Axa Has $454,000 Position in Altaba (AABA)

Axa lowered its position in shares of Altaba (NASDAQ:AABA) by 78.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,500 shares of the company’s stock after selling 24,100 shares during the period. Axa’s holdings in Altaba were worth $454,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of AABA. Hudson Bay Capital Management LP grew its stake 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 worth $500,650,000 after purchasing an additional 3,390,092 shares in the last quarter. Lazard Asset Management LLC lifted its position in Altaba by 96.2% in the fourth quarter. Lazard Asset Management LLC now owns 3,013,517 shares of the company’s stock valued at $210,494,000 after acquiring an additional 1,477,332 shares during the last quarter. Coronation Fund Managers Ltd. purchased a new stake in Altaba in the fourth quarter valued at $101,658,000. Scoggin Management LP lifted its position in Altaba by 33.4% in the third quarter. Scoggin Management LP now owns 2,077,484 shares of the company’s stock valued at $137,613,000 after acquiring an additional 520,050 shares during the last quarter. Finally, CIBC World Markets Inc. purchased a new stake in Altaba in the fourth quarter valued at $34,955,000. Hedge funds and other institutional investors own 73.84% of the company’s stock.

A number of brokerages recently weighed in on AABA. Credit Suisse Group boosted their price target on shares of Altaba from $81.00 to $86.00 and gave the company a “neutral” rating in a research report on Wednesday, February 28th. Oppenheimer boosted their price target on shares of Altaba from $98.00 to $104.00 and gave the company an “outperform” rating in a research report on Wednesday, February 28th. JPMorgan Chase & Co. boosted their price target on shares of Altaba to $90.00 and gave the company an “overweight” rating in a research report on Friday, February 23rd. UBS reissued a “buy” rating and issued a $98.00 price target (up from $92.00) on shares of Altaba in a research report on Thursday, February 22nd. Finally, Vetr raised shares of Altaba from a “hold” rating to a “buy” rating and set a $81.50 price target for the company in a research report on Tuesday, February 20th. Five investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $71.96.

In related news, major shareholder Tci Fund Management Ltd sold 1,214,000 shares of the 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 Securities & Exchange Commission, which can be accessed through this link. Also, CFO Alexi Wellman sold 1,262 shares of the stock in a transaction dated Monday, March 12th. The stock was sold at an average price of $76.90, for a total transaction of $97,047.80. Following the transaction, the chief financial officer now directly owns 16,643 shares of the company’s stock, valued at $1,279,846.70. The disclosure for this sale can be found here. Insiders sold 1,217,202 shares of company stock valued at $90,321,425 over the last ninety days. Corporate insiders own 24.00% of the company’s stock.

Shares of Altaba stock opened at $73.00 on Friday. Altaba has a 1-year low of $45.74 and a 1-year high of $80.56. The company has a market cap of $65,127.80, a PE ratio of -3,648.18 and a beta of 2.00.

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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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Institutional Ownership by Quarter for Altaba (NASDAQ:AABA)

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