Altaba Inc (NASDAQ:AABA) has earned a consensus rating of “Buy” from the nine brokerages that are presently covering the stock, Marketbeat Ratings reports. Four analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $93.42.

Several brokerages recently weighed in on AABA. BidaskClub upgraded shares of Altaba from a “sell” rating to a “hold” rating in a research report on Wednesday, January 9th. JPMorgan Chase & Co. cut their price objective on shares of Altaba to $80.00 and set an “overweight” rating on the stock in a research report on Monday, November 5th.

Shares of NASDAQ:AABA opened at $68.50 on Tuesday. Altaba has a fifty-two week low of $54.75 and a fifty-two week high of $82.45.

Institutional investors have recently added to or reduced their stakes in the business. Advisor Group Inc. increased its position in shares of Altaba by 18.2% in the fourth quarter. Advisor Group Inc. now owns 9,339 shares of the company’s stock worth $541,000 after acquiring an additional 1,436 shares in the last quarter. Raymond James & Associates increased its position in shares of Altaba by 106.8% in the fourth quarter. Raymond James & Associates now owns 151,717 shares of the company’s stock worth $8,790,000 after acquiring an additional 78,351 shares in the last quarter. Bremer Trust National Association purchased a new position in shares of Altaba in the fourth quarter worth approximately $71,000. Bruderman Asset Management LLC purchased a new position in shares of Altaba in the fourth quarter worth approximately $122,000. Finally, Private Advisor Group LLC increased its position in shares of Altaba by 129.4% in the fourth quarter. Private Advisor Group LLC now owns 19,534 shares of the company’s stock worth $1,132,000 after acquiring an additional 11,018 shares in the last quarter. 71.49% of the stock is currently owned by hedge funds and other institutional investors.

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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