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 Intel (NASDAQ:INTC) 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 ServiceNow (NYSE:NOW) on 2/3/2025.
• Sold $1,001 – $15,000 in shares of Microsoft (NASDAQ:MSFT) on 1/30/2025.
• Purchased $1,001 – $15,000 in shares of Alibaba Group (NYSE:BABA) on 1/30/2025.
• Sold $1,001 – $15,000 in shares of Meta Platforms (NASDAQ:META) on 1/29/2025.
• Sold $1,001 – $15,000 in shares of Credo Technology Group (NASDAQ:CRDO) 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 NVIDIA (NASDAQ:NVDA) on 1/29/2025.

Alibaba Group Price Performance

BABA traded up $5.19 during trading on Friday, hitting $124.73. 52,592,862 shares of the company traded hands, compared to its average volume of 21,722,708. The company has a market cap of $296.71 billion, a PE ratio of 25.30, a P/E/G ratio of 0.42 and a beta of 0.31. The stock’s 50-day simple moving average is $91.25 and its two-hundred day simple moving average is $91.02. Alibaba Group Holding Limited has a 1 year low of $68.36 and a 1 year high of $126.80. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.16.

Alibaba Group (NYSE:BABA) last posted its earnings results on Friday, November 15th. The specialty retailer reported $15.06 earnings per share for the quarter, beating the consensus estimate of $1.87 by $13.19. Alibaba Group had a net margin of 8.98% and a return on equity of 12.28%. The company had revenue of $236.50 billion during the quarter, compared to analysts’ expectations of $239.45 billion. During the same period last year, the company posted $1.82 earnings per share. Alibaba Group’s quarterly revenue was up 5.2% on a year-over-year basis. As a group, sell-side analysts anticipate that Alibaba Group Holding Limited will post 7.86 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Alibaba Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BABA. Concord Wealth Partners lifted its holdings in Alibaba Group by 155.0% during the 3rd quarter. Concord Wealth Partners now owns 255 shares of the specialty retailer’s stock valued at $27,000 after buying an additional 155 shares in the last quarter. Decker Retirement Planning Inc. bought a new stake in Alibaba Group during the 4th quarter valued at about $31,000. Sierra Ocean LLC bought a new stake in Alibaba Group during the 4th quarter valued at about $32,000. Highline Wealth Partners LLC bought a new stake in Alibaba Group during the 3rd quarter valued at about $36,000. Finally, Assetmark Inc. lifted its holdings in Alibaba Group by 225.4% during the 3rd quarter. Assetmark Inc. now owns 397 shares of the specialty retailer’s stock valued at $42,000 after buying an additional 275 shares in the last quarter. Institutional investors own 13.47% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on BABA. Robert W. Baird lifted their price objective 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. Benchmark reissued a “buy” rating and issued a $118.00 price objective on shares of Alibaba Group in a research note on Friday, November 15th. Mizuho lifted their price objective on shares of Alibaba Group from $92.00 to $113.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 12th. Citigroup lifted their price objective on shares of Alibaba Group from $133.00 to $138.00 and gave the stock a “buy” rating in a research note on Friday, January 10th. Finally, StockNews.com cut shares of Alibaba Group from a “buy” rating to a “hold” rating in a research note on Thursday. Three analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, Alibaba Group has a consensus rating of “Moderate Buy” and an average price target 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.