Alibaba Group (NYSE:BABA) Shares 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 27th, the Representative disclosed that they had bought between $1,001 and $15,000 in Alibaba Group stock on March 3rd. 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 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 Price Performance

BABA opened at $132.49 on Friday. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.48 and a quick ratio of 1.48. Alibaba Group Holding Limited has a 1 year low of $68.36 and a 1 year high of $148.43. The stock’s 50 day simple moving average is $121.60 and its 200 day simple moving average is $102.58. The firm has a market cap of $314.80 billion, a price-to-earnings ratio of 19.15, a PEG ratio of 0.61 and a beta of 0.28.

Alibaba Group (NYSE:BABA) last issued its earnings results on Thursday, February 20th. The specialty retailer reported $2.77 EPS for the quarter, missing the consensus estimate of $2.84 by ($0.07). The firm had revenue of $38.38 billion during 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%. As a group, analysts predict that Alibaba Group Holding Limited will post 7.86 earnings per share for the current year.

Wall Street Analyst Weigh In

BABA has been the subject of several recent analyst reports. Mizuho upped their price objective on shares of Alibaba Group from $140.00 to $170.00 and gave the company an “outperform” rating in a research note on Friday. Sanford C. Bernstein upgraded Alibaba Group from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $104.00 to $165.00 in a report on Tuesday, February 25th. Arete Research upgraded Alibaba Group to a “strong-buy” rating in a report on Friday, February 28th. Barclays lifted their price target on shares of Alibaba Group from $130.00 to $180.00 and gave the company an “overweight” rating in a report on Friday, February 21st. Finally, StockNews.com lowered shares of Alibaba Group from a “buy” rating to a “hold” rating in a report on Wednesday. One research analyst has rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $148.14.

Hedge Funds Weigh In On Alibaba Group

A number of institutional investors and hedge funds have recently made changes to their positions in BABA. Thrivent Financial for Lutherans bought a new stake in Alibaba Group in the third quarter worth $321,000. Advisors Asset Management Inc. raised its position in shares of Alibaba Group by 16.5% in the 3rd quarter. Advisors Asset Management Inc. now owns 4,338 shares of the specialty retailer’s stock worth $460,000 after purchasing an additional 614 shares during the last quarter. Kingsview Wealth Management LLC boosted its stake in Alibaba Group by 60.1% in the 3rd quarter. Kingsview Wealth Management LLC now owns 6,496 shares of the specialty retailer’s stock worth $689,000 after purchasing an additional 2,438 shares in the last quarter. Larson Financial Group LLC grew its position in Alibaba Group by 177.4% during the 3rd quarter. Larson Financial Group LLC now owns 2,793 shares of the specialty retailer’s stock valued at $296,000 after purchasing an additional 1,786 shares during the last quarter. Finally, Bank of Montreal Can bought a new stake in Alibaba Group during the 3rd quarter valued at about $63,929,000. Institutional investors 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.