-business marketplace; 1688.com, an online wholesale marketplace; and AliExpress, a consumer marketplace. Alibaba Group Holding Limited is headquartered in Hangzhou, the People’s Republic of China.”

Alibaba Group Holding Limited is a holding company. The company has a market cap of $254.34 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 36.86 P/E ratio. It operates through the provision of online and mobile commerce and related services segment.

BABA Company Profile

Alibaba Group Holding Limited, incorporated on June 28, 1999, is a holding company. The Firm is principally 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 (the PRC or China) and internationally. It operates through the provision of online and mobile commerce and related services segment. The Firm provides retail and wholesale marketplaces available through both personal computer and mobile interfaces in the PRC and internationally. Retail marketplaces and services operated by the Company include the China online shopping destination (Taobao Marketplace); the China brands and retail platform (Tmall); the China group buying site that offers products by aggregating demand from clients through limited time discounted sales (Juhuasuan), and the global consumer marketplace targeting clients around the world (AliExpress). Wholesale marketplaces operated by the Company include the online China wholesale marketplace (1688.com) and the online business-to-business marketplace that focuses on global trade among businesses from around the world (Alibaba.com).

More notable recent Alibaba Group Holding Ltd (NYSE:BABA) news were published by: Profitconfidential.com which released: “Alibaba Group Holding Ltd: BABA Stock Bears are Eyeing This” on October 08, 2016, also Investorplace.com with their article: “How To Make Money From Alibaba Group Holding Ltd Stock As It Surges (BABA)” published on October 12, 2016, Profitconfidential.com published: “BABA Stock: Bears are Wrong on Alibaba Group Holding Ltd” on September 25, 2016. More interesting news about Alibaba Group Holding Ltd (NYSE:BABA) were released by: Investorplace.com and their article: “Alibaba Group Holding Ltd Drops – Pick Your Poison (BABA)” published on September 29, 2016 as well as Investorplace.com‘s news article titled: “Will Alibaba Group Holding Ltd Hit A New All-Time High? (BABA)” with publication date: September 20, 2016.

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