What’s Next for Alibaba Group Holding Ltd After Today’s Bullish Options Activity?

 What's Next for Alibaba Group Holding Ltd After Today's Bullish Options Activity?

In today’s session Alibaba Group Holding Ltd (BABA) registered an unusually high (600) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the December, 2016 call, expecting serious BABA increase. With 600 contracts traded and 1114 open interest for the Dec, 16 contract, it seems this is a quite bullish bet. The option with symbol: BABA161216C00097500 closed last at: $4.15 or 43.9% down. About 4.50M shares traded hands. Alibaba Group Holding Ltd (NYSE:BABA) has risen 26.19% since April 5, 2016 and is uptrending. It has outperformed by 24.23% the S&P500.

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 $105.95 average target is 5.91% above today’s ($100.04) stock price. Alibaba has been the topic of 87 analyst reports since August 12, 2015 according to StockzIntelligence Inc. The stock of Alibaba Group Holding Ltd (NYSE:BABA) earned “Buy” rating by Standpoint Research on Thursday, January 21. The firm has “Overweight” rating by Atlantic Securities given on Thursday, August 13. The firm has “Strong Sell” rating by Zacks given on Tuesday, September 1. On Monday, April 25 the stock rating was maintained by Deutsche Bank with “Buy”. The stock of Alibaba Group Holding Ltd (NYSE:BABA) has “Overweight” rating given on Tuesday, June 28 by Morgan Stanley. The stock of Alibaba Group Holding Ltd (NYSE:BABA) earned “Buy” rating by Citigroup on Friday, August 12. TH Capital maintained Alibaba Group Holding Ltd (NYSE:BABA) on Friday, August 14 with “Hold” rating. Cantor Fitzgerald maintained the shares of BABA in a report on Wednesday, September 9 with “Buy” rating. The stock of Alibaba Group Holding Ltd (NYSE:BABA) earned “Overweight” rating by Morgan Stanley on Saturday, August 29. The firm has “Buy” rating by Deutsche Bank given on Thursday, March 24.

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 $241.03 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 35.9 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: What Is Holding Back BABA Stock?” on November 02, 2016, also Profitconfidential.com with their article: “Alibaba Group Holding Ltd: Why BABA Stock could Surge” published on October 28, 2016, Valuewalk.com published: “Alibaba Group Holding Ltd Shares Jump After Earnings Beat” on November 02, 2016. More interesting news about Alibaba Group Holding Ltd (NYSE:BABA) were released by: Seekingalpha.com and their article: “Will Alibaba Fall Again This Single’s Day?” published on November 06, 2016 as well as Investorplace.com‘s news article titled: “Thursday’s Vital Data: Facebook Inc (FB), Alibaba Group Holdings Ltd (BABA …” with publication date: November 03, 2016.

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