Alibaba Group (NYSE:BABA) Stock Acquired Rep. Josh Gottheimer

Representative Josh Gottheimer (D-New Jersey) recently bought shares of Alibaba Group Holding Limited (NYSE:BABA). In a filing disclosed on November 06th, the Representative disclosed that they had bought between $1,001 and $15,000 in Alibaba Group stock on October 16th. The trade occurred in the Representative’s “MORGAN STANLEY – SELECT UMA ACCOUNT # 1” account.

Representative Josh Gottheimer also recently made the following trade(s):

• Purchased $1,001 – $15,000 in shares of Texas Capital Bancshares (NASDAQ:TCBI) on 10/31/2024.
• Sold $1,001 – $15,000 in shares of ITT (NYSE:ITT) on 10/31/2024.
• Sold $1,001 – $15,000 in shares of Stifel Financial (NYSE:SF) on 10/31/2024.
• Sold $1,001 – $15,000 in shares of ICU Medical (NASDAQ:ICUI) on 10/31/2024.
• Sold $1,001 – $15,000 in shares of AppFolio (NASDAQ:APPF) on 10/31/2024.
• Purchased $1,001 – $15,000 in shares of Gates Industrial (NYSE:GTES) on 10/31/2024.
• Purchased $1,001 – $15,000 in shares of Techtronic Industries (OTCMKTS:TTNDY) on 10/29/2024.
• Purchased $1,001 – $15,000 in shares of Techtronic Industries (OTCMKTS:TTNDY) on 10/28/2024.
• Purchased $1,001 – $15,000 in shares of Disco (OTCMKTS:DSCSY) on 10/28/2024.
• Purchased $1,001 – $15,000 in shares of Enerpac Tool Group (NYSE:EPAC) on 10/25/2024.

Alibaba Group Stock Down 5.9 %

Shares of NYSE BABA traded down $5.86 during mid-day trading on Friday, reaching $94.28. The company had a trading volume of 12,213,117 shares, compared to its average volume of 17,606,693. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.41 and a current ratio of 1.41. Alibaba Group Holding Limited has a twelve month low of $66.63 and a twelve month high of $117.82. The stock’s 50 day moving average is $96.65 and its 200-day moving average is $84.70. The stock has a market capitalization of $225.80 billion, a PE ratio of 24.87, a price-to-earnings-growth ratio of 0.46 and a beta of 0.35.

Alibaba Group (NYSE:BABA) last announced its earnings results on Thursday, August 15th. The specialty retailer reported $16.44 earnings per share for the quarter, beating the consensus estimate of $1.87 by $14.57. Alibaba Group had a return on equity of 12.08% and a net margin of 7.31%. The firm had revenue of $243.24 billion during the quarter, compared to the consensus estimate of $248.32 billion. During the same quarter in the prior year, the company earned $2.47 EPS. The firm’s revenue for the quarter was up 3.9% compared to the same quarter last year. As a group, equities analysts anticipate that Alibaba Group Holding Limited will post 8.08 earnings per share for the current fiscal year.

Institutional Trading of Alibaba Group

Several institutional investors and hedge funds have recently made changes to their positions in the business. PNC Financial Services Group Inc. raised its position in shares of Alibaba Group by 2.0% in the 3rd quarter. PNC Financial Services Group Inc. now owns 42,886 shares of the specialty retailer’s stock valued at $4,551,000 after acquiring an additional 845 shares during the period. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of Alibaba Group in the 3rd quarter valued at $1,107,000. Knuff & Co LLC increased its position in shares of Alibaba Group by 4.3% in the 3rd quarter. Knuff & Co LLC now owns 47,494 shares of the specialty retailer’s stock valued at $5,040,000 after buying an additional 1,940 shares in the last quarter. Caprock Group LLC lifted its holdings in Alibaba Group by 12.4% during the third quarter. Caprock Group LLC now owns 45,264 shares of the specialty retailer’s stock worth $4,803,000 after acquiring an additional 4,978 shares in the last quarter. Finally, Pathstone Holdings LLC grew its stake in Alibaba Group by 5.7% in the third quarter. Pathstone Holdings LLC now owns 37,149 shares of the specialty retailer’s stock valued at $3,942,000 after acquiring an additional 1,987 shares during the period. Institutional investors own 13.47% of the company’s stock.

Analysts Set New Price Targets

BABA has been the topic of several research reports. Susquehanna dropped their price objective on shares of Alibaba Group from $135.00 to $130.00 and set a “positive” rating on the stock in a report on Monday, August 19th. Truist Financial dropped their price objective on shares of Alibaba Group from $110.00 to $100.00 and set a “buy” rating for the company in a research note on Friday, August 16th. Sanford C. Bernstein increased their price target on shares of Alibaba Group from $80.00 to $85.00 and gave the stock a “market perform” rating in a research report on Friday, August 16th. JPMorgan Chase & Co. upped their price target on Alibaba Group from $100.00 to $108.00 and gave the company an “overweight” rating in a research report on Friday, August 16th. Finally, Robert W. Baird boosted their target price 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. Two analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $113.13.

About Representative Gottheimer

Josh Gottheimer (Democratic Party) is a member of the U.S. House, representing New Jersey’s 5th Congressional District. He assumed office on January 3, 2017. His current term ends on January 3, 2025. Gottheimer (Democratic Party) is running for re-election to the U.S. House to represent New Jersey’s 5th Congressional District. He declared candidacy for the 2024 election. Gottheimer was first elected to the House in 2016. Prior to his election, Gottheimer worked for Microsoft, the Federal Communications Commission, and for the administration of President Bill Clinton (D). Click here for more information about Gottheimer’s career. Gottheimer serves on the House Financial Services Committee, where is a member of three subcommittees. For more on Gottheimer’s committee assignments, click here. Gottheimer became a co-chair of the Problem Solvers Caucus in February 2017. Gottheimer attended the University of Pennsylvania for his undergraduate degree. He became a Thouron Fellow at Oxford and attended Harvard Law School. Gottheimer worked as a speech writer under former President Bill Clinton (D), assisting with two State of the Union addresses, among other projects. Before running for Congress, he worked for Microsoft as a general manager for corporate strategy.

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.