Altaba Inc (AABA) Holdings Lifted by Watermark Asset Management Inc.
Watermark Asset Management Inc. boosted its stake in shares of Altaba Inc (NASDAQ:AABA) by 720.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 615 shares of the company’s stock after buying an additional 540 shares during the quarter. Watermark Asset Management Inc.’s holdings in Altaba were worth $36,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds also recently modified their holdings of the company. Morgan Stanley lifted its holdings in shares of Altaba by 31.5% in the second quarter. Morgan Stanley now owns 2,029,711 shares of the company’s stock valued at $148,595,000 after purchasing an additional 486,035 shares in the last quarter. Canyon Capital Advisors LLC lifted its holdings in shares of Altaba by 0.8% in the second quarter. Canyon Capital Advisors LLC now owns 43,603,522 shares of the company’s stock valued at $3,192,214,000 after purchasing an additional 325,000 shares in the last quarter. Baupost Group LLC MA purchased a new stake in shares of Altaba in the third quarter valued at about $191,470,000. FIL Ltd lifted its holdings in shares of Altaba by 85.0% in the third quarter. FIL Ltd now owns 2,036,808 shares of the company’s stock valued at $138,747,000 after purchasing an additional 935,768 shares in the last quarter. Finally, NEXT Financial Group Inc purchased a new stake in shares of Altaba in the third quarter valued at about $154,000. Institutional investors own 71.69% of the company’s stock.
Several analysts have issued reports on AABA shares. BidaskClub raised shares of Altaba from a “strong sell” rating to a “sell” rating in a report on Tuesday, September 18th. JPMorgan Chase & Co. reduced their price target on shares of Altaba to $80.00 and set an “overweight” rating on the stock in a report on Monday, November 5th. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Altaba currently has a consensus rating of “Buy” and an average target price of $93.42.
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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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