Large Institutional Investors Report Holdings in Altaba Inc. (AABA)

Altaba Inc. (NASDAQ:AABA) recovered 7.25% of its value since hitting low of $54.75. The recent move of 5.74% gain helped the stock to close at $58.72 when trading ended on 01/04/2019. At recent session, the prices were hovering between $56.5 and $59.38. This company shares are 36.24% off its target price of $80 and the current market capitalization stands at $35.38B. The recent change has given its price a -3.96% deficit over SMA 50 and -28.78% deficit over its 52-week high. The stock witnessed -12.12% declines, -12.68% declines and -19.95% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found AABA’s volatility during a week at 3.3% and during a month it has been found around 3.28%.

Altaba Inc. (AABA) Top Holders

Institutional investors currently hold around $26.28 billion or 75.8% in AABA stock. Look at its top three institutional owners. Elliott Associates, L.P. owns $1.47 billion in Altaba Inc., which represents roughly 4.16% of the company’s market cap and approximately 5.6% of the institutional ownership. Similar statistics are true for the second largest owner, Farallon Capital Management Llc, which owns 21,237,317 shares of the stock are valued at $1.25 billion. The third largest holder is Bank Of America Corp /De/, which currently holds $1.13 billion worth of this stock and that ownership represents nearly 3.2% of its market capitalization.

Altaba Inc. 13F Filings

At the end of September reporting period, 155 institutional holders increased their position in Altaba Inc. (NASDAQ:AABA) by some 31,132,613 shares, 251 decreased positions by 268,665,577 and 139 held positions by 147,703,147. That puts total institutional holdings at 447,501,337 shares, according to SEC filings. The stock grabbed 54 new institutional investments totaling 9,095,825 shares while 70 institutional investors sold out their entire positions totaling 82,743,139 shares.

Altaba Inc. (NASDAQ:AABA) Insider Trades

Multiple company employees have indulged in significant insider trading. Altaba Inc. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that CFO Wellman Alexi has sold 1,262 shares of Altaba Inc. (AABA) in trading session dated Mar. 12, 2018. These shares are worth $97,048 and were traded at $76.9 each. The SEC filing shows that Wellman Alexi performed a sale of 1,940 shares. The CFO disposed these shares by way of transaction on Mar. 06, 2018. The company’s shares were given away at $75.04 per share worth to an income of some $145,578 on account of Wellman Alexi.

10% Owner, Tci Fund Management Ltd, sold 1,214,000 common shares of Altaba Inc. (AABA) in the open market. In a transaction dated Jan. 19, 2018, the shares were put up for sale at an average price of $74.2, raking in a sum of $90,078,800. After this sale, 84,709,952 common shares of AABA are directly owned by the insider, with total stake valued at $4,974,000,000.

In the transaction dated Nov. 29, 2017, the great number of shares disposed came courtesy the Director; Braham Tor disposed a total of 10,000 shares at an average price of $68.83, amounting to approximately $688,300. The insider now directly owns 9,434 shares worth $553,964.

Altaba Inc. (AABA) Analyst Guide

Several analysts have released their opinion on Altaba Inc. (NASDAQ:AABA), with 0 analysts believing it is a strong buy. Whereas 1 of them predict the stock is a hold. Also, there are 1 buy, 0 sell and 0 strong sell ratings, collectively assigning a 2.5 average brokerage recommendation.