In today’s session Alibaba Group Holding Ltd (BABA) recorded an unusually high (3,030) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the January, 2018 put, expecting serious BABA decrease. With 3,030 contracts traded and 14684 open interest for the Jan, 18 contract, it seems this is a quite bearish bet. The option with symbol: BABA180119P00087500 closed last at: $9.55 or 2.7% up. About 8.89 million shares traded hands. Alibaba Group Holding Ltd (NYSE:BABA) has risen 17.97% since April 25, 2016 and is uptrending. It has outperformed by 11.96% the S&P500.
Analysts await Alibaba Group Holding Ltd (NYSE:BABA) to report earnings on January, 26. They expect $0.85 earnings per share, up 16.44% or $0.12 from last year’s $0.73 per share. BABA’s profit will be $2.10B for 27.70 P/E if the $0.85 EPS becomes a reality. After $0.63 actual earnings per share reported by Alibaba Group Holding Ltd for the previous quarter, Wall Street now forecasts 34.92% 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 87 analyst reports since August 12, 2015 according to StockzIntelligence Inc. The firm has “Outperform” rating by Credit Suisse given on Friday, May 6. The stock of Alibaba Group Holding Ltd (NYSE:BABA) has “Overweight” rating given on Tuesday, June 28 by Morgan Stanley. The firm has “Hold” rating by TH Capital given on Friday, August 14. Needham maintained it with “Buy” rating and $125 target price in Thursday, October 20 report. The firm earned “Buy” rating on Friday, August 12 by Brean Capital. The firm earned “Outperform” rating on Friday, August 12 by Macquarie Research. Raymond James upgraded the shares of BABA in a report on Friday, August 12 to “Strong Buy” rating. As per Wednesday, October 28, the company rating was maintained by Wedbush. As per Saturday, August 22, the company rating was maintained by JP Morgan. The rating was maintained by Daiwa Securities with “Buy” on Wednesday, September 28.
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 $232.92 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 50.43 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 recent Alibaba Group Holding Ltd (NYSE:BABA) news were published by: Profitconfidential.com which released: “BABA Stock: Alibaba Group Holding Ltd’s $1.0-Billion Surprise” on November 23, 2016. Also Profitconfidential.com published the news titled: “Alibaba Group Holding Ltd: BABA Stock Is Misunderstood” on November 12, 2016. Profitconfidential.com‘s news article titled: “Alibaba Group Holding Ltd: What Is Holding Back BABA Stock?” with publication date: November 02, 2016 was also an interesting one.
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