Altaba (NASDAQ:AABA) was upgraded by research analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a research report issued to clients and investors on Tuesday, September 18th.

Several other equities research analysts also recently issued reports on AABA. JPMorgan Chase & Co. reaffirmed an “overweight” rating and issued a $88.00 price target (down from $91.00) on shares of Altaba in a research report on Friday, August 24th. MKM Partners decreased their target price on Altaba to $115.00 and set a “buy” rating on the stock in a research report on Thursday, August 16th. ValuEngine downgraded Altaba from a “buy” rating to a “hold” rating in a research report on Wednesday, August 15th. Gabelli downgraded Altaba from a “buy” rating to a “hold” rating in a research report on Wednesday, July 11th. Finally, Credit Suisse Group raised their price target on shares of Altaba from $76.00 to $88.00 in a research note on Friday, June 8th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company’s stock. Altaba has an average rating of “Hold” and a consensus target price of $94.75.

Altaba stock traded up $2.05 during mid-day trading on Tuesday, hitting $61.98. 7,631,477 shares of the company’s stock were exchanged, compared to its average volume of 9,084,184. Altaba has a 1-year low of $57.61 and a 1-year high of $82.45.

A number of hedge funds have recently bought and sold shares of the stock. Baird Financial Group Inc. raised its position in Altaba by 5.2% in the 1st quarter. Baird Financial Group Inc. now owns 16,238 shares of the company’s stock worth $1,202,000 after purchasing an additional 797 shares during the last quarter. Steward Partners Investment Advisory LLC grew its holdings in Altaba by 6.3% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 13,739 shares of the company’s stock worth $1,006,000 after acquiring an additional 810 shares during the period. BB&T Corp grew its holdings in Altaba by 8.4% during the 2nd quarter. BB&T Corp now owns 16,148 shares of the company’s stock worth $1,182,000 after acquiring an additional 1,252 shares during the period. First Republic Investment Management Inc. grew its holdings in Altaba by 7.6% during the 1st quarter. First Republic Investment Management Inc. now owns 18,110 shares of the company’s stock worth $1,341,000 after acquiring an additional 1,285 shares during the period. Finally, Weik Capital Management grew its holdings in Altaba by 13.9% during the 2nd quarter. Weik Capital Management now owns 13,720 shares of the company’s stock worth $1,004,000 after acquiring an additional 1,670 shares during the period. Hedge funds and other institutional investors own 83.90% of the company’s stock.

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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Analyst Recommendations for Altaba (NASDAQ:AABA)

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