Intercontinental Wealth Advisors LLC bought a new position in shares of Altaba Inc (NASDAQ:AABA) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 790 shares of the company’s stock, valued at approximately $46,000.
A number of other institutional investors and hedge funds have also recently bought and sold shares of AABA. Huntington National Bank boosted its holdings in shares of Altaba by 224.2% in the 4th quarter. Huntington National Bank now owns 1,446 shares of the company’s stock worth $84,000 after buying an additional 1,000 shares during the last quarter. FIL Ltd lifted its holdings in Altaba by 85.0% during the third quarter. FIL Ltd now owns 2,036,808 shares of the company’s stock valued at $138,747,000 after purchasing an additional 935,768 shares during the last quarter. Baupost Group LLC MA purchased a new stake in Altaba during the third quarter valued at about $191,470,000. CWM LLC lifted its holdings in Altaba by 69.2% during the fourth quarter. CWM LLC now owns 1,535 shares of the company’s stock valued at $89,000 after purchasing an additional 628 shares during the last quarter. Finally, Watermark Asset Management Inc. lifted its holdings in Altaba by 720.0% during the fourth quarter. Watermark Asset Management Inc. now owns 615 shares of the company’s stock valued at $36,000 after purchasing an additional 540 shares during the last quarter. 71.49% of the stock is currently owned by hedge funds and other institutional investors.
NASDAQ:AABA traded up $0.81 on Tuesday, hitting $69.31. The stock had a trading volume of 355,741 shares, compared to its average volume of 7,267,597. Altaba Inc has a 52-week low of $54.75 and a 52-week high of $82.45.
Several research firms have commented on AABA. JPMorgan Chase & Co. dropped their price objective on shares of Altaba to $80.00 and set an “overweight” rating on the stock in a report on Monday, November 5th. BidaskClub raised Altaba from a “strong sell” rating to a “sell” rating in a research note on Friday, November 2nd. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $93.42.
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Altaba Inc operates as a non-diversified, closed-end management investment company in the United States. Its assets consist primarily of equity investments, short-term debt investments, and cash. The company was formerly known as Yahoo! Inc and changed its name to Altaba Inc in June 2017. Altaba Inc was founded in 1994 and is based in New York, New York.
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