Lehman & Derafelo Financial Resources LLC Takes $550,000 Position in Altaba Inc (AABA)

Lehman & Derafelo Financial Resources LLC bought a new position in Altaba Inc (NASDAQ:AABA) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 9,500 shares of the company’s stock, valued at approximately $550,000.

A number of other large investors have also modified their holdings of the business. Baupost Group LLC MA purchased a new stake in shares of Altaba during the 3rd quarter valued at about $191,470,000. Alpine Global Management LLC purchased a new stake in shares of Altaba during the 3rd quarter valued at about $68,120,000. FIL Ltd increased its position in shares of Altaba by 85.0% during the 3rd quarter. FIL Ltd now owns 2,036,808 shares of the company’s stock valued at $138,747,000 after purchasing an additional 935,768 shares during the last quarter. Canada Pension Plan Investment Board increased its position in shares of Altaba by 20.2% during the 4th quarter. Canada Pension Plan Investment Board now owns 5,230,000 shares of the company’s stock valued at $303,003,000 after purchasing an additional 880,000 shares during the last quarter. Finally, Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp increased its position in shares of Altaba by 163.5% during the 3rd quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 1,128,150 shares of the company’s stock valued at $76,850,000 after purchasing an additional 700,000 shares during the last quarter. 70.24% of the stock is owned by institutional investors and hedge funds.

Separately, BidaskClub raised shares of Altaba from a “hold” rating to a “buy” rating in a research report on Wednesday, March 6th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $92.33.

Shares of NASDAQ:AABA traded up $0.16 during mid-day trading on Friday, reaching $73.63. 100,626 shares of the company traded hands, compared to its average volume of 6,868,424. Altaba Inc has a 52 week low of $54.75 and a 52 week high of $82.45.

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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.

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Institutional Ownership by Quarter for Altaba (NASDAQ:AABA)

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