Westpac Banking Corp grew its holdings in shares of Altaba Inc (NASDAQ:AABA) by 4.2% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 78,840 shares of the company’s stock after acquiring an additional 3,200 shares during the quarter. Westpac Banking Corp’s holdings in Altaba were worth $5,469,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. FTB Advisors Inc. purchased a new position in shares of Altaba during the first quarter worth approximately $26,000. Cullen Frost Bankers Inc. purchased a new position in shares of Altaba during the first quarter worth approximately $26,000. Exane Derivatives purchased a new position in shares of Altaba during the second quarter worth approximately $46,000. Destination Wealth Management raised its stake in shares of Altaba by 51.0% during the second quarter. Destination Wealth Management now owns 711 shares of the company’s stock worth $49,000 after acquiring an additional 240 shares in the last quarter. Finally, Thomas J. Herzfeld Advisors Inc. purchased a new position in shares of Altaba during the first quarter worth approximately $63,000. 79.70% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Altaba stock traded up $0.08 on Friday, hitting $69.98. The stock had a trading volume of 64,086 shares, compared to its average volume of 3,415,887. Altaba Inc has a one year low of $54.75 and a one year high of $79.18. The stock’s 50-day simple moving average is $70.20 and its two-hundred day simple moving average is $70.52.

Several research analysts have commented on AABA shares. BidaskClub downgraded shares of Altaba from a “hold” rating to a “sell” rating in a research note on Wednesday, July 31st. ValuEngine downgraded shares of Altaba from a “buy” rating to a “hold” rating in a research note on Wednesday, May 8th. Finally, Zacks Investment Research raised shares of Altaba from a “strong sell” rating to a “hold” rating in a research note on Tuesday, June 4th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $96.50.

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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Institutional Ownership by Quarter for Altaba (NASDAQ:AABA)

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