Altaba Inc (AABA) Stake Decreased by Marathon Trading Investment Management LLC

Marathon Trading Investment Management LLC decreased its holdings in Altaba Inc (NASDAQ:AABA) by 93.4% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 20,347 shares of the company’s stock after selling 290,015 shares during the period. Marathon Trading Investment Management LLC’s holdings in Altaba were worth $1,386,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Sageworth Trust Co boosted its stake in Altaba by 259.7% during the third quarter. Sageworth Trust Co now owns 2,140 shares of the company’s stock valued at $146,000 after buying an additional 1,545 shares during the last quarter. NEXT Financial Group Inc bought a new position in Altaba during the third quarter valued at approximately $154,000. Comerica Bank bought a new position in Altaba during the second quarter valued at approximately $204,000. Pitcairn Co. bought a new position in Altaba during the second quarter valued at approximately $209,000. Finally, GSA Capital Partners LLP bought a new stake in shares of Altaba in the 3rd quarter valued at approximately $272,000. 71.87% of the stock is owned by hedge funds and other institutional investors.

Shares of NASDAQ AABA opened at $65.59 on Monday. Altaba Inc has a fifty-two week low of $55.76 and a fifty-two week high of $82.45.

AABA has been the subject of several analyst reports. JPMorgan Chase & Co. lowered their price objective on Altaba to $80.00 and set an “overweight” rating for the company in a research note on Monday, November 5th. BidaskClub lowered Altaba from a “hold” rating to a “sell” rating in a research note on Wednesday, August 8th. MKM Partners lowered their price objective on Altaba to $115.00 and set a “buy” rating for the company in a research note on Thursday, August 16th. Finally, ValuEngine lowered Altaba from a “buy” rating to a “hold” rating in a research note on Wednesday, August 15th. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $93.42.

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About Altaba

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.

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Institutional Ownership by Quarter for Altaba (NASDAQ:AABA)

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