Altaba Inc (NASDAQ:AABA) Position Cut by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC reduced its position in Altaba Inc (NASDAQ:AABA) by 0.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 129,403 shares of the company’s stock after selling 500 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Altaba were worth $9,591,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. GSA Capital Partners LLP acquired a new stake in Altaba during the third quarter valued at $272,000. LPL Financial LLC raised its holdings in Altaba by 5.3% during the third quarter. LPL Financial LLC now owns 32,028 shares of the company’s stock valued at $2,182,000 after buying an additional 1,618 shares in the last quarter. Thrivent Financial for Lutherans increased its stake in shares of Altaba by 35.8% in the third quarter. Thrivent Financial for Lutherans now owns 36,000 shares of the company’s stock worth $2,452,000 after purchasing an additional 9,500 shares during the period. Mutual Advisors LLC bought a new position in shares of Altaba in the third quarter worth about $324,000. Finally, Morgan Stanley increased its stake in shares of Altaba by 25.5% in the third quarter. Morgan Stanley now owns 2,548,105 shares of the company’s stock worth $173,578,000 after purchasing an additional 518,394 shares during the period. 71.46% of the stock is owned by institutional investors.

Shares of Altaba stock traded down $0.51 on Friday, hitting $71.87. 5,882,184 shares of the company’s stock traded hands, compared to its average volume of 4,899,985. Altaba Inc has a one year low of $54.75 and a one year high of $82.45.

A number of equities analysts have recently commented on the company. BidaskClub upgraded Altaba from a “sell” rating to a “hold” rating in a research note on Friday, February 22nd. ValuEngine downgraded Altaba from a “buy” rating to a “hold” rating in a report on Wednesday. Zacks Investment Research downgraded Altaba from a “hold” rating to a “strong sell” rating in a report on Tuesday, April 30th. Finally, JPMorgan Chase & Co. downgraded Altaba from an “overweight” rating to a “neutral” rating and reduced their target price for the stock from $84.00 to $78.00 in a report on Thursday, April 4th. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company’s stock. Altaba currently has an average rating of “Hold” and a consensus price target of $91.67.

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About Altaba

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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