HBK Investments L P increased its position in shares of Altaba Inc (NASDAQ:AABA) by 4.9% during the 4th quarter, Holdings Channel reports. The firm owned 15,916,930 shares of the company’s stock after purchasing an additional 750,000 shares during the quarter. Altaba makes up approximately 10.4% of HBK Investments L P’s holdings, making the stock its 2nd largest holding. HBK Investments L P’s holdings in Altaba were worth $1,111,798,000 as of its most recent SEC filing.
Other institutional investors have also recently added to or reduced their stakes in the company. First Republic Investment Management Inc. boosted its stake in Altaba by 5.1% in the fourth quarter. First Republic Investment Management Inc. now owns 16,825 shares of the company’s stock valued at $1,175,000 after acquiring an additional 815 shares during the last quarter. Steward Partners Investment Advisory LLC boosted its stake in Altaba by 14.5% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 8,735 shares of the company’s stock valued at $610,000 after acquiring an additional 1,106 shares during the last quarter. Commerce Bank boosted its stake in Altaba by 22.8% in the fourth quarter. Commerce Bank now owns 6,190 shares of the company’s stock valued at $433,000 after acquiring an additional 1,150 shares during the last quarter. SeaCrest Wealth Management LLC purchased a new position in Altaba in the fourth quarter valued at about $103,000. Finally, Bronfman E.L. Rothschild L.P. boosted its stake in Altaba by 57.2% in the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 5,617 shares of the company’s stock valued at $392,000 after acquiring an additional 2,043 shares during the last quarter. Institutional investors and hedge funds own 73.85% of the company’s stock.
Shares of Altaba Inc (AABA) opened at $76.62 on Monday. Altaba Inc has a 12-month low of $45.60 and a 12-month high of $80.56. The stock has a market cap of $66,918.23, a P/E ratio of -3,829.09 and a beta of 2.00.
In other news, major shareholder Tci Fund Management Ltd sold 1,214,000 shares of the business’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 value of $90,078,800.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Alexi Wellman sold 1,940 shares of the business’s stock in a transaction that occurred on Tuesday, March 6th. The shares were sold at an average price of $75.04, for a total transaction of $145,577.60. Following the completion of the sale, the chief financial officer now directly owns 17,905 shares in the company, valued at approximately $1,343,591.20. The disclosure for this sale can be found here. Insiders own 24.00% of the company’s stock.
WARNING: This piece of content was first posted by Sports Perspectives and is owned by of Sports Perspectives. If you are reading this piece of content on another site, it was illegally stolen and reposted in violation of U.S. & international copyright & trademark legislation. The legal version of this piece of content can be viewed at https://sportsperspectives.com/2018/03/12/hbk-investments-l-p-purchases-750000-shares-of-altaba-inc-aaba.html.
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.
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).
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.