Hosking Partners LLP lowered its holdings in shares of Altaba Inc (NASDAQ:AABA) by 0.5% during the first quarter, HoldingsChannel reports. The firm owned 350,464 shares of the company’s stock after selling 1,828 shares during the period. Hosking Partners LLP’s holdings in Altaba were worth $25,976,000 at the end of the most recent reporting period.
A number of other hedge funds have also modified their holdings of the business. Norges Bank acquired a new position in shares of Altaba during the fourth quarter valued at approximately $255,165,000. Samlyn Capital LLC acquired a new position in shares of Altaba during the fourth quarter valued at approximately $78,636,000. Canada Pension Plan Investment Board raised its holdings in shares of Altaba by 20.2% during the fourth quarter. Canada Pension Plan Investment Board now owns 5,230,000 shares of the company’s stock valued at $303,003,000 after acquiring an additional 880,000 shares during the last quarter. FMR LLC raised its holdings in shares of Altaba by 34.7% during the fourth quarter. FMR LLC now owns 2,531,212 shares of the company’s stock valued at $146,658,000 after acquiring an additional 652,283 shares during the last quarter. Finally, LMR Partners LLP raised its holdings in shares of Altaba by 111.7% during the fourth quarter. LMR Partners LLP now owns 1,125,396 shares of the company’s stock valued at $65,205,000 after acquiring an additional 593,751 shares during the last quarter. Institutional investors own 71.41% of the company’s stock.
A number of equities analysts have commented on AABA shares. JPMorgan Chase & Co. cut Altaba from an “overweight” rating to a “neutral” rating and reduced their target price for the company from $84.00 to $78.00 in a report on Thursday, April 4th. BidaskClub raised Altaba from a “hold” rating to a “buy” rating in a report on Wednesday, March 6th. ValuEngine raised Altaba from a “hold” rating to a “buy” rating in a report on Thursday, April 25th. Finally, Zacks Investment Research cut Altaba from a “hold” rating to a “strong sell” rating in a report on Tuesday, April 30th. One research analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company’s stock. The stock has an average 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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