D. E. Shaw & Co. Inc. Has $77.21 Million Stock Position in Altaba Inc (NASDAQ:AABA)

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D. E. Shaw & Co. Inc. boosted its position in shares of Altaba Inc (NASDAQ:AABA) by 11.5% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,113,079 shares of the company’s stock after purchasing an additional 115,178 shares during the period. D. E. Shaw & Co. Inc. owned 0.21% of Altaba worth $77,214,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Athanor Capital LP boosted its position in Altaba by 10.9% during the second quarter. Athanor Capital LP now owns 263,646 shares of the company’s stock valued at $18,289,000 after purchasing an additional 25,902 shares during the last quarter. Commonwealth Equity Services LLC lifted its position in shares of Altaba by 3.8% in the first quarter. Commonwealth Equity Services LLC now owns 45,521 shares of the company’s stock worth $3,374,000 after buying an additional 1,657 shares during the last quarter. Advisor Group Inc. lifted its position in shares of Altaba by 1.5% in the second quarter. Advisor Group Inc. now owns 10,494 shares of the company’s stock worth $729,000 after buying an additional 154 shares during the last quarter. BB&T Securities LLC lifted its position in shares of Altaba by 35.9% in the second quarter. BB&T Securities LLC now owns 12,363 shares of the company’s stock worth $857,000 after buying an additional 3,263 shares during the last quarter. Finally, BB&T Corp lifted its position in shares of Altaba by 20.5% in the second quarter. BB&T Corp now owns 39,140 shares of the company’s stock worth $2,715,000 after buying an additional 6,670 shares during the last quarter. 75.35% of the stock is owned by hedge funds and other institutional investors.

A number of analysts have weighed in on AABA shares. Zacks Investment Research raised Altaba from a “strong sell” rating to a “hold” rating in a research report on Tuesday, June 4th. BidaskClub raised Altaba from a “sell” rating to a “hold” rating in a research report on Saturday.

Shares of NASDAQ:AABA traded up $0.08 on Friday, reaching $70.51. The company had a trading volume of 5,899,816 shares, compared to its average volume of 8,119,219. Altaba Inc has a twelve month low of $54.75 and a twelve month high of $79.18. The stock has a 50-day moving average price of $69.86 and a 200 day moving average price of $70.45.

About Altaba

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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