Sigma Planning Corp purchased a new position in Altaba Inc (NASDAQ:AABA) in the 4th quarter, Holdings Channel reports. The institutional investor purchased 2,986 shares of the company’s stock, valued at approximately $209,000.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. SeaCrest Wealth Management LLC bought a new position in shares of Altaba in the 4th quarter worth $103,000. Cullen Frost Bankers Inc. bought a new position in shares of Altaba in the 4th quarter worth $200,000. Palladium Partners LLC bought a new position in shares of Altaba in the 4th quarter worth $203,000. Brighton Jones LLC bought a new position in shares of Altaba in the 3rd quarter worth $216,000. Finally, Redmond Asset Management LLC acquired a new position in Altaba during the 4th quarter valued at about $279,000. 77.98% of the stock is owned by hedge funds and other institutional investors.
Shares of Altaba Inc (NASDAQ:AABA) opened at $73.51 on Monday. The firm has a market capitalization of $64,202.02, a PE ratio of -3,673.66 and a beta of 2.01. Altaba Inc has a one year low of $44.79 and a one year high of $80.56.
In other Altaba news, CFO Alexi Wellman sold 860 shares of the business’s stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $72.79, for a total transaction of $62,599.40. Following the sale, the chief financial officer now owns 19,845 shares in the company, valued at approximately $1,444,517.55. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Tor Braham sold 10,000 shares of the business’s stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $68.83, for a total value of $688,300.00. Following the sale, the director now owns 9,434 shares in the company, valued at approximately $649,342.22. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,224,860 shares of company stock worth $90,829,699. Company 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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