Laurel Grove Capital LLC lifted its stake in Altaba Inc (NASDAQ:AABA) by 71.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 37,500 shares of the company’s stock after purchasing an additional 15,600 shares during the period. Altaba accounts for about 1.3% of Laurel Grove Capital LLC’s investment portfolio, making the stock its 25th biggest holding. Laurel Grove Capital LLC’s holdings in Altaba were worth $2,555,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors also recently bought and sold shares of AABA. BlackRock Inc. lifted its position in shares of Altaba by 7.8% in the 1st quarter. BlackRock Inc. now owns 843,574 shares of the company’s stock worth $62,459,000 after purchasing an additional 61,080 shares during the period. GSA Capital Partners LLP purchased a new stake in shares of Altaba in the 1st quarter worth about $328,000. Baird Financial Group Inc. lifted its position in shares of Altaba by 5.2% in the 1st quarter. Baird Financial Group Inc. now owns 16,238 shares of the company’s stock worth $1,202,000 after purchasing an additional 797 shares during the period. Commonwealth Equity Services LLC lifted its position in shares of Altaba by 4.7% in the 1st quarter. Commonwealth Equity Services LLC now owns 51,192 shares of the company’s stock worth $3,790,000 after purchasing an additional 2,318 shares during the period. Finally, United Capital Financial Advisers LLC lifted its position in shares of Altaba by 291.2% in the 1st quarter. United Capital Financial Advisers LLC now owns 81,167 shares of the company’s stock worth $6,010,000 after purchasing an additional 60,420 shares during the period. 83.90% of the stock is owned by hedge funds and other institutional investors.
Shares of Altaba stock traded up $2.09 during trading on Friday, hitting $62.02. The company’s stock had a trading volume of 1,065,639 shares, compared to its average volume of 9,091,543. Altaba Inc has a 52 week low of $57.61 and a 52 week high of $82.45.
AABA has been the subject of several research analyst reports. BidaskClub cut shares of Altaba from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, June 26th. MKM Partners decreased their price target on shares of Altaba to $115.00 and set a “buy” rating for the company in a research note on Thursday, August 16th. ValuEngine lowered shares of Altaba from a “buy” rating to a “hold” rating in a research note on Wednesday, August 15th. Gabelli lowered shares of Altaba from a “buy” rating to a “hold” rating in a research note on Wednesday, July 11th. Finally, Credit Suisse Group increased their price target on shares of Altaba from $80.00 to $82.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 10th. One analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $94.75.
Altaba Company Profile
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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