Altaba Inc. operates as a non-diversified, closed-end management investment company in the United States. Its assets consist primarily of equity investments, short-term debt investments, and cash. The company was formerly known as Yahoo! Inc. and changed its name to Altaba Inc. in June 2017. Altaba Inc. was founded in 1994 and is based in New York, New York.
Industry, Sector and Symbol
Industry Computer integrated systems design
Sub-IndustryN/A
SectorFinance
Phone408-349-3300
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$5.17 billion
Profitability
Miscellaneous
EmployeesN/A
OptionableOptionable
Altaba (NASDAQ:AABA) Frequently Asked Questions
What is Altaba's stock symbol?
Altaba trades on the NASDAQ under the ticker symbol "AABA."
How will Altaba's stock buyback program work?
Altaba declared that its board has approved a stock buyback plan on Monday, July 31st 2017, which allows the company to buyback $5,000,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to repurchase up to 8.4% of its stock through open market purchases. Stock buyback plans are generally an indication that the company's management believes its stock is undervalued.
What price target have analysts set for AABA?
6 equities research analysts have issued 12-month price targets for Altaba's shares. Their predictions range from $80.00 to $115.00. On average, they expect Altaba's share price to reach $95.80 in the next year. This suggests a possible upside of 41.2% from the stock's current price. View Analyst Price Targets for Altaba.
What is the consensus analysts' recommendation 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.
Has Altaba been receiving favorable news coverage?
Media stories about AABA stock have trended somewhat positive on Saturday, InfoTrie Sentiment Analysis reports. The research group ranks the sentiment of news coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Altaba earned a news sentiment score of 1.5 on InfoTrie's scale. They also assigned news stories about the company a news buzz of 1.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the stock's share price in the next several days.
Are investors shorting Altaba?
Altaba saw a increase in short interest in the month of January. As of January 31st, there was short interest totalling 21,216,265 shares, an increase of 9.3% from the January 15th total of 19,409,948 shares. Based on an average daily volume of 7,455,377 shares, the short-interest ratio is presently 2.8 days. Approximately 3.9% of the shares of the company are short sold. View Altaba's Current Options Chain.
Who are some of Altaba's key competitors?
Some companies that are related to Altaba include Cerner (CERN), Godaddy (GDDY), Jack Henry & Associates (JKHY), Open Text (OTEX), Leidos (LDOS), Caci International (CACI), Verint Systems (VRNT), Science Applications International (SAIC), Scientific Games (SGMS), NetScout Systems (NTCT), Allscripts Healthcare Solutions (MDRX), Ebix (EBIX), Sykes Enterprises (SYKE), Nextgen Healthcare (NXGN) and Unisys (UIS).
Who are Altaba's key executives?
Altaba's management team includes the folowing people:
- Mr. Thomas J. McInerney, CEO & Director (Age 55)
- Ms. Alexi A. Wellman, Chief Financial & Accounting Officer (Age 49)
- Mr. Joon Huh, Head of Investor Relation
- Mr. Arthur Chong, Gen. Counsel & Sec. (Age 66)
- Ms. DeAnn Fairfield Work, Chief Compliance Officer (Age 50)
Who are Altaba's major shareholders?
Altaba's stock is owned by a variety of of institutional and retail investors. Top institutional investors include Elliott Management Corp (3.68%), Owl Creek Asset Management L.P. (2.97%), Millennium Management LLC (1.93%), Hsbc Holdings PLC (1.00%), Canada Pension Plan Investment Board (0.87%) and Bank of Nova Scotia (0.41%). Company insiders that own Altaba stock include Alexi Wellman, Lisa Utzschneider, Tci Fund Management Ltd and Tor Braham. View Institutional Ownership Trends for Altaba.
Which major investors are selling Altaba stock?
AABA stock was sold by a variety of institutional investors in the last quarter, including Prudential PLC, Elliott Management Corp, Bank of Nova Scotia, AGF Investments Inc., Bank of New York Mellon Corp, Gates Capital Management Inc., Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp and Coronation Fund Managers Ltd.. View Insider Buying and Selling for Altaba.
Which major investors are buying Altaba stock?
AABA stock was purchased by a variety of institutional investors in the last quarter, including Samlyn Capital LLC, Canada Pension Plan Investment Board, LMR Partners LLP, Syquant Capital Sas, Hsbc Holdings PLC, BlackRock Inc., Kepos Capital LP and Manikay Partners LLC. View Insider Buying and Selling for Altaba.
How do I buy shares of 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.
What is Altaba's stock price today?
One share of AABA stock can currently be purchased for approximately $67.86.
How big of a company is Altaba?
Altaba has a market capitalization of $40.89 billion and generates $5.17 billion in revenue each year.
What is Altaba's official website?
How can I contact Altaba?
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]
MarketBeat Community Rating for Altaba (NASDAQ AABA)
MarketBeat's community ratings are surveys of what our community members think about Altaba and other stocks. Vote "Outperform" if you believe AABA will outperform the S&P 500 over the long term. Vote "Underperform" if you believe AABA will underperform the S&P 500 over the long term. You may vote once every thirty days.
