Is Selling Alibaba Group Holding Ltd Here a Winning Strategy? Option Traders Hate The Stock

 Is Selling Alibaba Group Holding Ltd Here a Winning Strategy? Option Traders Hate The Stock

In today’s session Alibaba Group Holding Ltd (BABA) recorded an unusually high (3,406) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the April, 2017 put, expecting serious BABA decrease. With 3,406 contracts traded and 17534 open interest for the Apr, 17 contract, it seems this is a quite bearish bet. The option with symbol: BABA170421P00080000 closed last at: $2.58 or 16.8% down. About 1.81 million shares traded hands. Alibaba Group Holding Ltd (NYSE:BABA) has risen 19.06% since April 18, 2016 and is uptrending. It has outperformed by 14.63% 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. Alibaba has been the topic of 87 analyst reports since August 12, 2015 according to StockzIntelligence Inc. Credit Suisse maintained Alibaba Group Holding Ltd (NYSE:BABA) rating on Friday, August 12. Credit Suisse has “Outperform” rating and $122 price target. The firm has “Strong Buy” rating given on Friday, August 12 by Raymond James. The rating was upgraded by Standpoint Research to “Buy” on Thursday, January 21. The stock of Alibaba Group Holding Ltd (NYSE:BABA) has “Neutral” rating given on Wednesday, October 28 by Wedbush. Brean Capital maintained it with “Buy” rating and $115 target price in Friday, August 12 report. The firm earned “Buy” rating on Thursday, September 10 by Stifel Nicolaus. The rating was maintained by Goldman Sachs with “Buy” on Friday, August 12. On Wednesday, October 28 the stock rating was maintained by Brean Capital with “Buy”. The firm has “Outperform” rating given on Wednesday, October 28 by Oppenheimer. The rating was maintained by Needham with “Buy” on Thursday, October 20.

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 $235.63 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 50.04 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: Investorplace.com which released: “Alibaba Group Holding Ltd (BABA) Stock Looks Ready to Rebound” on November 17, 2016, also Profitconfidential.com with their article: “Alibaba Group Holding Ltd: BABA Stock Is Misunderstood” published on November 12, 2016, Valuewalk.com published: “Alibaba Group Holding Ltd Has A Secret To Turn Rich Shoppers Into Marketing Squad” on November 18, 2016. More interesting news about Alibaba Group Holding Ltd (NYSE:BABA) were released by: Profitconfidential.com and their article: “Alibaba Group Holding Ltd: Why BABA Stock could Surge” published on October 28, 2016 as well as Profitconfidential.com‘s news article titled: “Alibaba Group Holding Ltd: What Is Holding Back BABA Stock?” with publication date: November 02, 2016.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Tags: , ,

Related posts

Leave a Comment