Congress Asset Management Co. MA Invests $300,000 in Yahoo! Inc. (AABA)

Congress Asset Management Co. MA purchased a new stake in Yahoo! Inc. (NASDAQ:AABA) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 5,500 shares of the company’s stock, valued at approximately $300,000.

Yahoo! Inc. (NASDAQ AABA) opened at 63.07 on Friday. The firm’s market cap is $60.50 billion. The stock has a 50 day moving average of $57.97 and a 200 day moving average of $50.71. Yahoo! Inc. has a 12-month low of $38.24 and a 12-month high of $63.70.

COPYRIGHT VIOLATION WARNING: This article was originally published by Community Financial News and is the sole property of of Community Financial News. If you are accessing this article on another site, it was illegally stolen and republished in violation of US & international trademark & copyright legislation. The original version of this article can be viewed at https://www.com-unik.info/2017/08/19/5500-shares-in-yahoo-inc-aaba-acquired-by-congress-asset-management-co-ma-updated-updated.html.

Several research firms have issued reports on AABA. B. Riley restated a “neutral” rating and issued a $48.00 price target on shares of Yahoo! in a research report on Monday, April 24th. BidaskClub lowered shares of Yahoo! from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, June 14th. UBS AG set a $58.00 price target on shares of Yahoo! and gave the stock a “buy” rating in a research report on Tuesday, May 30th. J P Morgan Chase & Co began coverage on shares of Yahoo! in a research report on Wednesday, June 28th. They issued an “overweight” rating on the stock. Finally, Raymond James Financial, Inc. restated an “outperform” rating and issued a $72.00 price target (up from $58.00) on shares of Yahoo! in a research report on Sunday, June 18th. Fourteen investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $50.50.

Yahoo! Company Profile

Altaba Inc (the Fund), formerly Yahoo! Inc, is a non-diversified, closed-end management investment company. The Fund seeks to track the combined investment return of the Alibaba Shares and the Yahoo Japan Shares it owns. Alibaba Shares represent an approximate 15% equity interest in Alibaba Group Holding Limited (Alibaba), and its Yahoo Japan Corporation ((Yahoo Japa) Shares represent an approximate 36% equity interest in Yahoo Japan.

Institutional Ownership by Quarter for Yahoo! (NASDAQ:AABA)

What are top analysts saying about Yahoo! Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Yahoo! Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit