Investors sold shares of Altaba Inc (NASDAQ:AABA) on strength during trading hours on Tuesday. $56.52 million flowed into the stock on the tick-up and $255.70 million flowed out of the stock on the tick-down, for a money net flow of $199.18 million out of the stock. Of all companies tracked, Altaba had the 2nd highest net out-flow for the day. Altaba traded up $1.26 for the day and closed at $61.21

Several equities analysts recently commented on AABA shares. BidaskClub cut shares of Altaba from a “buy” rating to a “hold” rating in a research note on Saturday, July 21st. JPMorgan Chase & Co. dropped their target price on shares of Altaba to $80.00 and set an “overweight” rating for the company in a research report on Monday, November 5th. MKM Partners dropped their target price on shares of Altaba to $115.00 and set a “buy” rating for the company in a research report on Thursday, August 16th. Finally, ValuEngine lowered shares of Altaba from a “buy” rating to a “hold” rating in a research report on Wednesday, August 15th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the stock. Altaba has an average rating of “Hold” and a consensus target price of $93.42.

Institutional investors have recently made changes to their positions in the business. Morgan Stanley lifted its position in Altaba by 31.5% during the second quarter. Morgan Stanley now owns 2,029,711 shares of the company’s stock valued at $148,595,000 after purchasing an additional 486,035 shares during the last quarter. Canyon Capital Advisors LLC lifted its holdings in shares of Altaba by 0.8% in the 2nd quarter. Canyon Capital Advisors LLC now owns 43,603,522 shares of the company’s stock worth $3,192,214,000 after acquiring an additional 325,000 shares during the last quarter. FMR LLC lifted its holdings in shares of Altaba by 3.8% in the 2nd quarter. FMR LLC now owns 1,775,049 shares of the company’s stock worth $129,952,000 after acquiring an additional 64,603 shares during the last quarter. Fred Alger Management Inc. lifted its holdings in shares of Altaba by 17.3% in the 2nd quarter. Fred Alger Management Inc. now owns 3,564,356 shares of the company’s stock worth $260,947,000 after acquiring an additional 525,060 shares during the last quarter. Finally, Marshall Wace LLP lifted its holdings in shares of Altaba by 12.5% in the 2nd quarter. Marshall Wace LLP now owns 30,655 shares of the company’s stock worth $2,244,000 after acquiring an additional 3,418 shares during the last quarter.

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About Altaba (NASDAQ:AABA)

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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