Investors Buy Large Volume of Put Options on Alibaba Group (NYSE:BABA)

Alibaba Group Holding Limited (NYSE:BABAGet Rating) was the target of unusually large options trading on Wednesday. Investors acquired 418,900 put options on the company. This represents an increase of 52% compared to the typical daily volume of 275,299 put options.

Wall Street Analyst Weigh In

Several research firms recently commented on BABA. Citigroup lowered their target price on Alibaba Group from $176.00 to $172.00 and set a “buy” rating on the stock in a research report on Tuesday, July 5th. JPMorgan Chase & Co. raised their target price on Alibaba Group from $130.00 to $140.00 and gave the company an “overweight” rating in a research report on Tuesday, July 5th. Truist Financial raised their target price on Alibaba Group from $132.00 to $145.00 and gave the company a “buy” rating in a research report on Tuesday, May 31st. Sanford C. Bernstein upgraded Alibaba Group from a “market perform” rating to an “outperform” rating and raised their target price for the company from $115.00 to $130.00 in a research report on Tuesday, July 19th. Finally, Barclays lowered their target price on Alibaba Group from $170.00 to $161.00 and set an “overweight” rating on the stock in a research report on Friday, May 27th. Three investment analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $166.53.

Alibaba Group Stock Down 4.9 %

Shares of Alibaba Group stock opened at $81.60 on Thursday. Alibaba Group has a 12-month low of $73.28 and a 12-month high of $182.09. The company has a quick ratio of 1.72, a current ratio of 1.72 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $216.09 billion, a P/E ratio of 45.33, a PEG ratio of 1.48 and a beta of 0.55. The stock has a 50 day moving average price of $94.13 and a two-hundred day moving average price of $98.57.

Alibaba Group (NYSE:BABAGet Rating) last released its quarterly earnings data on Thursday, August 4th. The specialty retailer reported $1.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.57. Alibaba Group had a return on equity of 10.03% and a net margin of 3.69%. The firm had revenue of $30.69 billion during the quarter, compared to analyst estimates of $31.15 billion. Equities analysts expect that Alibaba Group will post 6.32 earnings per share for the current year.

Institutional Investors Weigh In On Alibaba Group

Several hedge funds have recently bought and sold shares of the company. Diversified Trust Co grew its position in Alibaba Group by 3.5% in the second quarter. Diversified Trust Co now owns 2,758 shares of the specialty retailer’s stock valued at $314,000 after purchasing an additional 93 shares in the last quarter. Savant Capital LLC raised its stake in Alibaba Group by 4.3% in the 2nd quarter. Savant Capital LLC now owns 2,377 shares of the specialty retailer’s stock worth $270,000 after purchasing an additional 99 shares in the last quarter. Global Wealth Management Investment Advisory Inc. raised its stake in Alibaba Group by 74.1% in the 4th quarter. Global Wealth Management Investment Advisory Inc. now owns 235 shares of the specialty retailer’s stock worth $28,000 after purchasing an additional 100 shares in the last quarter. Arlington Partners LLC increased its holdings in Alibaba Group by 35.1% in the 1st quarter. Arlington Partners LLC now owns 385 shares of the specialty retailer’s stock valued at $42,000 after buying an additional 100 shares during the period. Finally, Clarus Group Inc. lifted its holdings in shares of Alibaba Group by 5.0% during the 2nd quarter. Clarus Group Inc. now owns 2,085 shares of the specialty retailer’s stock worth $237,000 after acquiring an additional 100 shares during the period. 14.81% of the stock is currently owned by institutional investors and hedge funds.

About Alibaba Group

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Alibaba Group Holding Limited, through its subsidiaries, provides technology infrastructure and marketing reach to help merchants, brands, retailers, and other businesses to engage with their users and customers in the People's Republic of China and internationally. The company operates through seven segments: China Commerce, International Commerce, Local Consumer Services, Cainiao, Cloud, Digital Media and Entertainment, and Innovation Initiatives and Others.

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