Alibaba Group (NYSE:BABA) Shares Bought Rep. Robert Bresnahan, Jr.

Representative Robert Bresnahan, Jr. (R-Pennsylvania) recently bought shares of Alibaba Group Holding Limited NYSE: BABA. In a filing disclosed on March 27th, the Representative disclosed that they had bought between $1,001 and $15,000 in Alibaba Group stock on March 3rd. The trade occurred in the Representative's "JP MORGAN BROKERAGE ACCOUNT #2" account.

Representative Robert Bresnahan, Jr. also recently made the following trade(s):

• Purchased $1,001 - $15,000 in shares of Intuit NASDAQ: INTU on 3/7/2025.
• Sold $1,001 - $15,000 in shares of Tesla NASDAQ: TSLA on 3/6/2025.
• Purchased $1,001 - $15,000 in shares of SEA NYSE: SE on 3/5/2025.
• Sold $1,001 - $15,000 in shares of Credo Technology Group NASDAQ: CRDO on 3/4/2025.
• Purchased $1,001 - $15,000 in shares of Meta Platforms NASDAQ: META on 3/4/2025.
• Purchased $1,001 - $15,000 in shares of Twilio NYSE: TWLO on 3/4/2025.
• Sold $15,001 - $50,000 in shares of Alibaba Group NYSE: BABA on 3/4/2025.
• Purchased $1,001 - $15,000 in shares of Zoom Video Communications NASDAQ: ZM on 3/4/2025.
• Purchased $1,001 - $15,000 in shares of Intel NASDAQ: INTC on 3/3/2025.
• Purchased $1,001 - $15,000 in shares of Snowflake NYSE: SNOW on 3/3/2025.

Alibaba Group Trading Up 0.2 %

Shares of BABA stock traded up $0.20 during trading hours on Monday, reaching $132.63. 8,110,539 shares of the stock were exchanged, compared to its average volume of 19,413,487. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.19. Alibaba Group Holding Limited has a 12-month low of $68.36 and a 12-month high of $148.43. The firm has a market capitalization of $315.13 billion, a price-to-earnings ratio of 19.13, a price-to-earnings-growth ratio of 0.61 and a beta of 0.28. The company's 50-day moving average price is $121.60 and its 200-day moving average price is $102.70.

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Alibaba Group (NYSE:BABA - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The specialty retailer reported $2.77 earnings per share for the quarter, missing analysts' consensus estimates of $2.84 by ($0.07). Alibaba Group had a return on equity of 12.89% and a net margin of 12.29%. The business had revenue of $38.38 billion during the quarter, compared to analysts' expectations of $38.19 billion. As a group, equities analysts anticipate that Alibaba Group Holding Limited will post 7.86 earnings per share for the current year.

Institutional Trading of Alibaba Group

Large investors have recently made changes to their positions in the company. Thrivent Financial for Lutherans purchased a new position in shares of Alibaba Group in the 3rd quarter valued at approximately $321,000. Advisors Asset Management Inc. boosted its holdings in Alibaba Group by 16.5% during the third quarter. Advisors Asset Management Inc. now owns 4,338 shares of the specialty retailer's stock worth $460,000 after buying an additional 614 shares in the last quarter. Kingsview Wealth Management LLC raised its holdings in Alibaba Group by 60.1% during the third quarter. Kingsview Wealth Management LLC now owns 6,496 shares of the specialty retailer's stock worth $689,000 after purchasing an additional 2,438 shares during the last quarter. Larson Financial Group LLC grew its position in shares of Alibaba Group by 177.4% in the third quarter. Larson Financial Group LLC now owns 2,793 shares of the specialty retailer's stock valued at $296,000 after purchasing an additional 1,786 shares during the last quarter. Finally, Bank of Montreal Can acquired a new position in shares of Alibaba Group in the third quarter worth $63,929,000. 13.47% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have weighed in on BABA shares. Robert W. Baird upped their target price on Alibaba Group from $110.00 to $125.00 and gave the stock an "outperform" rating in a report on Wednesday, February 19th. Mizuho lifted their target price on Alibaba Group from $140.00 to $170.00 and gave the company an "outperform" rating in a research note on Friday. Benchmark raised their price target on shares of Alibaba Group from $118.00 to $190.00 and gave the company a "buy" rating in a report on Friday, February 21st. Citigroup raised their target price on shares of Alibaba Group from $133.00 to $138.00 and gave the company a "buy" rating in a research note on Friday, January 10th. Finally, Arete Research raised Alibaba Group to a "strong-buy" rating in a research report on Friday, February 28th. One analyst has rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target of $148.14.

About Representative Bresnahan

Rob Bresnahan Jr. (Republican Party) is a member of the U.S. House, representing Pennsylvania's 8th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Bresnahan (Republican Party) is running for re-election to the U.S. House to represent Pennsylvania's 8th Congressional District. He declared candidacy for the 2026 election. Rob Bresnahan Jr. was born in Kingston, Pennsylvania. He earned a B.S. in business administration, management and operations from the University of Scranton in 2012. His career experience includes working as the chief financial officer and CEO of a family business, an electrical contracting company.

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.