York Capital Management Global Advisors LLC Has $378.87 Million Holdings in Altaba Inc (AABA)

York Capital Management Global Advisors LLC trimmed its position in Altaba Inc (NASDAQ:AABA) by 7.0% during the 4th quarter, Holdings Channel reports. The firm owned 5,424,079 shares of the company’s stock after selling 408,648 shares during the period. Altaba accounts for about 9.2% of York Capital Management Global Advisors LLC’s portfolio, making the stock its 3rd largest position. York Capital Management Global Advisors LLC’s holdings in Altaba were worth $378,872,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Hudson Bay Capital Management LP lifted its holdings in shares of Altaba by 89.7% in the 4th quarter. Hudson Bay Capital Management LP now owns 7,167,499 shares of the company’s stock worth $500,650,000 after acquiring an additional 3,390,092 shares during the last quarter. Franklin Resources Inc. lifted its holdings in shares of Altaba by 4.8% in the 4th quarter. Franklin Resources Inc. now owns 5,615,610 shares of the company’s stock worth $392,251,000 after acquiring an additional 256,471 shares during the last quarter. Governors Lane LP lifted its holdings in shares of Altaba by 3.3% in the 4th quarter. Governors Lane LP now owns 3,086,600 shares of the company’s stock worth $215,599,000 after acquiring an additional 100,000 shares during the last quarter. Lazard Asset Management LLC lifted its holdings in shares of Altaba by 96.2% in the 4th quarter. Lazard Asset Management LLC now owns 3,013,517 shares of the company’s stock worth $210,494,000 after acquiring an additional 1,477,332 shares during the last quarter. Finally, Fred Alger Management Inc. lifted its holdings in shares of Altaba by 62.3% in the 4th quarter. Fred Alger Management Inc. now owns 2,763,304 shares of the company’s stock worth $193,017,000 after acquiring an additional 1,060,894 shares during the last quarter. Institutional investors own 73.85% of the company’s stock.

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In related news, major shareholder Tci Fund Management Ltd sold 1,214,000 shares of the company’s stock in a transaction that occurred on Friday, January 19th. The shares were sold at an average price of $74.20, for a total transaction of $90,078,800.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Alexi Wellman sold 1,940 shares of the company’s stock in a transaction that occurred on Tuesday, March 6th. The stock was sold at an average price of $75.04, for a total transaction of $145,577.60. Following the sale, the chief financial officer now directly owns 17,905 shares in the company, valued at $1,343,591.20. The disclosure for this sale can be found here. 24.00% of the stock is owned by corporate insiders.

Shares of Altaba Inc (NASDAQ:AABA) traded up $0.88 on Monday, reaching $77.50. 492,925 shares of the company traded hands, compared to its average volume of 7,781,177. Altaba Inc has a 1 year low of $45.60 and a 1 year high of $80.56. The stock has a market cap of $67,710.00, a P/E ratio of 2.87 and a beta of 2.00.

Several equities analysts have recently commented on AABA shares. UBS Group restated a “buy” rating and issued a $98.00 price objective (up from $92.00) on shares of Altaba in a report on Thursday, February 22nd. BidaskClub upgraded shares of Altaba from a “hold” rating to a “buy” rating in a report on Tuesday, January 30th. Vetr lowered shares of Altaba from a “hold” rating to a “sell” rating and set a $73.32 price objective on the stock. in a report on Tuesday, January 23rd. Credit Suisse Group upped their price objective on shares of Altaba from $81.00 to $86.00 and gave the stock a “neutral” rating in a report on Wednesday, February 28th. Finally, Oppenheimer upped their price objective on shares of Altaba from $98.00 to $104.00 and gave the stock an “outperform” rating in a report on Wednesday, February 28th. Five equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $71.96.

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Altaba Company Profile

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.

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Institutional Ownership by Quarter for Altaba (NASDAQ:AABA)

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