Altaba Inc (NASDAQ:AABA) Shares Purchased by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. boosted its position in shares of Altaba Inc (NASDAQ:AABA) by 4.9% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,819 shares of the company’s stock after buying an additional 408 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Altaba were worth $654,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. FTB Advisors Inc. purchased a new stake in Altaba during the first quarter valued at approximately $26,000. Cullen Frost Bankers Inc. purchased a new stake in Altaba during the first quarter valued at approximately $26,000. Larson Financial Group LLC raised its position in Altaba by 76.3% during the first 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 period. Ellis Investment Partners LLC purchased a new stake in Altaba during the first quarter valued at approximately $57,000. Finally, Hanson McClain Inc. raised its position in Altaba by 118.8% during the first quarter. Hanson McClain Inc. now owns 875 shares of the company’s stock valued at $65,000 after purchasing an additional 475 shares during the period. Institutional investors and hedge funds own 78.38% of the company’s stock.

Shares of NASDAQ AABA traded down $0.60 during midday trading on Friday, hitting $69.37. The company’s stock had a trading volume of 9,033,120 shares, compared to its average volume of 8,415,657. The business’s 50 day moving average price is $65.67. Altaba Inc has a 12-month low of $54.75 and a 12-month high of $79.18.

Several equities research analysts have recently weighed in on the company. BidaskClub upgraded Altaba from a “sell” rating to a “hold” rating in a report on Saturday. Zacks Investment Research upgraded Altaba from a “strong sell” rating to a “hold” rating in a report on Tuesday, June 4th. ValuEngine downgraded Altaba from a “buy” rating to a “hold” rating in a report on Wednesday, May 8th. Finally, JPMorgan Chase & Co. downgraded 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 report on Thursday, April 4th. Six research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $91.67.

Altaba 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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