Alibaba Group Sees Unusually Large Options Volume (NYSE:BABA)

Alibaba Group Holding Limited (NYSE:BABA) saw some unusual options trading on Thursday. Stock traders acquired 219,447 call options on the stock. This represents an increase of 21% compared to the typical daily volume of 180,935 call options.

Institutional Investors Weigh In On Alibaba Group

Several large investors have recently bought and sold shares of the company. Fiduciary Alliance LLC lifted its holdings in shares of Alibaba Group by 154.1% during the 1st quarter. Fiduciary Alliance LLC now owns 55,229 shares of the specialty retailer’s stock valued at $4,052,000 after purchasing an additional 33,490 shares in the last quarter. Russell Investments Group Ltd. boosted its holdings in shares of Alibaba Group by 2.2% in the fourth quarter. Russell Investments Group Ltd. now owns 992,784 shares of the specialty retailer’s stock valued at $76,951,000 after buying an additional 21,228 shares during the period. CANADA LIFE ASSURANCE Co increased its position in shares of Alibaba Group by 462.5% during the first quarter. CANADA LIFE ASSURANCE Co now owns 169,220 shares of the specialty retailer’s stock worth $12,275,000 after acquiring an additional 139,134 shares in the last quarter. SRN Advisors LLC raised its holdings in shares of Alibaba Group by 76.7% during the first quarter. SRN Advisors LLC now owns 22,259 shares of the specialty retailer’s stock worth $1,611,000 after acquiring an additional 9,663 shares during the period. Finally, ORG Partners LLC lifted its position in Alibaba Group by 52,685.7% in the 1st quarter. ORG Partners LLC now owns 11,085 shares of the specialty retailer’s stock valued at $813,000 after acquiring an additional 11,064 shares in the last quarter. Institutional investors own 13.47% of the company’s stock.

Alibaba Group Trading Up 0.0 %

Shares of Alibaba Group stock traded up $0.02 during trading on Thursday, reaching $79.49. 28,389,205 shares of the company were exchanged, compared to its average volume of 16,636,555. Alibaba Group has a twelve month low of $66.63 and a twelve month high of $96.68. The business has a 50-day moving average price of $76.55 and a 200-day moving average price of $75.85. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $201.71 billion, a price-to-earnings ratio of 18.97, a P/E/G ratio of 0.48 and a beta of 0.32.

Alibaba Group (NYSE:BABA) last announced its quarterly earnings results on Tuesday, May 14th. The specialty retailer reported $1.05 EPS for the quarter, beating analysts’ consensus estimates of $0.92 by $0.13. Alibaba Group had a return on equity of 12.70% and a net margin of 8.44%. The company had revenue of $30.73 billion during the quarter, compared to analysts’ expectations of $30.59 billion. Sell-side analysts anticipate that Alibaba Group will post 6.96 EPS for the current fiscal year.

Wall Street Analyst Weigh In

BABA has been the topic of several recent analyst reports. Truist Financial reduced their target price on shares of Alibaba Group from $113.00 to $110.00 and set a “buy” rating on the stock in a research note on Wednesday, May 15th. Citigroup decreased their price objective on shares of Alibaba Group from $124.00 to $122.00 and set a “buy” rating on the stock in a research note on Wednesday, May 15th. Barclays cut their target price on shares of Alibaba Group from $109.00 to $107.00 and set an “overweight” rating for the company in a research note on Thursday, May 16th. Bank of America increased their price target on Alibaba Group from $103.00 to $106.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, Benchmark reiterated a “buy” rating and issued a $118.00 price objective on shares of Alibaba Group in a research report on Wednesday, May 15th. Two equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $109.28.

Alibaba Group Company Profile

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.