Altaba (AABA) Hits New 12-Month High and Low at $82.37

Altaba Inc (NASDAQ:AABA) hit a new 52-week high and low during mid-day trading on Thursday . The stock traded as low as $82.37 and last traded at $82.44, with a volume of 767954 shares changing hands. The stock had previously closed at $81.24.

AABA has been the topic of several analyst reports. Oppenheimer boosted their price target on shares of Altaba from $98.00 to $104.00 and gave the company an “outperform” rating in a report on Wednesday, February 28th. BidaskClub lowered shares of Altaba from a “buy” rating to a “hold” rating in a report on Wednesday, April 4th. JPMorgan Chase & Co. boosted their price target on shares of Altaba to $90.00 and gave the company an “overweight” rating in a report on Friday, February 23rd. MKM Partners boosted their price target on shares of Altaba to $124.00 in a report on Friday, May 18th. Finally, Vetr raised shares of Altaba from a “hold” rating to a “buy” rating and set a $81.50 price target on the stock in a report on Tuesday, February 20th. Two research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. Altaba has a consensus rating of “Buy” and a consensus target price of $85.39.

The firm has a market cap of $70.47 billion, a PE ratio of 322.76 and a beta of 1.97.



Several institutional investors and hedge funds have recently bought and sold shares of AABA. SeaCrest Wealth Management LLC bought a new stake in shares of Altaba in the 4th quarter worth about $103,000. Oppenheimer & Co. Inc. grew its holdings in shares of Altaba by 90.8% in the 4th quarter. Oppenheimer & Co. Inc. now owns 43,531 shares of the company’s stock worth $3,040,000 after purchasing an additional 20,717 shares during the last quarter. Sigma Planning Corp bought a new stake in shares of Altaba in the 4th quarter worth about $209,000. Bronfman E.L. Rothschild L.P. grew its holdings in shares of Altaba by 57.2% in the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 5,617 shares of the company’s stock worth $392,000 after purchasing an additional 2,043 shares during the last quarter. Finally, Governors Lane LP grew its holdings in shares of Altaba by 3.3% in the 4th quarter. Governors Lane LP now owns 3,086,600 shares of the company’s stock worth $215,599,000 after purchasing an additional 100,000 shares during the last quarter. 72.79% of the stock is currently owned by institutional investors and hedge funds.

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.

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.

Leave a Reply