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 program 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 reacquire 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) announced its quarterly earnings data on Monday, July, 18th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the 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. The business's quarterly revenue was down 19.3% on a year-over-year basis. 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 brokers have issued 12 month target prices 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 year. This suggests a possible upside of 36.2% 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 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 days-to-cover ratio is currently 2.4 days. Currently, 3.6% of the shares of the company are sold short. 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 articles about AABA stock have been trending somewhat negative recently, according to Accern Sentiment Analysis. Accern rates the sentiment of 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 -1 to 1, with scores closest to one being the most favorable. Altaba earned a news impact score of -0.04 on Accern's scale. They also assigned media coverage about the company an impact score of 43.63 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock's share price in the near future.

Altaba's stock is owned by a variety of of institutional and retail investors. Top institutional investors include Fred Alger Management Inc. (0.41%), Nisa Investment Advisors LLC (0.02%), Westpac Banking Corp (0.01%), Cornerstone Wealth Management LLC (0.01%), OTA Financial Group L.P. (0.00%) and DAVENPORT & Co 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., Nisa Investment Advisors LLC 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 Fred Alger Management Inc., Cornerstone Wealth Management LLC, FNY Investment Advisers LLC, Bourgeon Capital Management LLC, Westpac Banking Corp, MCF Advisors LLC, 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 $73.27.

Altaba has a market capitalization of $63.99 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]