On March 8, 2023 at 13:09:45 ET an unusually large $15,134.00K block of Put contracts in Alibaba Group Holding Limited ADR (BABA) was bought, with a strike price of $195.00 / share, expiring in 100 days (on June 16, 2023). Fintel tracks all large options trades, and the premium spent on this trade was 3.08 sigmas above the mean, placing it in the 99.88 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 all large block option trades are tracked.

Analyst Price Forecast Suggests 67.16% Upside

As of March 7, 2023, the average one-year price target for Alibaba Group Holding Limited ADR is $148.32. The forecasts range from a low of $95.95 to a high of $231.00. The average price target represents an increase of 67.16% from its latest reported closing price of $88.73.

What is the Fund Sentiment?

There are 1651 funds or institutions reporting positions in Alibaba Group Holding Limited ADR. This is a decrease of 7 owner(s) or 0.42% in the last quarter. Average portfolio weight of all funds dedicated to BABA is 0.99%, a decrease of 3.59%. Total shares owned by institutions increased in the last three months by 2.16% to 496,980K shares. The put/call ratio of BABA is 0.50, indicating a bullish outlook.

What are large shareholders doing?

Goldman Sachs Group holds 21,581K shares representing 0.83% 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 0.67% ownership of the company. In it’s prior filing, the firm reported owning 17,386K shares, representing a decrease of 0.62%. The firm increased its portfolio allocation in BABA by 3.55% over the last quarter.

Dodge & Cox holds 13,979K shares representing 0.54% 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 0.51% 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 0.45% 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