NASDAQ:AABA - Altaba Stock Price, Price Target & More

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

Altaba announced that its Board of Directors has initiated a share buyback plan on Monday, July 31st 2017, which permits the company to repurchase $5,000,000,000.00 in outstanding 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 generally a sign that the company's board believes its stock is undervalued.

Altaba Inc (NASDAQ:AABA) issued its quarterly earnings results on Monday, July, 18th. The company reported $0.09 earnings per share (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 the consensus estimate of $1.08 billion. The business's revenue was down 19.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.16 EPS. View Altaba's Earnings History.

Altaba is scheduled to release their next quarterly earnings announcement on Tuesday, June, 26th 2018. View Earnings Estimates for Altaba.

6 Wall Street analysts have issued twelve-month price targets for Altaba's stock. Their forecasts range from $48.00 to $124.00. On average, they anticipate Altaba's share price to reach $92.1667 in the next year. View Analyst Ratings for Altaba.

Altaba saw a increase in short interest in May. As of May 31st, there was short interest totalling 26,714,465 shares, an increase of 0.9% from the May 15th total of 26,957,021 shares. Based on an average daily volume of 3,297,490 shares, the short-interest ratio is presently 8.1 days. Currently, 3.3% of the company's shares 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), Open Text (OTEX), Leidos (LDOS), CSRA (CSRA), Scientific Games (SGMS), CACI INTERNATIONAL INC Common Stock (CACI), Science Applications International (SAIC), Verint Systems (VRNT), Ebix (EBIX), NetScout Systems (NTCT), Convergys (CVG), Allscripts Healthcare Solutions (MDRX) and Quality Systems (QSII).

News stories about AABA stock have trended positive on Wednesday, Accern Sentiment Analysis reports. The research firm ranks the sentiment of news coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Altaba earned a daily sentiment score of 0.43 on Accern's scale. They also assigned media coverage about the company an impact score of 48.26 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company's share price in the immediate future.

Altaba's stock is owned by a number of of retail and institutional investors. Top institutional investors include Canyon Capital Advisors LLC (4.96%), Element Capital Management LLC (2.39%), OZ Management LP (1.66%), Hsbc Holdings PLC (1.07%), Farallon Capital Management LLC (0.97%) and First Pacific Advisors LLC (0.79%). 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 Iridian Asset Management LLC CT, Farallon Capital Management LLC, PointState Capital LP, Element Capital Management LLC, Twin Securities Inc., Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp, First Pacific Advisors LLC and Carve CapitalAB. 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 bought by a variety of institutional investors in the last quarter, including Canyon Capital Advisors LLC, OZ Management LP, Suvretta Capital Management LLC, Hsbc Holdings PLC, P Schoenfeld Asset Management LP, MSD Partners L.P., Zweig DiMenna Associates LLC and Stonehill Capital Management LLC. 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 $81.11.

Altaba has a market capitalization of $71.28 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]