Bessemer Group Inc. Reduces Stake in Altaba Inc (AABA)
Bessemer Group Inc. decreased its stake in shares of Altaba Inc (NASDAQ:AABA) by 21.2% during the 4th quarter, HoldingsChannel.com reports. The firm owned 4,451 shares of the company’s stock after selling 1,200 shares during the quarter. Bessemer Group Inc.’s holdings in Altaba were worth $312,000 as of its most recent filing with the SEC.
Several other large investors also recently bought and sold shares of AABA. Canada Pension Plan Investment Board increased its holdings in shares of Altaba by 315.5% during the 3rd quarter. Canada Pension Plan Investment Board now owns 5,926,117 shares of the company’s stock worth $392,546,000 after purchasing an additional 4,500,000 shares during the period. Opera Trading Capital increased its holdings in shares of Altaba by 8,700.7% during the 3rd quarter. Opera Trading Capital now owns 79,206 shares of the company’s stock worth $5,247,000 after purchasing an additional 78,306 shares during the period. Russell Investments Group Ltd. increased its holdings in shares of Altaba by 409.6% during the 3rd quarter. Russell Investments Group Ltd. now owns 86,452 shares of the company’s stock worth $5,727,000 after purchasing an additional 69,488 shares during the period. SG Americas Securities LLC increased its holdings in shares of Altaba by 6,364.1% during the 3rd quarter. SG Americas Securities LLC now owns 261,927 shares of the company’s stock worth $17,350,000 after purchasing an additional 257,875 shares during the period. Finally, Brighton Jones LLC bought a new position in shares of Altaba during the 3rd quarter worth about $216,000. Institutional investors own 79.68% of the company’s stock.
Shares of Altaba Inc (NASDAQ:AABA) opened at $71.31 on Wednesday. The firm has a market cap of $62,280.00, a PE ratio of 38.13 and a beta of 2.01. Altaba Inc has a 52 week low of $44.64 and a 52 week high of $80.56.
In other Altaba news, CFO Alexi Wellman sold 860 shares of the company’s stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $72.79, for a total transaction of $62,599.40. Following the sale, the chief financial officer now directly owns 19,845 shares of the company’s stock, valued at $1,444,517.55. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Tor Braham sold 10,000 shares of the company’s stock in a transaction dated Wednesday, November 29th. The stock was sold at an average price of $68.83, for a total transaction of $688,300.00. Following the sale, the director now directly owns 9,434 shares in the company, valued at $649,342.22. The disclosure for this sale can be found here. Insiders have sold 1,224,860 shares of company stock worth $90,829,699 over the last ninety days. Insiders own 24.00% of the company’s stock.
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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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