Mercer Global Advisors Inc. ADV Purchases Shares of 6,680 Altaba Inc (AABA)

Mercer Global Advisors Inc. ADV purchased a new position in shares of Altaba Inc (NASDAQ:AABA) during the 1st quarter, Holdings Channel reports. The institutional investor purchased 6,680 shares of the company’s stock, valued at approximately $387,000.

Other institutional investors also recently added to or reduced their stakes in the company. First Command Bank acquired a new position in Altaba during the 4th quarter worth approximately $25,000. First Command Financial Services Inc. acquired a new position in Altaba during the 4th quarter worth approximately $25,000. Larson Financial Group LLC lifted its position in Altaba by 76.3% during the 1st quarter. Larson Financial Group LLC now owns 462 shares of the company’s stock worth $34,000 after acquiring an additional 200 shares in the last quarter. Watermark Asset Management Inc. lifted its position in Altaba by 720.0% during the 4th quarter. Watermark Asset Management Inc. now owns 615 shares of the company’s stock worth $36,000 after acquiring an additional 540 shares in the last quarter. Finally, We Are One Seven LLC acquired a new position in Altaba during the 4th quarter worth approximately $45,000. 70.77% of the stock is currently owned by hedge funds and other institutional investors.

AABA stock opened at $75.98 on Friday. Altaba Inc has a 52-week low of $54.75 and a 52-week high of $82.45.

Several research firms recently commented on AABA. JPMorgan Chase & Co. lowered Altaba from an “overweight” rating to a “neutral” rating and reduced their price target for the stock from $84.00 to $78.00 in a research report on Thursday, April 4th. BidaskClub lowered Altaba from a “buy” rating to a “hold” rating in a research report on Tuesday, March 12th. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $91.67.

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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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Institutional Ownership by Quarter for Altaba (NASDAQ:AABA)

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