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Unusual Put Option Trade in Alibaba Worth $20,310K
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On April 19, 2023 at 13:01:28 ET an unusually large $20,310.00K block of Put contracts in Alibaba Group Holding Ltd – ADR (BABA) was sold, with a strike price of $195.00 / share, expiring in 58 day(s) (on June 16, 2023). Fintel tracks all large options trades, and the premium spent on this trade was 4.77 sigmas above the mean, placing it in the 100.00th percentile of all recent large trades made in BABA options.
This trade was first picked up on Fintel’s real time Unusual Option Trades tool, where unusual option trades are highlighted.
What is the Fund Sentiment?
There are 1593 funds or institutions reporting positions in Alibaba Group Holding Ltd – ADR. This is a decrease of 49 owner(s) or 2.98% in the last quarter. Average portfolio weight of all funds dedicated to BABA is 1.02%, a decrease of 0.17%. Total shares owned by institutions decreased in the last three months by 3.14% to 468,457K shares. The put/call ratio of BABA is 0.49, indicating a bullish outlook.
Analyst Price Forecast Suggests 55.55% Upside
As of April 6, 2023, the average one-year price target for Alibaba Group Holding Ltd – ADR is $148.53. The forecasts range from a low of $99.99 to a high of $231.00. The average price target represents an increase of 55.55% from its latest reported closing price of $95.49.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Alibaba Group Holding Ltd – ADR is $991,825MM, an increase of 14.72%. The projected annual non-GAAP EPS is $62.78.
What are Other Shareholders Doing?
Krilogy Financial holds 3K shares representing 0.00% ownership of the company. In it’s prior filing, the firm reported owning 3K shares, representing a decrease of 6.97%. The firm decreased its portfolio allocation in BABA by 58.73% over the last quarter.
Greytown Advisors holds 12K shares representing 0.00% ownership of the company. In it’s prior filing, the firm reported owning 12K shares, representing a decrease of 0.86%. The firm decreased its portfolio allocation in BABA by 99.90% over the last quarter.
Thomas White International holds 87K shares representing 0.00% ownership of the company. In it’s prior filing, the firm reported owning 110K shares, representing a decrease of 26.63%. The firm decreased its portfolio allocation in BABA by 18.31% over the last quarter.
Baader Bank holds 10K shares representing 0.00% ownership of the company. In it’s prior filing, the firm reported owning 10K shares, representing an increase of 1.90%. The firm decreased its portfolio allocation in BABA by 36.17% over the last quarter.
Newlands Management Operations holds 270K shares representing 0.01% ownership of the company.
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.
See all Alibaba Group Holding Ltd – ADR regulatory filings.
This article originally appeared on Fintel
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