BidaskClub upgraded shares of Altaba (NASDAQ:AABA) from a sell rating to a hold rating in a report issued on Saturday morning, BidAskClub reports.

Other analysts have also recently issued research reports about the stock. ValuEngine upgraded shares of Altaba from a hold rating to a buy rating in a research note on Thursday, April 25th. Zacks Investment Research upgraded shares of Altaba from a strong sell rating to a hold rating in a research note on Tuesday, June 4th. Finally, JPMorgan Chase & Co. cut shares of Altaba from an overweight rating to a neutral rating and cut their target price for the stock from $84.00 to $78.00 in a research note on Thursday, April 4th. Six research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Altaba presently has a consensus rating of Hold and an average target price of $91.67.

Shares of AABA stock opened at $70.60 on Friday. The company has a fifty day moving average price of $65.55. Altaba has a one year low of $54.75 and a one year high of $79.18.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Hsbc Holdings PLC lifted its stake in shares of Altaba by 5.2% during the 4th quarter. Hsbc Holdings PLC now owns 6,008,442 shares of the company’s stock worth $348,129,000 after buying an additional 298,864 shares during the last quarter. Norges Bank bought a new position in Altaba during the fourth quarter worth about $255,165,000. Lazard Asset Management LLC increased its position in Altaba by 17.9% during the first quarter. Lazard Asset Management LLC now owns 3,169,072 shares of the company’s stock worth $234,891,000 after acquiring an additional 480,867 shares during the period. CIBC World Markets Inc. increased its position in Altaba by 18,750.8% during the first quarter. CIBC World Markets Inc. now owns 2,621,208 shares of the company’s stock worth $194,284,000 after acquiring an additional 2,607,303 shares during the period. Finally, FMR LLC increased its position in Altaba by 34.7% during the fourth quarter. FMR LLC now owns 2,531,212 shares of the company’s stock worth $146,658,000 after acquiring an additional 652,283 shares during the period. Institutional investors own 78.38% of the company’s stock.

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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