Altaba Inc (NASDAQ:AABA) has been assigned a consensus recommendation of “Hold” from the five brokerages that are currently covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $78.00.

A number of research firms have weighed in on AABA. TheStreet cut shares of Altaba from a “c” rating to a “d+” rating in a research note on Tuesday, September 24th. BidaskClub raised shares of Altaba from a “sell” rating to a “hold” rating in a research note on Saturday, September 21st. Finally, ValuEngine raised shares of Altaba from a “hold” rating to a “buy” rating in a research note on Wednesday, October 2nd.

Shares of NASDAQ AABA remained flat at $$69.55 during midday trading on Friday. The firm has a fifty day moving average of $54.57 and a 200 day moving average of $64.09. Altaba has a 1-year low of $19.25 and a 1-year high of $79.18.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Rockefeller Capital Management L.P. bought a new stake in shares of Altaba during the second quarter worth $25,000. HM Payson & Co. bought a new stake in shares of Altaba during the second quarter worth $28,000. Doyle Wealth Management bought a new stake in shares of Altaba during the second quarter worth $32,000. Lenox Wealth Management Inc. bought a new stake in shares of Altaba during the third quarter worth $35,000. Finally, Exane Derivatives bought a new stake in shares of Altaba during the second quarter worth $46,000. 75.39% of the stock is currently owned by hedge funds and other institutional investors.

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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