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 stock buyback plan on Monday, July 31st 2017, which allows the company to repurchase $5,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to reacquire up to 8.4% of its shares through open market purchases. Shares repurchase plans are often a sign that the company's board of directors believes its stock is undervalued.

Altaba Inc (NASDAQ:AABA) posted its earnings results 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 business's revenue for the quarter was down 19.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.16 EPS. 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 Wall Street analysts have issued 12 month price targets for Altaba's shares. Their predictions range from $82.00 to $124.00. On average, they anticipate Altaba's stock price to reach $99.80 in the next twelve months. This suggests a possible upside of 32.4% from the stock's current price. View Analyst Ratings 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."

Altaba saw a increase in short interest in the month of June. As of June 29th, there was short interest totalling 29,455,866 shares, an increase of 5.9% from the June 15th total of 27,816,152 shares. Based on an average daily volume of 12,256,306 shares, the short-interest ratio is currently 2.4 days. Approximately 3.6% of the shares of the stock 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 Sykes Enterprises (SYKE).

News stories about AABA stock have been trending somewhat positive on Wednesday, according to Accern. The research firm identifies positive and negative news coverage by reviewing more than 20 million news and blog 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 news impact score of 0.17 on Accern's scale. They also assigned news articles about the company an impact score of 47.56 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company's share price in the near future.

Altaba's stock is owned by a variety of of retail and institutional investors. Top institutional investors include OTA Financial Group L.P. (0.00%), DAVENPORT & Co LLC (0.00%), Laurel Grove Capital LLC (0.00%) and Filament LLC (0.00%). 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 OTA Financial Group L.P. and DAVENPORT & Co LLC. 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 purchased by a variety of institutional investors in the last quarter, including Filament LLC and Laurel Grove Capital 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 $75.36.

Altaba has a market capitalization of $65.05 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]