SG Americas Securities LLC increased its stake in shares of Altaba Inc (NASDAQ:AABA) by 1,654.9% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 50,542 shares of the company’s stock after acquiring an additional 47,662 shares during the period. SG Americas Securities LLC’s holdings in Altaba were worth $2,928,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Sigma Planning Corp bought a new stake in shares of Altaba in the fourth quarter valued at about $206,000. Intercontinental Wealth Advisors LLC acquired a new position in shares of Altaba in the fourth quarter valued at approximately $46,000. GABELLI & Co INVESTMENT ADVISERS INC. grew its position in Altaba by 5.9% during the fourth quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 505,328 shares of the company’s stock worth $29,279,000 after buying an additional 28,100 shares in the last quarter. Oppenheimer Asset Management Inc. acquired a new stake in Altaba during the fourth quarter worth approximately $148,000. Finally, DAVENPORT & Co LLC lifted its stake in Altaba by 1.2% during the fourth quarter. DAVENPORT & Co LLC now owns 14,158 shares of the company’s stock worth $820,000 after purchasing an additional 170 shares during the last quarter. 71.71% of the stock is currently owned by hedge funds and other institutional investors.
Several research analysts recently issued reports on the company. JPMorgan Chase & Co. lowered their target price on Altaba to $80.00 and set an “overweight” rating for the company in a research report on Monday, November 5th. BidaskClub cut shares of Altaba from a “hold” rating to a “sell” rating in a research report on Thursday, December 20th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $93.42.
AABA opened at $68.52 on Friday. Altaba Inc has a 1-year low of $54.75 and a 1-year high of $82.45.
COPYRIGHT VIOLATION WARNING: This piece was reported by Stock Observer and is owned by of Stock Observer. If you are viewing this piece on another publication, it was illegally stolen and republished in violation of U.S. and international copyright & trademark laws. The legal version of this piece can be read at https://www.thestockobserver.com/2019/02/09/sg-americas-securities-llc-purchases-47662-shares-of-altaba-inc-aaba.html.
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.
Featured Article: What are the components of an earnings report?
Want to see what other hedge funds are holding AABA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Altaba Inc (NASDAQ:AABA).
Receive News & Ratings for Altaba Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Altaba and related companies with MarketBeat.com's FREE daily email newsletter.