Altaba (AABA) Stock Rating Upgraded by Vetr

Altaba (NASDAQ:AABA) was upgraded by research analysts at Vetr from a “hold” rating to a “buy” rating in a research report issued on Monday. The firm currently has a $73.32 target price on the stock. Vetr‘s price objective would indicate a potential upside of 4.03% from the company’s previous close.

Separately, BidaskClub raised Altaba from a “hold” rating to a “buy” rating in a research report on Tuesday, January 30th. Six research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $60.78.

Shares of Altaba (NASDAQ AABA) opened at $70.48 on Monday. Altaba has a 52-week low of $44.64 and a 52-week high of $80.56. The stock has a market capitalization of $61,560.00, a price-to-earnings ratio of 37.69 and a beta of 2.01.

In related news, major shareholder Tci Fund Management Ltd sold 1,214,000 shares of Altaba stock in a transaction on Friday, January 19th. The stock was sold at an average price of $74.20, for a total transaction of $90,078,800.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Alexi Wellman sold 860 shares of Altaba stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $72.79, for a total value of $62,599.40. Following the sale, the chief financial officer now directly owns 19,845 shares of the company’s stock, valued at approximately $1,444,517.55. The disclosure for this sale can be found here. Insiders have sold 1,224,860 shares of company stock valued at $90,829,699 in the last three months. 24.00% of the stock is owned by corporate insiders.

A number of large investors have recently bought and sold shares of AABA. SeaCrest Wealth Management LLC purchased a new stake in Altaba during the fourth quarter valued at about $103,000. Cullen Frost Bankers Inc. purchased a new stake in Altaba during the fourth quarter valued at about $200,000. Palladium Partners LLC purchased a new stake in Altaba during the fourth quarter valued at about $203,000. Centaurus Financial Inc. purchased a new stake in Altaba during the fourth quarter valued at about $208,000. Finally, Sigma Planning Corp purchased a new stake in Altaba during the fourth quarter valued at about $209,000. 80.28% of the stock is owned by institutional investors.

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About Altaba

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.

To view Vetr’s full report, visit Vetr’s official website.

Analyst Recommendations for Altaba (NASDAQ:AABA)

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