Segantii Capital Management Ltd trimmed its stake in shares of Altaba Inc (NASDAQ:AABA) by 43.6% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 160,806 shares of the company’s stock after selling 124,194 shares during the quarter. Altaba comprises about 2.8% of Segantii Capital Management Ltd’s portfolio, making the stock its 7th biggest holding. Segantii Capital Management Ltd’s holdings in Altaba were worth $9,203,000 as of its most recent filing with the SEC.
Several other large investors also recently added to or reduced their stakes in AABA. NewFocus Financial Group LLC acquired a new position in shares of Altaba during the 4th quarter worth $210,000. Bronfman E.L. Rothschild L.P. raised its holdings in shares of Altaba by 57.2% during the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 5,617 shares of the company’s stock worth $392,000 after buying an additional 2,043 shares in the last quarter. River & Mercantile Asset Management LLP raised its holdings in shares of Altaba by 35.5% during the 4th quarter. River & Mercantile Asset Management LLP now owns 71,887 shares of the company’s stock worth $5,021,000 after buying an additional 18,840 shares in the last quarter. Wealthstreet Investment Advisors LLC acquired a new position in shares of Altaba during the 4th quarter worth $1,994,000. Finally, Sigma Planning Corp acquired a new position in shares of Altaba during the 4th quarter worth $209,000. Hedge funds and other institutional investors own 79.68% of the company’s stock.
In other Altaba news, Director Tor Braham sold 10,000 shares of the company’s stock in a transaction dated Wednesday, November 29th. The stock was sold at an average price of $68.83, for a total value of $688,300.00. Following the sale, the director now owns 9,434 shares in the company, valued at approximately $649,342.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Tci Fund Management Ltd sold 1,214,000 shares of the company’s stock in a transaction dated Friday, January 19th. The shares were sold at an average price of $74.20, for a total value of $90,078,800.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,224,860 shares of company stock valued at $90,829,699. Insiders own 24.00% of the company’s stock.
A number of equities analysts have recently commented on the company. Vetr raised Altaba from a “hold” rating to a “buy” rating and set a $73.32 price target for the company in a report on Monday. BidaskClub raised Altaba from a “hold” rating to a “buy” rating in a report on Tuesday, January 30th. Six investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $60.78.
Altaba Inc (NASDAQ AABA) opened at $71.10 on Tuesday. Altaba Inc has a fifty-two week low of $44.64 and a fifty-two week high of $80.56. The stock has a market capitalization of $61,555.68, a PE ratio of -3,553.22 and a beta of 2.01.
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Altaba Inc (the Fund), formerly Yahoo! Inc, is a non-diversified, closed-end management investment company. The Fund seeks to track the combined investment return of the Alibaba Shares and the Yahoo Japan Shares it owns. Alibaba Shares represent an approximate 15% equity interest in Alibaba Group Holding Limited (Alibaba), and its Yahoo Japan Corporation ((Yahoo Japa) Shares represent an approximate 36% equity interest in Yahoo Japan.
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