Altaba (AABA) Upgraded by BidaskClub to Sell

Altaba (NASDAQ:AABA) was upgraded by research analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a research note issued to investors on Friday.

A number of other equities analysts have also recently issued reports on the company. JPMorgan Chase & Co. restated an “overweight” rating and set a $88.00 target price (down previously from $91.00) on shares of Altaba in a report on Friday, August 24th. MKM Partners reduced their target price on Altaba to $115.00 and set a “buy” rating on the stock in a report on Thursday, August 16th. ValuEngine cut Altaba from a “buy” rating to a “hold” rating in a report on Wednesday, August 15th. Gabelli cut Altaba from a “buy” rating to a “hold” rating in a report on Wednesday, July 11th. Finally, Credit Suisse Group raised their target price on Altaba from $80.00 to $82.00 and gave the stock a “neutral” rating in a report on Tuesday, July 10th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the stock. Altaba currently has an average rating of “Hold” and a consensus price target of $94.75.

Shares of AABA opened at $61.73 on Friday. Altaba has a 1 year low of $55.76 and a 1 year high of $82.45.

Several large investors have recently added to or reduced their stakes in the company. Steward Partners Investment Advisory LLC lifted its holdings in shares of Altaba by 6.3% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 13,739 shares of the company’s stock valued at $1,006,000 after purchasing an additional 810 shares in the last quarter. BB&T Corp lifted its holdings in shares of Altaba by 8.4% during the 2nd quarter. BB&T Corp now owns 16,148 shares of the company’s stock valued at $1,182,000 after purchasing an additional 1,252 shares in the last quarter. Wealthstreet Investment Advisors LLC lifted its holdings in shares of Altaba by 3.9% during the 3rd quarter. Wealthstreet Investment Advisors LLC now owns 34,057 shares of the company’s stock valued at $2,320,000 after purchasing an additional 1,280 shares in the last quarter. Sageworth Trust Co lifted its holdings in shares of Altaba by 259.7% during the 3rd quarter. Sageworth Trust Co now owns 2,140 shares of the company’s stock valued at $146,000 after purchasing an additional 1,545 shares in the last quarter. Finally, Weik Capital Management lifted its holdings in shares of Altaba by 13.9% during the 2nd quarter. Weik Capital Management now owns 13,720 shares of the company’s stock valued at $1,004,000 after purchasing an additional 1,670 shares in the last quarter. Institutional investors and hedge funds own 83.18% of the company’s stock.

Altaba Company Profile

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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Analyst Recommendations for Altaba (NASDAQ:AABA)

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