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.
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.
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.
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