Altaba Inc (NASDAQ:AABA) Shares Sold by Neuberger Berman Group LLC

Neuberger Berman Group LLC trimmed its position in shares of Altaba Inc (NASDAQ:AABA) by 7.2% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 357,579 shares of the company’s stock after selling 27,874 shares during the period. Neuberger Berman Group LLC’s holdings in Altaba were worth $26,504,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. ETF Managers Group LLC grew its position in Altaba by 9.7% during the 1st quarter. ETF Managers Group LLC now owns 1,932 shares of the company’s stock worth $143,000 after purchasing an additional 171 shares in the last quarter. Sigma Planning Corp grew its position in Altaba by 5.3% during the 1st quarter. Sigma Planning Corp now owns 3,750 shares of the company’s stock worth $278,000 after purchasing an additional 189 shares in the last quarter. Larson Financial Group LLC grew its holdings in shares of Altaba by 76.3% during the 1st quarter. Larson Financial Group LLC now owns 462 shares of the company’s stock valued at $34,000 after acquiring an additional 200 shares in the last quarter. MML Investors Services LLC grew its holdings in shares of Altaba by 4.2% during the 4th quarter. MML Investors Services LLC now owns 6,459 shares of the company’s stock valued at $374,000 after acquiring an additional 259 shares in the last quarter. Finally, Lederer & Associates Investment Counsel CA grew its holdings in shares of Altaba by 1.1% during the 1st quarter. Lederer & Associates Investment Counsel CA now owns 24,150 shares of the company’s stock valued at $1,790,000 after acquiring an additional 270 shares in the last quarter. Hedge funds and other institutional investors own 79.44% of the company’s stock.

Altaba stock opened at $65.98 on Friday. Altaba Inc has a 12 month low of $54.75 and a 12 month high of $82.14.

Several equities analysts have recently commented on AABA shares. BidaskClub upgraded shares of Altaba from a “sell” rating to a “hold” rating in a report on Friday, February 22nd. JPMorgan Chase & Co. cut shares of Altaba from an “overweight” rating to a “neutral” rating and lowered their price target for the company from $84.00 to $78.00 in a report on Thursday, April 4th. ValuEngine upgraded shares of Altaba from a “hold” rating to a “buy” rating in a report on Thursday, April 25th. Finally, Zacks Investment Research cut shares of Altaba from a “hold” rating to a “strong sell” rating in a report on Tuesday, April 30th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $91.67.

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Altaba Profile

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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