Alibaba Group (NYSE:BABA) Stock Acquired 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 07th, the Representative disclosed that they had bought between $1,001 and $15,000 in Alibaba Group stock on February 10th. 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 Alibaba Group NYSE: BABA on 2/21/2025.
• Purchased $1,001 - $15,000 in shares of Intel NASDAQ: INTC on 2/20/2025.
• Sold $1,001 - $15,000 in shares of Robinhood Markets NASDAQ: HOOD on 2/20/2025.
• Sold $1,001 - $15,000 in shares of Meta Platforms NASDAQ: META on 2/20/2025.
• Sold $1,001 - $15,000 in shares of Astera Labs NASDAQ: ALAB on 2/18/2025.
• Purchased $1,001 - $15,000 in shares of Intel NASDAQ: INTC on 2/14/2025.
• Purchased $1,001 - $15,000 in shares of Reddit NYSE: RDDT on 2/14/2025.
• Sold $1,001 - $15,000 in shares of Oracle NYSE: ORCL on 2/14/2025.
• Purchased $1,001 - $15,000 in shares of Snowflake NYSE: SNOW on 2/13/2025.
• Sold $1,001 - $15,000 in shares of Arista Networks NYSE: ANET on 2/13/2025.

Alibaba Group Stock Up 1.9 %

BABA traded up $2.64 during trading hours on Friday, hitting $140.99. 17,322,283 shares of the company's stock were exchanged, compared to its average volume of 18,805,085. The firm has a market cap of $334.99 billion, a P/E ratio of 20.37, a price-to-earnings-growth ratio of 0.61 and a beta of 0.28. Alibaba Group Holding Limited has a 12-month low of $68.36 and a 12-month high of $145.36. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.19. The firm has a 50 day moving average of $109.63 and a 200 day moving average of $98.18.

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Alibaba Group (NYSE:BABA - Get Free Report) last posted 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). The company had revenue of $38.38 billion for the quarter, compared to analysts' expectations of $38.19 billion. Alibaba Group had a return on equity of 12.89% and a net margin of 12.29%. Analysts predict that Alibaba Group Holding Limited will post 7.86 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

BABA has been the subject of a number of analyst reports. Citigroup boosted their price objective on Alibaba Group from $133.00 to $138.00 and gave the stock a "buy" rating in a research report on Friday, January 10th. Morgan Stanley upgraded shares of Alibaba Group from an "equal weight" rating to an "overweight" rating and boosted their price target for the stock from $100.00 to $180.00 in a report on Monday, February 24th. Sanford C. Bernstein upgraded shares of Alibaba Group from a "market perform" rating to an "outperform" rating and raised their price objective for the company from $104.00 to $165.00 in a report on Tuesday, February 25th. Benchmark boosted their target price on shares of Alibaba Group from $118.00 to $190.00 and gave the stock a "buy" rating in a research note on Friday, February 21st. Finally, Barclays raised their price target on Alibaba Group from $130.00 to $180.00 and gave the company an "overweight" rating in a research note on Friday, February 21st. Fifteen equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus price target of $144.07.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Decker Retirement Planning Inc. purchased a new position in shares of Alibaba Group during the fourth quarter worth approximately $31,000. Sierra Ocean LLC purchased a new position in Alibaba Group during the 4th quarter worth $32,000. Assetmark Inc. increased its stake in 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 period. Strategic Investment Solutions Inc. IL raised its holdings in shares of Alibaba Group by 59.0% in the fourth quarter. Strategic Investment Solutions Inc. IL now owns 539 shares of the specialty retailer's stock valued at $46,000 after buying an additional 200 shares during the last quarter. Finally, Redwood Park Advisors LLC acquired a new stake in shares of Alibaba Group during the fourth quarter worth about $52,000. Institutional investors and hedge funds 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.

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.