Rehmann Capital Advisory Group grew its holdings in shares of Altaba Inc (NASDAQ:AABA) by 60.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 925 shares of the company’s stock after buying an additional 350 shares during the quarter. Rehmann Capital Advisory Group’s holdings in Altaba were worth $69,000 at the end of the most recent reporting period.
Other large investors have also modified their holdings of the company. Commonwealth Equity Services LLC raised its holdings in shares of Altaba by 3.8% in the 1st quarter. Commonwealth Equity Services LLC now owns 45,521 shares of the company’s stock valued at $3,374,000 after purchasing an additional 1,657 shares during the period. Actinver Wealth Management Inc. acquired a new position in Altaba in the 4th quarter valued at about $484,000. Norges Bank acquired a new position in Altaba in the 4th quarter valued at about $255,165,000. Samlyn Capital LLC acquired a new position in Altaba in the 4th quarter valued at about $78,636,000. Finally, Kepos Capital LP grew its stake in Altaba by 13.6% in the 4th quarter. Kepos Capital LP now owns 1,250,000 shares of the company’s stock valued at $72,425,000 after buying an additional 150,000 shares during the last quarter. 78.38% of the stock is currently owned by hedge funds and other institutional investors.
A number of brokerages have issued reports on AABA. BidaskClub lowered shares of Vertex Pharmaceuticals from a “buy” rating to a “hold” rating in a research report on Tuesday, July 9th. ValuEngine downgraded shares of Valero Energy from a “hold” rating to a “sell” rating in a report on Wednesday, May 8th. JPMorgan Chase & Co. cut their price target on shares of Realogy from $14.00 to $12.00 and set an “underweight” rating for the company in a report on Thursday, April 4th. Finally, Zacks Investment Research raised shares of Investar from a “hold” rating to a “buy” rating and set a $27.00 price target for the company in a report on Tuesday, June 4th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company’s stock. Altaba presently has an average rating of “Hold” and a consensus price target of $96.50.
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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