Altaba (AABA) Given Media Impact Rating of 0.19
Media stories about Altaba (NASDAQ:AABA) have been trending somewhat positive recently, Accern reports. Accern ranks the sentiment of media coverage by analyzing more than 20 million blog and news sources. 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 media sentiment score of 0.19 on Accern’s scale. Accern also assigned news articles about the company an impact score of 45.3857630102484 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
These are some of the headlines that may have effected Accern Sentiment Analysis’s scoring:
- Altaba Inc. (AABA) – Unusual Volume Activity on Watch List – Wall Street Morning (wallstreetmorning.com)
- Altaba (AABA) Stock Rating Upgraded by BidaskClub (americanbankingnews.com)
- Altaba Inc. (NASDAQ:AABA) – Hot Stock in the Spotlight – Nasdaq Journal (press release) (nasdaqjournal.com)
- Most Shocking Stock Movements: Altaba Inc. (AABA), Marathon Oil Corporation (MRO) – Market Movers (financialqz.com)
- First Week of AABA February 2018 Options Trading (nasdaq.com)
Several equities analysts recently weighed in on the stock. MKM Partners reaffirmed a “buy” rating and set a $76.00 target price on shares of Altaba in a research note on Friday, September 1st. BidaskClub upgraded shares of Altaba from a “hold” rating to a “buy” rating in a report on Friday. Finally, UBS Group reissued a “buy” rating and issued a $77.00 target price on shares of Altaba in a report on Friday, September 22nd. Eleven investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Altaba presently has an average rating of “Buy” and an average target price of $54.45.
Shares of Altaba (NASDAQ AABA) traded down $0.01 during mid-day trading on Tuesday, hitting $71.58. The company’s stock had a trading volume of 10,979,101 shares, compared to its average volume of 11,295,878. The company has a debt-to-equity ratio of 0.04, a current ratio of 6.87 and a quick ratio of 6.87. Altaba has a 52 week low of $38.37 and a 52 week high of $73.25. The company has a market cap of $62,516.40, a P/E ratio of -3,577.21 and a beta of 1.87.
In other news, CFO Alexi Wellman sold 860 shares of Altaba stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $72.79, for a total value of $62,599.40. Following the completion of the sale, the chief financial officer now directly owns 19,845 shares of the company’s stock, valued at approximately $1,444,517.55. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Tor Braham sold 10,000 shares of Altaba stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $68.83, for a total value of $688,300.00. Following the sale, the director now directly owns 9,434 shares of the company’s stock, valued at $649,342.22. The disclosure for this sale can be found here. 24.00% of the stock is owned by company insiders.
Altaba Inc (the Fund), formerly Yahoo! Inc, is a non-diversified, closed-end management investment company. The Fund seeks to track the combined investment return of the Alibaba Shares and the Yahoo Japan Shares it owns. Alibaba Shares represent an approximate 15% equity interest in Alibaba Group Holding Limited (Alibaba), and its Yahoo Japan Corporation ((Yahoo Japa) Shares represent an approximate 36% equity interest in Yahoo Japan.
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