Investing

Unusual Put Option Trade in Alibaba Worth $15,939.00K

Fintel Staff

Published: February 16, 2023 3:30 am

Last Updated: February 16, 2023 10:31 am

On February 15, 2023 at 12:39:55 (ET) an unusually large $15,939.00K block of Put contracts in Alibaba Group Holding Limited ADR (BABA) was bought, with a strike price of $195.00 / share, expiring in 121 days (on June 16, 2023). Fintel tracks all large options trades, and the premium spent on this trade was 3.13 sigmas above the mean, placing it in the 99.91 percentile of all recent large trades made in BABA options.

Analyst Price Forecast Suggests 40.11% Upside

As of February 15, 2023, the average one-year price target for Alibaba Group Holding Limited ADR is $146.02. The forecasts range from a low of $64.64 to a high of $231.00. The average price target represents an increase of 40.11% from its latest reported closing price of $104.22.

The projected annual revenue for Alibaba Group Holding Limited ADR is $893,917MM, an increase of 4.02%. The projected annual EPS is $53.82, an increase of 953.68%.

What is the Fund Sentiment?

There are 1656 funds or institutions reporting positions in Alibaba Group Holding Limited ADR. This is a decrease of 36 owner(s) or 2.13% in the last quarter. Average portfolio weight of all funds dedicated to BABA is 0.98%, a decrease of 10.82%. Total shares owned by institutions decreased in the last three months by 0.10% to 490,214K shares. The put/call ratio of BABA is 0.52, indicating a bullish outlook.

What are large shareholders doing?

Goldman Sachs Group holds 21,581K shares representing 0.82% ownership of the company. In it’s prior filing, the firm reported owning 24,903K shares, representing a decrease of 15.39%. The firm decreased its portfolio allocation in BABA by 7.60% over the last quarter.

Primecap Management holds 17,279K shares representing 0.65% ownership of the company. In it’s prior filing, the firm reported owning 17,386K shares, representing a decrease of 0.62%. The firm decreased its portfolio allocation in BABA by 99.90% over the last quarter.

Dodge & Cox holds 13,979K shares representing 0.53% ownership of the company. In it’s prior filing, the firm reported owning 14,174K shares, representing a decrease of 1.40%. The firm decreased its portfolio allocation in BABA by 1.71% over the last quarter.

Hsbc Holdings holds 13,086K shares representing 0.49% ownership of the company. In it’s prior filing, the firm reported owning 13,413K shares, representing a decrease of 2.50%. The firm decreased its portfolio allocation in BABA by 85.68% over the last quarter.

JOHIX – JOHCM International Select Fund Institutional Shares holds 11,630K shares representing 0.44% ownership of the company. In it’s prior filing, the firm reported owning 12,935K shares, representing a decrease of 11.23%. The firm decreased its portfolio allocation in BABA by 17.00% over the last quarter.

Alibaba Group Holding Background Information
(This description is provided by the company.)

Alibaba Group’s mission is to make it easy to do business anywhere. The company aims to build the future infrastructure of commerce. It envisions that its customers will meet, work and live at Alibaba, and that it will be a good company that lasts for 102 years.

This article originally appeared on Fintel