Shares of Yahoo! Inc. (NASDAQ:AABA) reached a new 52-week high on Tuesday . The stock traded as high as $60.27 and last traded at $60.16, with a volume of 1,655,762 shares trading hands. The stock had previously closed at $60.03.

Several analysts have recently weighed in on the stock. Pivotal Research lifted their price objective on shares of Yahoo! from $41.00 to $46.00 and gave the company a “hold” rating in a research note on Thursday, April 13th. B. Riley dropped coverage on shares of Yahoo! in a research note on Wednesday, June 14th. UBS AG reiterated a “buy” rating and issued a $58.00 price objective (up previously from $50.00) on shares of Yahoo! in a research note on Wednesday, May 24th. Vetr lowered shares of Yahoo! from a “buy” rating to a “hold” rating and set a $49.02 price objective for the company. in a research note on Monday, April 10th. Finally, Oppenheimer Holdings, Inc. assumed coverage on shares of Yahoo! in a research note on Thursday, July 6th. They issued an “outperform” rating and a $75.00 price objective for the company. Fourteen investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $50.50.

The firm’s market cap is $57.74 billion. The company’s 50 day moving average is $55.83 and its 200-day moving average is $49.33.

A number of hedge funds and other institutional investors have recently made changes to their positions in AABA. Cowen Prime Services LLC purchased a new position in shares of Yahoo! during the second quarter valued at about $183,000. Parallel Advisors LLC purchased a new position in shares of Yahoo! during the second quarter valued at about $208,000. SG Americas Securities LLC purchased a new position in shares of Yahoo! during the second quarter valued at about $221,000. Fernwood Investment Management LLC purchased a new position in shares of Yahoo! during the second quarter valued at about $223,000. Finally, Congress Asset Management Co. MA purchased a new position in shares of Yahoo! during the second quarter valued at about $300,000. 82.44% of the stock is currently owned by institutional investors and hedge funds.

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Yahoo! 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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