From Nasdaq:

A large block of Put contracts in Alibaba Group Holding Limited – Depositary Receipt was sold, with an unusually high premium spent, placing it in the 99.98th percentile of all recent large trades made in BABA options. This trade was first picked up on Fintel’s real time Options Flow tool, where unusual option trades are highlighted.

There are 1963 funds or institutions reporting positions in BABA, an increase of 405 owners or 25.99% in the last quarter. The average portfolio weight is 1.14% and total shares owned by institutions increased by 152.23% to 1,123,422K shares. The put/call ratio of BABA is 0.39, indicating a bullish outlook.

As of December 16, 2023, the average one-year price target for BABA is 128.43. The forecasts range from a low of 87.87 to a high of $165.90, representing an increase of 67.69% from its latest reported closing price of 76.59.

Fund ownership in Alibaba Group Holding Limited has seen changes, and many funds are adjusting their portfolio allocations in BABA accordingly. Some funds have decreased their portfolio allocation in BABA, while others have increased it in the last quarter.

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



Read more: Unusual Put Option Trade in Alibaba Group Holding Limited – Depositary Receipt () (BABA) Worth $10,646.60K