Altaba (NASDAQ:AABA) Upgraded by BidaskClub to “Hold”

Altaba (NASDAQ:AABA) was upgraded by stock analysts at BidaskClub from a “sell” rating to a “hold” rating in a research note issued on Saturday, June 29th, BidAskClub reports.

Other research analysts also recently issued reports about the company. Zacks Investment Research upgraded Investar from a “hold” rating to a “buy” rating and set a $27.00 price objective for the company in a research note on Tuesday, June 4th. ValuEngine cut Valero Energy from a “hold” rating to a “sell” rating in a research note on Wednesday, May 8th. Finally, JPMorgan Chase & Co. decreased their price target on Realogy from $14.00 to $12.00 and set an “underweight” rating for the company in a research note on Thursday, April 4th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $96.50.

AABA traded down $0.10 during trading on Friday, reaching $70.26. 3,740,941 shares of the company were exchanged, compared to its average volume of 4,273,165. The business’s 50 day moving average price is $67.35. Altaba has a 52 week low of $54.75 and a 52 week high of $79.18.

Several large investors have recently added to or reduced their stakes in AABA. ETF Managers Group LLC lifted its holdings in shares of Altaba by 9.7% in the first quarter. ETF Managers Group LLC now owns 1,932 shares of the company’s stock valued at $143,000 after buying an additional 171 shares during the period. Sigma Planning Corp lifted its holdings in shares of Altaba by 5.3% during the first quarter. Sigma Planning Corp now owns 3,750 shares of the company’s stock valued at $278,000 after purchasing an additional 189 shares during the last quarter. Larson Financial Group LLC lifted its holdings in shares of 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 last quarter. SeaBridge Investment Advisors LLC lifted its holdings in shares of Altaba by 14.7% during the second quarter. SeaBridge Investment Advisors LLC now owns 1,565 shares of the company’s stock valued at $109,000 after purchasing an additional 200 shares during the last quarter. Finally, Destination Wealth Management lifted its holdings in shares of Altaba by 51.0% during the second quarter. Destination Wealth Management now owns 711 shares of the company’s stock valued at $49,000 after purchasing an additional 240 shares during the last quarter. 78.62% of the stock is owned by institutional investors.

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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