Republican Politicians, Sessions, Lee, and Moore, Shed Alibaba Positions

In recent activity, three Republican politicians have disclosed significant sales of Alibaba ($BABA) stock. Alibaba Group Holding Limited (BABA), listed on the NYSE, is a major player in the tech and retail sectors, primarily operating through segments like China Commerce, International Commerce, and Cloud Computing. As of the last update, BABA's stock price stood at approximately $74.01. The company's market capitalization is around $185.025 billion, and it has shown a PE ratio of 10.37​

Republican Politician Alibaba Sales

Notably, the following three personnel have disclosed sales of their Alibaba positions:

• Pete Sessions (Republican / House of Representatives / TX) disclosed a sale on January 26, 2024.

• Blake Moore (Republican / House of Representatives / UT) disclosed a sale of Alibaba stock on January 19, 2024.

• Laurel Lee (Republican / House of Representatives / FL) disclosed up to $250k sale on December 29, 2023.

Recent Alibaba Company Activity and Performance

For the fiscal year 2022, Alibaba reported a revenue of 868.69 billion CNY, marking a 1.83% increase from the previous year. The earnings for the same period were 72.51 billion CNY, representing a 17.03% growth. This financial performance indicates a stable upward trajectory for the company.

Recently, Alibaba has been in the news for various reasons. Jack Ma, the co-founder of Alibaba, reportedly invested heavily in the company's shares, indicating his confidence in its future. This move comes amidst a general slump in Chinese stocks, where Alibaba and others have seen a decrease in their stock prices.