Rep. Robert Bresnahan, Jr. Sells Alibaba Group Holding Limited (NYSE:BABA) Shares

Representative Robert Bresnahan, Jr. (R-Pennsylvania) recently sold shares of Alibaba Group Holding Limited NYSE: BABA. In a filing disclosed on March 27th, the Representative disclosed that they had sold between $15,001 and $50,000 in Alibaba Group stock on March 4th. 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.
• 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.
• Purchased $1,001 - $15,000 in shares of Alibaba Group NYSE: BABA on 3/3/2025.

Alibaba Group Trading Up 0.2 %

Shares of BABA traded up $0.20 during trading hours on Monday, hitting $132.63. The company had a trading volume of 8,110,539 shares, compared to its average volume of 19,413,487. The firm has a market cap of $315.13 billion, a P/E ratio of 19.13, a P/E/G ratio of 0.61 and a beta of 0.28. Alibaba Group Holding Limited has a 52-week low of $68.36 and a 52-week high of $148.43. The stock's 50 day moving average price is $121.60 and its 200 day moving average price is $102.70. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.19.

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Alibaba Group (NYSE:BABA - Get Free Report) last issued its earnings results on Thursday, February 20th. The specialty retailer reported $2.77 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.84 by ($0.07). The firm had revenue of $38.38 billion during the quarter, compared to the consensus estimate of $38.19 billion. Alibaba Group had a return on equity of 12.89% and a net margin of 12.29%. On average, research analysts predict that Alibaba Group Holding Limited will post 7.86 EPS for the current year.

Analyst Ratings Changes

Several research firms recently issued reports on BABA. Citigroup raised their target price on Alibaba Group from $133.00 to $138.00 and gave the stock a "buy" rating in a research note on Friday, January 10th. Barclays lifted their price target on Alibaba Group from $130.00 to $180.00 and gave the company an "overweight" rating in a research report on Friday, February 21st. JPMorgan Chase & Co. increased their price objective on Alibaba Group from $125.00 to $170.00 and gave the stock an "overweight" rating in a report on Friday, February 21st. Robert W. Baird upped their target price on shares of Alibaba Group from $110.00 to $125.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 19th. Finally, Arete Research upgraded shares of Alibaba Group to a "strong-buy" rating in a report on Friday, February 28th. One equities research analyst has rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Buy" and an average target price of $148.14.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of BABA. Decker Retirement Planning Inc. purchased a new position in Alibaba Group during the fourth quarter valued at $31,000. Sierra Ocean LLC purchased a new position in shares of Alibaba Group during the 4th quarter valued at $32,000. Strategic Investment Solutions Inc. IL boosted its holdings in Alibaba Group by 59.0% in the 4th quarter. Strategic Investment Solutions Inc. IL now owns 539 shares of the specialty retailer's stock worth $46,000 after buying an additional 200 shares during the period. Redwood Park Advisors LLC purchased a new stake in Alibaba Group in the 4th quarter worth $52,000. Finally, Vision Financial Markets LLC bought a new stake in Alibaba Group during the fourth quarter valued at about $55,000. Hedge funds and other institutional investors own 13.47% of the company's stock.

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.

About Alibaba Group

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.