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

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 February 25th.

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 0.3 %

NYSE BABA traded up $0.39 during trading on Tuesday, hitting $132.62. The company had a trading volume of 7,432,996 shares, compared to its average volume of 28,119,793. The company's fifty day moving average is $122.54 and its 200-day moving average is $103.03. Alibaba Group Holding Limited has a one year low of $68.36 and a one year high of $148.43. 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 company has a market cap of $315.10 billion, a price-to-earnings ratio of 19.16, a price-to-earnings-growth ratio of 0.61 and a beta of 0.28.

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

Hedge Funds Weigh In On Alibaba Group

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Decker Retirement Planning Inc. purchased a new position in shares of Alibaba Group during the fourth quarter valued at approximately $31,000. Sierra Ocean LLC bought a new position in shares of Alibaba Group during the 4th quarter valued at $32,000. Strategic Investment Solutions Inc. IL lifted its holdings in shares of Alibaba Group by 59.0% during the 4th 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 period. Redwood Park Advisors LLC purchased a new position in shares of Alibaba Group in the 4th quarter worth $52,000. Finally, Kieckhefer Group LLC bought a new stake in shares of Alibaba Group in the fourth quarter worth $55,000. Institutional investors own 13.47% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. StockNews.com downgraded Alibaba Group from a "buy" rating to a "hold" rating in a report on Wednesday, March 26th. Bank of America increased their price target on shares of Alibaba Group from $117.00 to $150.00 and gave the stock a "buy" rating in a research note on Friday, February 21st. Arete Research raised shares of Alibaba Group to a "strong-buy" rating in a research note on Friday, February 28th. JPMorgan Chase & Co. lifted their target price on shares of Alibaba Group from $125.00 to $170.00 and gave the company an "overweight" rating in a report on Friday, February 21st. Finally, Sanford C. Bernstein upgraded Alibaba Group from a "market perform" rating to an "outperform" rating and upped their price target for the stock from $104.00 to $165.00 in a research note on Tuesday, February 25th. 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. Based on data from MarketBeat, the stock has an average rating of "Buy" and a consensus target price 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.