CQS Cayman LP trimmed its position in Altaba Inc (NASDAQ:AABA) by 73.7% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 66,107 shares of the company’s stock after selling 185,101 shares during the period. CQS Cayman LP’s holdings in Altaba were worth $4,504,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. Westpac Banking Corp raised its holdings in Altaba by 14.4% during the 2nd quarter. Westpac Banking Corp now owns 52,487 shares of the company’s stock valued at $3,843,000 after buying an additional 6,600 shares during the period. Cornerstone Wealth Management LLC purchased a new stake in Altaba during the 2nd quarter valued at $600,000. Steward Partners Investment Advisory LLC raised 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 valued at $1,006,000 after buying an additional 810 shares during the period. Kiley Juergens Wealth Management LLC purchased a new stake in Altaba during the 2nd quarter valued at $143,000. Finally, Perella Weinberg Partners Capital Management LP purchased a new stake in Altaba during the 2nd quarter valued at $17,339,000.

AABA stock opened at $63.59 on Monday. Altaba Inc has a twelve month low of $55.76 and a twelve month high of $82.45.

Several analysts recently weighed in on AABA shares. JPMorgan Chase & Co. restated an “overweight” rating and set a $88.00 price target (down previously from $91.00) on shares of Altaba in a report on Friday, August 24th. MKM Partners decreased their price target on Altaba to $115.00 and set a “buy” rating on the stock in a report on Thursday, August 16th. BidaskClub lowered Altaba from a “sell” rating to a “strong sell” rating in a report on Saturday, September 8th. Finally, ValuEngine lowered Altaba from a “buy” rating to a “hold” rating in a research note on Wednesday, August 15th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $93.42.

ILLEGAL ACTIVITY WARNING: This piece was reported by Daily Political and is owned by of Daily Political. If you are viewing this piece on another website, it was illegally stolen and republished in violation of United States and international trademark & copyright laws. The legal version of this piece can be viewed at https://www.dailypolitical.com/2018/11/19/cqs-cayman-lp-decreases-position-in-altaba-inc-aaba.html.

Altaba 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.

Recommended Story: What does RSI mean?

Want to see what other hedge funds are holding AABA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Altaba Inc (NASDAQ:AABA).

Institutional Ownership by Quarter for Altaba (NASDAQ:AABA)

Receive News & Ratings for Altaba Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Altaba and related companies with MarketBeat.com's FREE daily email newsletter.