Rep. Robert Bresnahan, Jr. Buys Alibaba Group Holding Limited (NYSE:BABA) Stock

Representative Robert Bresnahan, Jr. (R-Pennsylvania) recently bought shares of Alibaba Group Holding Limited NYSE: BABA. In a filing disclosed on February 13th, the Representative disclosed that they had bought between $1,001 and $15,000 in Alibaba Group stock on January 30th. The trade occurred in the Representative's "JP MORGAN BROKERAGE ACCOUNT #2" account.

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

• Sold $15,001 - $50,000 in shares of Lowe's Companies NYSE: LOW on 2/7/2025.
• Purchased $1,001 - $15,000 in shares of ServiceNow NYSE: NOW on 2/3/2025.
• Purchased $1,001 - $15,000 in shares of Take-Two Interactive Software NASDAQ: TTWO on 2/3/2025.
• Purchased $1,001 - $15,000 in shares of Intel NASDAQ: INTC on 2/3/2025.
• Sold $1,001 - $15,000 in shares of Microsoft NASDAQ: MSFT on 1/30/2025.
• Sold $1,001 - $15,000 in shares of Robinhood Markets NASDAQ: HOOD on 1/29/2025.
• Sold $1,001 - $15,000 in shares of NVIDIA NASDAQ: NVDA on 1/29/2025.
• Sold $1,001 - $15,000 in shares of Manhattan Associates NASDAQ: MANH on 1/29/2025.
• Sold $1,001 - $15,000 in shares of Credo Technology Group NASDAQ: CRDO on 1/29/2025.
• Purchased $1,001 - $15,000 in shares of Alibaba Group NYSE: BABA on 1/29/2025.

Alibaba Group Price Performance

Shares of NYSE:BABA traded up $2.34 during trading on Tuesday, reaching $127.07. 21,747,172 shares of the company's stock traded hands, compared to its average volume of 25,119,473. The firm has a market cap of $302.27 billion, a PE ratio of 25.71, a P/E/G ratio of 0.42 and a beta of 0.31. Alibaba Group Holding Limited has a fifty-two week low of $68.36 and a fifty-two week high of $129.02. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.16. The company has a 50-day simple moving average of $91.90 and a 200-day simple moving average of $91.53.

Alibaba Group (NYSE:BABA - Get Free Report) last released its quarterly earnings data on Friday, November 15th. The specialty retailer reported $15.06 EPS for the quarter, beating analysts' consensus estimates of $1.87 by $13.19. The firm had revenue of $236.50 billion for the quarter, compared to analysts' expectations of $239.45 billion. Alibaba Group had a return on equity of 12.28% and a net margin of 8.98%. The firm's quarterly revenue was up 5.2% on a year-over-year basis. During the same period in the prior year, the firm posted $1.82 earnings per share. As a group, analysts predict that Alibaba Group Holding Limited will post 7.86 earnings per share for the current year.

Institutional Investors Weigh In On Alibaba Group

Several hedge funds have recently modified their holdings of the stock. Concord Wealth Partners increased its position in Alibaba Group by 155.0% during the 3rd quarter. Concord Wealth Partners now owns 255 shares of the specialty retailer's stock worth $27,000 after purchasing an additional 155 shares during the period. Decker Retirement Planning Inc. purchased a new stake in shares of Alibaba Group during the 4th quarter worth approximately $31,000. Sierra Ocean LLC purchased a new stake in Alibaba Group during the fourth quarter worth $32,000. Highline Wealth Partners LLC acquired a new stake in Alibaba Group in the 3rd quarter valued at about $36,000. Finally, Assetmark Inc. grew its position in shares of Alibaba Group by 225.4% in the third quarter. Assetmark Inc. now owns 397 shares of the specialty retailer's stock valued at $42,000 after purchasing an additional 275 shares during the last quarter. 13.47% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently commented on BABA. Benchmark reissued a "buy" rating and set a $118.00 price objective on shares of Alibaba Group in a research report on Friday, November 15th. Robert W. Baird boosted their price target on shares of Alibaba Group from $88.00 to $110.00 and gave the stock an "outperform" rating in a report on Thursday, October 24th. Mizuho raised their price objective on shares of Alibaba Group from $92.00 to $113.00 and gave the company an "outperform" rating in a report on Tuesday, November 12th. Barclays lowered their target price on shares of Alibaba Group from $137.00 to $130.00 and set an "overweight" rating for the company in a research note on Tuesday, November 19th. Finally, Citigroup increased their target price on Alibaba Group from $133.00 to $138.00 and gave the company a "buy" rating in a report on Friday, January 10th. Three analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, Alibaba Group presently has an average rating of "Moderate Buy" and an average target price of $115.86.

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.