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Wealthfront Advisers LLC Reduces Holdings in SBA Communications Corporation $SBAC
Wealthfront Advisers LLC significantly cut its stake in SBA Communications Corporation by 22.3% in Q3, selling 11,702 shares. Despite this, other major institutional investors like Norges Bank and Mitsubishi UFJ Trust & Banking Corp substantially increased their holdings, leading to overall institutional ownership of 97.35%. Analysts maintain a “Moderate Buy” rating with an average target price of $235.18, against the current trading price around $190.96.