WESPAC Advisors LLC grew its position in shares of Altaba Inc (NASDAQ:AABA) by 61.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,590 shares of the company’s stock after buying an additional 4,424 shares during the quarter. WESPAC Advisors LLC’s holdings in Altaba were worth $790,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in AABA. Cubist Systematic Strategies LLC lifted its holdings in shares of Altaba by 292.5% during the 1st quarter. Cubist Systematic Strategies LLC now owns 3,136 shares of the company’s stock valued at $232,000 after buying an additional 2,337 shares during the period. Suntrust Banks Inc. lifted its holdings in shares of Altaba by 61.4% during the 1st quarter. Suntrust Banks Inc. now owns 4,860 shares of the company’s stock valued at $359,000 after buying an additional 1,849 shares during the period. Laurel Grove Capital LLC lifted its holdings in shares of Altaba by 15.9% during the 2nd quarter. Laurel Grove Capital LLC now owns 21,900 shares of the company’s stock valued at $1,603,000 after buying an additional 3,000 shares during the period. Filament LLC bought a new position in shares of Altaba during the 2nd quarter valued at $263,000. Finally, Westpac Banking Corp lifted its holdings in shares of Altaba by 14.4% during the 2nd quarter. Westpac Banking Corp now owns 52,487 shares of the company’s stock valued at $3,843,000 after buying an additional 6,600 shares during the period. 83.13% of the stock is currently owned by hedge funds and other institutional investors.
Several equities analysts have recently weighed in on the company. JPMorgan Chase & Co. lowered their price target on Altaba to $80.00 and set an “overweight” rating on the stock in a report on Monday. Gabelli cut Altaba from a “buy” rating to a “hold” rating in a report on Wednesday, July 11th. BidaskClub cut Altaba from a “sell” rating to a “strong sell” rating in a report on Saturday, September 8th. ValuEngine cut Altaba from a “buy” rating to a “hold” rating in a report on Wednesday, August 15th. 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 equities research analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company’s stock. Altaba currently has an average rating of “Hold” and a consensus target price of $93.42.
Shares of Altaba stock opened at $60.87 on Tuesday. Altaba Inc has a one year low of $55.76 and a one year high of $82.45.
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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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