BidaskClub lowered shares of Altaba (NASDAQ:AABA) from a sell rating to a strong sell rating in a report issued on Friday morning, BidAskClub reports.

AABA has been the topic of a number of other research reports. JPMorgan Chase & Co. cut Altaba from an overweight rating to a neutral rating and dropped their price objective for the stock from $84.00 to $78.00 in a report on Thursday, April 4th. ValuEngine raised Altaba from a hold rating to a buy rating in a report on Thursday, April 25th. Finally, Zacks Investment Research cut Altaba from a hold rating to a strong sell rating in a report on Tuesday, April 30th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average target price of $91.67.

Shares of NASDAQ AABA opened at $61.91 on Friday. Altaba has a one year low of $54.75 and a one year high of $82.45.

A number of institutional investors and hedge funds have recently modified their holdings of AABA. First Command Financial Services Inc. purchased a new stake in Altaba during the 4th quarter worth about $25,000. FTB Advisors Inc. bought a new position in Altaba in the 1st quarter worth about $26,000. Cullen Frost Bankers Inc. bought a new position in Altaba in the 1st quarter worth about $26,000. Larson Financial Group LLC increased its stake in Altaba by 76.3% in the 1st quarter. Larson Financial Group LLC now owns 462 shares of the company’s stock worth $34,000 after acquiring an additional 200 shares during the last quarter. Finally, We Are One Seven LLC bought a new position in Altaba in the 4th quarter worth about $45,000. 69.54% of the stock is currently owned by institutional investors and hedge funds.

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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