Investment Analysts’ Weekly Ratings Changes for Altaba (AABA)

Altaba (NASDAQ: AABA) recently received a number of ratings updates from brokerages and research firms:

  • 2/12/2018 – Altaba was upgraded by analysts at Vetr from a “hold” rating to a “buy” rating. They now have a $73.32 price target on the stock.
  • 2/5/2018 – Altaba was upgraded by analysts at Vetr from a “sell” rating to a “hold” rating. They now have a $73.32 price target on the stock.
  • 1/30/2018 – Altaba was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 1/23/2018 – Altaba was downgraded by analysts at Vetr from a “hold” rating to a “sell” rating. They now have a $73.32 price target on the stock.
  • 1/16/2018 – Altaba was upgraded by analysts at Vetr from a “sell” rating to a “hold” rating. They now have a $73.32 price target on the stock.
  • 1/16/2018 – Altaba was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 12/22/2017 – Altaba was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.

Altaba Inc (NASDAQ AABA) traded up $0.62 during trading hours on Tuesday, reaching $71.10. The company had a trading volume of 2,654,000 shares, compared to its average volume of 7,497,126. The stock has a market cap of $61,555.68, a P/E ratio of -3,553.22 and a beta of 2.01. Altaba Inc has a 12-month low of $44.64 and a 12-month high of $80.56.

In related news, major shareholder Tci Fund Management Ltd sold 1,214,000 shares of the firm’s stock in a transaction that occurred on Friday, January 19th. The stock was sold at an average price of $74.20, for a total transaction of $90,078,800.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Tor Braham sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of $68.83, for a total value of $688,300.00. Following the transaction, the director now owns 9,434 shares in the company, valued at approximately $649,342.22. The disclosure for this sale can be found here. Insiders have sold a total of 1,224,860 shares of company stock worth $90,829,699 in the last 90 days. 24.00% of the stock is currently owned by company insiders.

Altaba Inc (the Fund), formerly Yahoo! Inc, is a non-diversified, closed-end management investment company. The Fund seeks to track the combined investment return of the Alibaba Shares and the Yahoo Japan Shares it owns. Alibaba Shares represent an approximate 15% equity interest in Alibaba Group Holding Limited (Alibaba), and its Yahoo Japan Corporation ((Yahoo Japa) Shares represent an approximate 36% equity interest in Yahoo Japan.

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