PEAK6 Investments L.P. lessened its position in shares of Altaba Inc (NASDAQ:AABA) by 17.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 21,269 shares of the company’s stock after selling 4,605 shares during the period. PEAK6 Investments L.P.’s holdings in Altaba were worth $1,486,000 as of its most recent SEC filing.
Other large investors have also recently added to or reduced their stakes in the company. Atlantic Trust Group LLC lifted its holdings in Altaba by 97.8% during the 3rd quarter. Atlantic Trust Group LLC now owns 41,370 shares of the company’s stock worth $2,740,000 after buying an additional 20,458 shares during the last quarter. Addison Capital Co bought a new position in Altaba during the 4th quarter worth approximately $526,000. Steward Partners Investment Advisory LLC bought a new position in Altaba during the 3rd quarter worth approximately $505,000. FNY Managed Accounts LLC bought a new stake in shares of Altaba in the 4th quarter worth approximately $8,224,000. Finally, Hudson Bay Capital Management LP lifted its holdings in shares of Altaba by 89.7% in the 4th quarter. Hudson Bay Capital Management LP now owns 7,167,499 shares of the company’s stock worth $500,650,000 after purchasing an additional 3,390,092 shares during the last quarter. 73.85% of the stock is currently owned by institutional investors.
In other news, major shareholder Tci Fund Management Ltd sold 1,214,000 shares of Altaba stock in a transaction 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 can be accessed through the SEC website. Also, CFO Alexi Wellman sold 1,940 shares of Altaba stock in a transaction on Tuesday, March 6th. The shares were sold at an average price of $75.04, for a total value 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. 24.00% of the stock is owned by company insiders.
Shares of Altaba Inc (NASDAQ:AABA) opened at $76.87 on Wednesday. Altaba Inc has a 1 year low of $45.60 and a 1 year 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.
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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