HBK Investments L P raised its stake in Altaba Inc (NASDAQ:AABA) by 4.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 15,916,930 shares of the company’s stock after purchasing an additional 750,000 shares during the period. Altaba accounts for 10.4% of HBK Investments L P’s holdings, making the stock its 2nd biggest holding. HBK Investments L P owned 1.82% of Altaba worth $1,111,798,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds also recently bought and sold shares of the company. SeaCrest Wealth Management LLC bought a new stake in Altaba in the fourth quarter valued at $103,000. Cullen Frost Bankers Inc. bought a new stake in Altaba in the fourth quarter valued at $200,000. Palladium Partners LLC bought a new stake in Altaba in the fourth quarter valued at $203,000. Centaurus Financial Inc. bought a new stake in Altaba in the fourth quarter valued at $208,000. Finally, Lehman Financial Resources Inc. bought a new stake in Altaba in the fourth quarter valued at $209,000. 73.85% of the stock is owned by hedge funds and other institutional investors.
In related news, major shareholder Tci Fund Management Ltd sold 1,214,000 shares of the business’s stock in a transaction dated Friday, January 19th. The shares were sold at an average price of $74.20, for a total transaction of $90,078,800.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Alexi Wellman sold 1,940 shares of the business’s stock in a transaction dated Tuesday, March 6th. The stock was sold at an average price of $75.04, for a total transaction of $145,577.60. Following the transaction, the chief financial officer now owns 17,905 shares in the company, valued at $1,343,591.20. The disclosure for this sale can be found here. Insiders own 24.00% of the company’s stock.
Shares of Altaba Inc (NASDAQ AABA) opened at $76.62 on Monday. The company has a market cap of $66,918.23, a PE ratio of -3,829.09 and a beta of 2.00. Altaba Inc has a 52-week low of $45.60 and a 52-week high of $80.56.
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Altaba Company Profile
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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