NASDAQ:AABA - Altaba Stock Price, News, Headlines & Rumors

Altaba trades on the NASDAQ under the ticker symbol "AABA."

Altaba declared that its board has approved a stock repurchase plan on Monday, July 31st 2017, which permits the company to repurchase $5,000,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to repurchase up to 8.4% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's management believes its shares are undervalued.

Altaba Inc (NASDAQ:AABA) posted its quarterly earnings data on Monday, July, 18th. The company reported $0.09 EPS for the quarter, missing the Zacks' consensus estimate of $0.10 by $0.01. The business earned $842 million during the quarter, compared to analysts' expectations of $1.08 billion. The firm's revenue was down 19.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.16 earnings per share. View Altaba's Earnings History.

Altaba is scheduled to release their next quarterly earnings announcement on Wednesday, August, 15th 2018. View Earnings Estimates for Altaba.

6 brokerages have issued 12 month price targets for Altaba's shares. Their forecasts range from $82.00 to $124.00. On average, they anticipate Altaba's stock price to reach $99.80 in the next year. This suggests a possible upside of 46.4% from the stock's current price. View Analyst Price Targets for Altaba.

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Altaba in the last year. There are currently 2 hold ratings and 4 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Altaba.

Altaba saw a increase in short interest in July. As of July 31st, there was short interest totalling 40,812,828 shares, an increase of 14.1% from the July 13th total of 35,761,739 shares. Based on an average daily volume of 11,488,557 shares, the days-to-cover ratio is currently 3.6 days. Currently, 5.0% of the shares of the company are short sold. View Altaba's Current Options Chain.

Some companies that are related to Altaba include Cerner (CERN), Godaddy (GDDY), Jack Henry & Associates (JKHY), Leidos (LDOS), Open Text (OTEX), CSRA (CSRA), CACI INTERNATIONAL INC Common Stock (CACI), Science Applications International (SAIC), Scientific Games (SGMS), Verint Systems (VRNT), Ebix (EBIX), Allscripts Healthcare Solutions (MDRX), Convergys (CVG), NetScout Systems (NTCT) and Quality Systems (QSII).

News headlines about AABA stock have trended somewhat positive this week, Accern reports. The research firm scores the sentiment of news coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Altaba earned a media and rumor sentiment score of 0.13 on Accern's scale. They also gave media stories about the company an impact score of 46.59 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company's share price in the next several days. View Recent Headlines for Altaba.

Altaba's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include LMR Partners LLP (0.89%), Canada Pension Plan Investment Board (0.76%), Starboard Value LP (0.70%), Abrams Capital Management L.P. (0.48%), Fred Alger Management Inc. (0.41%) and Commonwealth of Pennsylvania Public School Empls Retrmt SYS (0.33%). Company insiders that own Altaba stock include Alexi Wellman, Lisa Utzschneider, Tci Fund Management Ltd and Tor Braham. View Institutional Ownership Trends for Altaba.

AABA stock was sold by a variety of institutional investors in the last quarter, including Starboard Value LP, Nokota Management LP, Canada Pension Plan Investment Board, Segantii Capital Management Ltd, Zweig DiMenna Associates LLC, Commerzbank Aktiengesellschaft FI, Locust Wood Capital Advisers LLC and BTG Pactual Global Asset Management Ltd. Company insiders that have sold Altaba company stock in the last year include Alexi Wellman, Tci Fund Management Ltd and Tor Braham. View Insider Buying and Selling for Altaba.

AABA stock was acquired by a variety of institutional investors in the last quarter, including LMR Partners LLP, Commonwealth of Pennsylvania Public School Empls Retrmt SYS, Coronation Fund Managers Ltd., TD Asset Management Inc., Fred Alger Management Inc., Morgan Stanley, SG Americas Securities LLC and Cadian Capital Management LP. View Insider Buying and Selling for Altaba.

Shares of AABA can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of AABA stock can currently be purchased for approximately $68.15.

Altaba has a market capitalization of $56.81 billion and generates $5.17 billion in revenue each year. Altaba employs 8,500 workers across the globe.

Altaba's mailing address is 701 FIRST AVENUE, SUNNYVALE CA, 94089. The company can be reached via phone at 408-349-3300 or via email at [email protected]