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

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

Altaba announced that its board has authorized a share buyback program on Monday, July 31st 2017, which allows the company to repurchase $5,000,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to repurchase up to 8.4% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company's board of directors believes its shares are undervalued.

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

Altaba is scheduled to release their next quarterly earnings announcement on Tuesday, June, 19th 2018. View Earnings Estimates for Altaba.

6 brokers have issued 12-month target prices for Altaba's stock. Their predictions range from $48.00 to $124.00. On average, they expect Altaba's stock 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 trading volume, of 3,297,490 shares, the days-to-cover ratio is presently 8.1 days. Approximately 3.3% of the shares of the company are short sold.

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).

Press coverage about AABA stock has trended somewhat positive this week, according to Accern. Accern scores the sentiment of media coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Altaba earned a media sentiment score of 0.09 on Accern's scale. They also assigned media stories about the company an impact score of 46.07 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock's share price in the near future.

Altaba's stock is owned by a number of of institutional and retail investors. Top institutional shareholders 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 purchased 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 $79.31.

Altaba has a market capitalization of $71.15 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]