Rep. Josh Gottheimer Invests in Alibaba Group Shares

Representative Josh Gottheimer, a Democrat from New Jersey, has recently purchased shares of Alibaba Group Holding Limited (NYSE: BABA). On March 6th, he disclosed in a filing that he bought shares valued between $1,001 and $15,000 on February 12th. This transaction was performed through his "MORGAN STANLEY - SELECT UMA ACCOUNT # 1."

In addition to the Alibaba purchase, Rep. Gottheimer made several other trades around the same time. These include:

• Sold shares of The Goldman Sachs Group (NYSE: GS) worth $1,001 to $15,000 on February 28, 2025.
• Purchased shares of Visa (NYSE: V) valued between $1,001 and $15,000 on February 28, 2025.
• Sold shares of Block (NYSE: XYZ) worth $1,001 to $15,000 on February 27, 2025.
• Sold shares of KKR & Co. Inc. (NYSE: KKR) amounting to $1,001 to $15,000 on February 27, 2025.
• Sold shares of Blackstone (NYSE: BX) valued within the same range on February 27, 2025.
• Sold shares of Paragon 28 (NYSE: FNA) worth $1,001 to $15,000 on February 27, 2025.
• Sold shares of KKR & Co. Inc. (NYSE: KKR) again for $1,001 to $15,000 on February 26, 2025.
• Purchased shares of Fiserv (NYSE: FI) in the same range on February 26, 2025.
• Sold shares of Blackstone (NYSE: BX) for $1,001 to $15,000 on February 26, 2025.
• Sold shares of Vertiv (NYSE: VRT) worth $1,001 to $15,000 on February 25, 2025.

Stock Performance of Alibaba Group

As of the latest trading session, Alibaba's shares (BABA) increased by $0.64, hitting a price of $140.59. This session saw a trading volume of 31,813,632 shares, which surpassed the average volume of 18,627,020 shares. Key financial indicators for Alibaba include a quick ratio of 1.48, a current ratio of 1.48, and a debt-to-equity ratio of 0.19. Additionally, the firm's 50-day moving average is $105.46, and its two-hundred day moving average is $96.70. Alibaba Group has a market capitalization of $334.04 billion and a price-to-earnings ratio of 20.32, along with a P/E/G ratio of 0.61. Over the past 12 months, the stock has seen a low of $68.36 and a high of $145.36.

Institutional Activity

Recent reports indicate that hedge funds and institutional investors have actively adjusted their investments in Alibaba Group. Notably, Sanders Capital LLC increased its stake by 0.3% in the third quarter, acquiring an additional 60,667 shares to own a total of 18,460,434 shares worth approximately $1.96 billion. Appaloosa LP expanded its holdings by 18.4% during the fourth quarter, owning 11,843,158 shares now valued at $1 billion after buying 1,843,158 additional shares. Hhlr Advisors LTD. increased its stake significantly by 64.1% in the previous quarter, bringing its total to 8,827,600 shares valued at around $936.79 million. Norges Bank also made a new purchase during the last quarter, amounting to roughly $585.48 million. Finally, Bank of America Corp DE raised its stake by 7.0%, owning 6,676,773 shares worth about $566.12 million. Currently, 13.47% of Alibaba's stock is held by institutional investors.

Price Target Changes from Analysts

Alibaba Group has gained attention from analysts, with several increasing their price targets. JPMorgan Chase & Co. raised its target price from $125.00 to $170.00, providing an "overweight" rating. Similarly, Citigroup amended their price target from $133.00 to $138.00 while maintaining a "buy" rating. Mizuho boosted their target from $92.00 to $113.00 with an "outperform" rating. Robert W. Baird appraised their target to rise from $110.00 to $125.00, also rating the firm as "outperform." Arete Research even upgraded their rating to "strong-buy." Presently, fifteen research analysts have advised a buy rating for Alibaba Group, while one has given it a strong buy rating. The consensus average price target for the stock stands at $144.07.

About Representative Josh Gottheimer

Josh Gottheimer, affiliated with the Democratic Party, serves as a member of the U.S. House, representing New Jersey's 5th Congressional District since January 3, 2017. His current term will conclude on January 3, 2027. He has announced his candidacy for re-election and is also vying for the Governorship of New Jersey in the Democratic primary scheduled for June 10, 2025. Gottheimer holds an undergraduate degree from the University of Pennsylvania and was a Thouron Fellow at Oxford, later attending Harvard Law School. Before his congressional career, he worked as a speechwriter for former President Bill Clinton, contributing to various projects including two State of the Union addresses. Additionally, Gottheimer spent time at Microsoft as a general manager for corporate strategy.

Overview of Alibaba Group

Alibaba Group Holding Limited offers technology infrastructure and marketing solutions that enable merchants, brands, retailers, and other businesses to engage with users and customers both in China and globally. The company operates through multiple segments, including China Commerce, International Commerce, Local Consumer Services, Cainiao, Cloud, Digital Media and Entertainment, and Innovation Initiatives and Others.

Additional Information

Investors and interested parties may want to consider other exciting opportunities in the market that are emerging alongside Alibaba Group.

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