Disciplined Growth Investors Inc. MN decreased its holdings in shares of Altaba Inc. (NASDAQ:AABA) by 33.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,565,633 shares of the company’s stock after selling 790,059 shares during the period. Altaba comprises approximately 2.2% of Disciplined Growth Investors Inc. MN’s investment portfolio, making the stock its 13th largest holding. Disciplined Growth Investors Inc. MN owned approximately 0.18% of Altaba worth $103,708,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in AABA. Brighton Jones LLC acquired a new position in Altaba in the 3rd quarter valued at $216,000. SG Americas Securities LLC raised its stake in Altaba by 6,364.1% in the 3rd quarter. SG Americas Securities LLC now owns 261,927 shares of the company’s stock valued at $17,350,000 after purchasing an additional 257,875 shares during the last quarter. Russell Investments Group Ltd. raised its stake in Altaba by 409.6% in the 3rd quarter. Russell Investments Group Ltd. now owns 86,452 shares of the company’s stock valued at $5,727,000 after purchasing an additional 69,488 shares during the last quarter. Opera Trading Capital raised its stake in Altaba by 8,700.7% in the 3rd quarter. Opera Trading Capital now owns 79,206 shares of the company’s stock valued at $5,247,000 after purchasing an additional 78,306 shares during the last quarter. Finally, Canada Pension Plan Investment Board raised its stake in Altaba by 315.5% in the 3rd quarter. Canada Pension Plan Investment Board now owns 5,926,117 shares of the company’s stock valued at $392,546,000 after purchasing an additional 4,500,000 shares during the last quarter. Hedge funds and other institutional investors own 79.89% of the company’s stock.

In other Altaba news, Director Tor Braham sold 10,000 shares of the firm’s stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $68.83, for a total value of $688,300.00. Following the completion of the sale, the director now directly owns 9,434 shares of the company’s stock, valued at approximately $649,342.22. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Alexi Wellman sold 860 shares of the firm’s stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $72.79, for a total value of $62,599.40. Following the completion of the sale, the chief financial officer now directly owns 19,845 shares of the company’s stock, valued at $1,444,517.55. The disclosure for this sale can be found here. 24.00% of the stock is owned by company insiders.

Several research firms recently commented on AABA. MKM Partners increased their price objective on Altaba from $62.00 to $76.00 and gave the company a “buy” rating in a research note on Sunday, September 3rd. UBS reissued a “buy” rating and issued a $77.00 price objective on shares of Altaba in a research note on Friday, September 22nd. Twelve investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $53.63.

Shares of Altaba Inc. (NASDAQ AABA) opened at $71.25 on Monday. Altaba Inc. has a 52 week low of $38.24 and a 52 week high of $73.25. The stock has a market capitalization of $62,230.00, a price-to-earnings ratio of 285.00 and a beta of 1.87. The company has a quick ratio of 6.87, a current ratio of 6.87 and a debt-to-equity ratio of 0.04.

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About Altaba

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.

Institutional Ownership by Quarter for Altaba (NASDAQ:AABA)

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