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 29th. 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.
• Purchased $1,001 – $15,000 in shares of Alibaba Group (NYSE:BABA) on 1/30/2025.
• 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.

Alibaba Group Stock Up 4.3 %

Shares of BABA stock traded up $5.19 on Friday, hitting $124.73. The stock had a trading volume of 52,592,862 shares, compared to its average volume of 21,722,708. The firm has a market capitalization of $296.71 billion, a price-to-earnings ratio of 25.30, a P/E/G ratio of 0.42 and a beta of 0.31. The stock’s 50 day moving average is $91.25 and its 200-day moving average is $91.02. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.37 and a current ratio of 1.37. Alibaba Group Holding Limited has a 52-week low of $68.36 and a 52-week high of $126.80.

Alibaba Group (NYSE:BABA) last posted 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. Alibaba Group had a net margin of 8.98% and a return on equity of 12.28%. The firm had revenue of $236.50 billion for the quarter, compared to the consensus estimate of $239.45 billion. During the same period in the prior year, the firm posted $1.82 EPS. The firm’s revenue was up 5.2% compared to the same quarter last year. As a group, research analysts expect that Alibaba Group Holding Limited will post 7.86 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have commented on BABA. Robert W. Baird increased their price objective on shares of Alibaba Group from $88.00 to $110.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Mizuho increased their target price on shares of Alibaba Group from $92.00 to $113.00 and gave the stock an “outperform” rating in a report on Tuesday, November 12th. Benchmark reissued a “buy” rating and set a $118.00 target price on shares of Alibaba Group in a report on Friday, November 15th. StockNews.com cut shares of Alibaba Group from a “buy” rating to a “hold” rating in a report on Thursday. Finally, Barclays dropped their target price on shares of Alibaba Group from $137.00 to $130.00 and set an “overweight” rating on the stock in a report on Tuesday, November 19th. Three investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $115.86.

Hedge Funds Weigh In On Alibaba Group

Hedge funds have recently added to or reduced their stakes in the company. Norges Bank bought a new position in Alibaba Group in the fourth quarter worth $585,479,000. Assenagon Asset Management S.A. lifted its position in Alibaba Group by 1,392.6% in the third quarter. Assenagon Asset Management S.A. now owns 6,125,542 shares of the specialty retailer’s stock worth $650,043,000 after purchasing an additional 5,715,155 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Alibaba Group by 3,180.1% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,857,760 shares of the specialty retailer’s stock worth $409,385,000 after purchasing an additional 3,740,150 shares during the period. Hhlr Advisors LTD. lifted its holdings in shares of Alibaba Group by 64.1% during the third quarter. Hhlr Advisors LTD. now owns 8,827,600 shares of the specialty retailer’s stock valued at $936,785,000 after acquiring an additional 3,448,152 shares during the period. Finally, FMR LLC lifted its holdings in shares of Alibaba Group by 454.2% during the third quarter. FMR LLC now owns 3,611,571 shares of the specialty retailer’s stock valued at $383,260,000 after acquiring an additional 2,959,954 shares during the period. 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.

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.