Sigma Planning Corp increased its position in Altaba Inc (NASDAQ:AABA) by 5.3% in the 1st quarter, Holdings Channel reports. The firm owned 3,750 shares of the company’s stock after buying an additional 189 shares during the period. Sigma Planning Corp’s holdings in Altaba were worth $278,000 as of its most recent filing with the SEC.
Other institutional investors have also recently bought and sold shares of the company. First Command Bank purchased a new stake in shares of Altaba in the 4th quarter valued at about $25,000. First Command Financial Services Inc. purchased a new stake in shares of Altaba in the 4th quarter valued at about $25,000. FTB Advisors Inc. purchased a new stake in shares of Altaba in the 1st quarter valued at about $26,000. Cullen Frost Bankers Inc. purchased a new stake in shares of Altaba in the 1st quarter valued at about $26,000. Finally, Larson Financial Group LLC lifted its holdings in shares of Altaba by 76.3% in the 1st quarter. Larson Financial Group LLC now owns 462 shares of the company’s stock valued at $34,000 after purchasing an additional 200 shares during the last quarter. 71.41% of the stock is owned by institutional investors and hedge funds.
AABA opened at $71.32 on Thursday. Altaba Inc has a 52 week low of $54.75 and a 52 week high of $82.45.
Several analysts have commented on AABA shares. BidaskClub raised Altaba from a “sell” rating to a “hold” rating in a research note on Friday, February 22nd. Zacks Investment Research downgraded Altaba from a “hold” rating to a “strong sell” rating in a research note on Tuesday, April 30th. ValuEngine raised Altaba from a “hold” rating to a “buy” rating in a research note on Thursday, April 25th. Finally, JPMorgan Chase & Co. downgraded Altaba from an “overweight” rating to a “neutral” rating and reduced their price objective for the company from $84.00 to $78.00 in a research note on Thursday, April 4th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $91.67.
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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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