Commerzbank Aktiengesellschaft FI decreased its position in Altaba Inc (NASDAQ:AABA) by 18.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 943,547 shares of the company’s stock after selling 219,095 shares during the quarter. Altaba comprises approximately 0.7% of Commerzbank Aktiengesellschaft FI’s investment portfolio, making the stock its 24th biggest position. Commerzbank Aktiengesellschaft FI owned about 0.12% of Altaba worth $69,077,000 at the end of the most recent reporting period.
Several other institutional investors have also recently bought and sold shares of the company. GABELLI & Co INVESTMENT ADVISERS INC. lifted its stake in shares of Altaba by 5.0% in the 2nd quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 509,928 shares of the company’s stock valued at $37,332,000 after acquiring an additional 24,500 shares during the last quarter. Gabelli Funds LLC lifted its stake in shares of Altaba by 2.9% in the 2nd quarter. Gabelli Funds LLC now owns 989,056 shares of the company’s stock valued at $72,409,000 after acquiring an additional 27,800 shares during the last quarter. FMR LLC lifted its stake in shares of Altaba by 3.8% in the 2nd quarter. FMR LLC now owns 1,775,049 shares of the company’s stock valued at $129,952,000 after acquiring an additional 64,603 shares during the last quarter. Motley Fool Asset Management LLC bought a new position in shares of Altaba in the 2nd quarter valued at $635,000. Finally, Water Island Capital LLC lifted its stake in shares of Altaba by 64.9% in the 2nd quarter. Water Island Capital LLC now owns 518,619 shares of the company’s stock valued at $37,968,000 after acquiring an additional 204,100 shares during the last quarter. 84.23% of the stock is currently owned by institutional investors.
A number of analysts recently weighed in on AABA shares. BidaskClub downgraded Altaba from a “strong-buy” rating to a “buy” rating in a report on Monday, June 18th. Credit Suisse Group increased their price target on Altaba from $76.00 to $88.00 in a report on Friday, June 8th. JPMorgan Chase & Co. raised their target price on Altaba from $90.00 to $91.00 and gave the company an “overweight” rating in a research note on Friday, June 1st. MKM Partners raised their target price on Altaba to $124.00 in a research note on Friday, May 18th. Finally, Gabelli downgraded Altaba from a “buy” rating to a “hold” rating in a research note on Wednesday, July 11th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $94.75.
Altaba stock opened at $67.98 on Friday. Altaba Inc has a 52 week low of $62.80 and a 52 week high of $82.45.
Altaba Company 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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