Alibaba Group (NYSE:BABA) Stock Unloaded Rep. Josh Gottheimer

Representative Josh Gottheimer (D-New Jersey) recently sold shares of Alibaba Group Holding Limited NYSE: BABA. In a filing disclosed on January 14th, the Representative disclosed that they had sold between $1,001 and $15,000 in Alibaba Group stock on December 16th. The trade occurred in the Representative's "MORGAN STANLEY - SELECT UMA ACCOUNT # 1" account.

Representative Josh Gottheimer also recently made the following trade(s):

• Purchased $1,001 - $15,000 in shares of Block NYSE: SQ on 12/30/2024.
• Purchased $1,001 - $15,000 in shares of The Goldman Sachs Group NYSE: GS on 12/30/2024.
• Sold $1,001 - $15,000 in shares of Ambev NYSE: ABEV on 12/27/2024.
• Sold $1,001 - $15,000 in shares of Grupo Financiero Banorte OTCMKTS: GBOOY on 12/27/2024.
• Sold $1,001 - $15,000 in shares of Cadre NYSE: CDRE on 12/27/2024.
• Sold $1,001 - $15,000 in shares of Coloplast A/S OTCMKTS: CLPBY on 12/27/2024.
• Sold $1,001 - $15,000 in shares of Intuitive Surgical NASDAQ: ISRG on 12/23/2024.
• Sold $1,001 - $15,000 in shares of Trane Technologies NYSE: TT on 12/23/2024.
• Purchased $1,001 - $15,000 in shares of Walmart NYSE: WMT on 12/20/2024.
• Sold $1,001 - $15,000 in shares of NVIDIA NASDAQ: NVDA on 12/19/2024.

Alibaba Group Stock Performance

Shares of NYSE:BABA traded down $0.04 during mid-day trading on Thursday, reaching $82.40. The company had a trading volume of 7,552,734 shares, compared to its average volume of 11,130,980. Alibaba Group Holding Limited has a one year low of $66.63 and a one year high of $117.82. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.16. The company's 50-day moving average price is $86.59 and its 200-day moving average price is $87.63. The firm has a market cap of $196.27 billion, a price-to-earnings ratio of 16.71, a PEG ratio of 0.40 and a beta of 0.30.

Alibaba Group (NYSE:BABA - Get Free Report) last issued its earnings results on Friday, November 15th. The specialty retailer reported $15.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.87 by $13.19. Alibaba Group had a return on equity of 12.28% and a net margin of 8.98%. The firm had revenue of $236.50 billion for the quarter, compared to analyst estimates of $239.45 billion. During the same period in the previous year, the company posted $1.82 earnings per share. The business's revenue was up 5.2% on a year-over-year basis. As a group, equities research analysts anticipate that Alibaba Group Holding Limited will post 8.44 EPS for the current fiscal year.

Hedge Funds Weigh In On Alibaba Group

A number of institutional investors have recently made changes to their positions in the stock. Generate Investment Management Ltd purchased a new position in Alibaba Group in the third quarter worth $12,656,000. Nations Financial Group Inc. IA ADV lifted its stake in Alibaba Group by 63.9% during the third quarter. Nations Financial Group Inc. IA ADV now owns 28,716 shares of the specialty retailer's stock worth $3,047,000 after purchasing an additional 11,192 shares during the last quarter. Handelsbanken Fonder AB boosted its holdings in shares of Alibaba Group by 6.5% in the 3rd quarter. Handelsbanken Fonder AB now owns 822,904 shares of the specialty retailer's stock worth $87,327,000 after purchasing an additional 50,000 shares in the last quarter. Massachusetts Financial Services Co. MA increased its position in shares of Alibaba Group by 7,734.1% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 269,805 shares of the specialty retailer's stock valued at $28,632,000 after purchasing an additional 266,361 shares during the last quarter. Finally, Aspex Management HK Ltd purchased a new position in shares of Alibaba Group during the 3rd quarter valued at about $115,995,000. Institutional investors own 13.47% of the company's stock.

Analyst Upgrades and Downgrades

BABA has been the subject of several recent research reports. Robert W. Baird lifted their target price on shares of Alibaba Group from $88.00 to $110.00 and gave the stock an "outperform" rating in a research note on Thursday, October 24th. Mizuho boosted their target price 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. Macquarie raised Alibaba Group from a "neutral" rating to an "outperform" rating and set a $145.00 price target for the company in a report on Monday, October 7th. StockNews.com lowered Alibaba Group from a "strong-buy" rating to a "buy" rating in a research note on Saturday, December 14th. Finally, Benchmark restated a "buy" rating and issued a $118.00 target price on shares of Alibaba Group in a research note on Friday, November 15th. Two investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, Alibaba Group has a consensus rating of "Moderate Buy" and an average price target of $115.13.

About Representative Gottheimer

Josh Gottheimer (Democratic Party) is a member of the U.S. House, representing New Jersey's 5th Congressional District. He assumed office on January 3, 2017. His current term ends on January 3, 2025. Gottheimer (Democratic Party) is running for re-election to the U.S. House to represent New Jersey's 5th Congressional District. He declared candidacy for the 2024 election. Gottheimer was first elected to the House in 2016. Prior to his election, Gottheimer worked for Microsoft, the Federal Communications Commission, and for the administration of President Bill Clinton (D). Click here for more information about Gottheimer's career. Gottheimer serves on the House Financial Services Committee, where is a member of three subcommittees. For more on Gottheimer's committee assignments, click here. Gottheimer became a co-chair of the Problem Solvers Caucus in February 2017. Gottheimer attended the University of Pennsylvania for his undergraduate degree. He became a Thouron Fellow at Oxford and attended Harvard Law School. Gottheimer worked as a speech writer under former President Bill Clinton (D), assisting with two State of the Union addresses, among other projects. Before running for Congress, he worked for Microsoft as a general manager for corporate strategy.

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.