Vetr upgraded shares of Altaba (NASDAQ:AABA) from a hold rating to a buy rating in a research report report published on Tuesday morning. The brokerage currently has $81.50 price target on the stock.
Separately, BidaskClub raised Altaba from a hold rating to a buy rating in a report on Tuesday, January 30th. Six equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Altaba has an average rating of Buy and an average price target of $61.46.
Altaba (NASDAQ:AABA) opened at $74.59 on Tuesday. Altaba has a 52-week low of $44.95 and a 52-week high of $80.56. The firm has a market capitalization of $65,150.00, a PE ratio of 39.89 and a beta of 2.01.
A number of large investors have recently made changes to their positions in AABA. SeaCrest Wealth Management LLC bought a new stake in Altaba during the 4th quarter valued at approximately $103,000. Cullen Frost Bankers Inc. bought a new stake in Altaba during the 4th quarter valued at approximately $200,000. Palladium Partners LLC bought a new stake in Altaba during the 4th quarter valued at approximately $203,000. Centaurus Financial Inc. bought a new stake in Altaba during the 4th quarter valued at approximately $208,000. Finally, Sigma Planning Corp bought a new stake in Altaba during the 4th quarter valued at approximately $209,000. Hedge funds and other institutional investors own 77.98% of the company’s stock.
TRADEMARK VIOLATION NOTICE: This article was first reported by Community Financial News and is the property of of Community Financial News. If you are reading this article on another domain, it was copied illegally and reposted in violation of U.S. & international trademark and copyright laws. The correct version of this article can be read at https://www.com-unik.info/2018/02/21/altaba-aaba-rating-increased-to-buy-at-vetr.html.
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.
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.