Millennium Management LLC boosted its holdings in Altaba Inc (NASDAQ:AABA) by 15.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 20,439,085 shares of the company’s stock after acquiring an additional 2,671,283 shares during the period. Altaba comprises about 2.0% of Millennium Management LLC’s investment portfolio, making the stock its biggest holding. Millennium Management LLC owned about 2.34% of Altaba worth $1,427,670,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors have also modified their holdings of AABA. Hudson Bay Capital Management LP raised its holdings in shares of Altaba by 89.7% during the fourth quarter. Hudson Bay Capital Management LP now owns 7,167,499 shares of the company’s stock valued at $500,650,000 after buying an additional 3,390,092 shares during the last quarter. Discovery Capital Management LLC CT bought a new stake in shares of Altaba during the fourth quarter valued at approximately $122,391,000. Lazard Asset Management LLC raised its holdings in shares of Altaba by 96.2% during the fourth quarter. Lazard Asset Management LLC now owns 3,013,517 shares of the company’s stock valued at $210,494,000 after buying an additional 1,477,332 shares during the last quarter. Coronation Fund Managers Ltd. bought a new stake in shares of Altaba during the fourth quarter valued at approximately $101,658,000. Finally, Fred Alger Management Inc. raised its holdings in shares of Altaba by 62.3% during the fourth quarter. Fred Alger Management Inc. now owns 2,763,304 shares of the company’s stock valued at $193,017,000 after buying an additional 1,060,894 shares during the last quarter. 73.85% of the stock is currently 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 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 sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Alexi Wellman sold 1,940 shares of the business’s stock in a transaction that occurred on Tuesday, March 6th. The stock was sold at an average price of $75.04, for a total value of $145,577.60. Following the sale, the chief financial officer now directly owns 17,905 shares in the company, valued at approximately $1,343,591.20. The disclosure for this sale can be found here. 24.00% of the stock is owned by insiders.
Shares of Altaba Inc (AABA) opened at $75.97 on Wednesday. Altaba Inc has a twelve month low of $45.60 and a twelve month high of $80.56. The company has a market capitalization of $66,350.00, a P/E ratio of 2.81 and a beta of 2.00.
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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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