Altaba Inc. (NASDAQ:AABA) Director Tor Braham sold 10,000 shares of Altaba stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $68.83, for a total transaction of $688,300.00. Following the sale, the director now directly owns 9,434 shares of the company’s stock, valued at approximately $649,342.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Shares of Altaba Inc. (NASDAQ:AABA) traded up $0.04 during trading hours on Friday, reaching $70.10. 19,712,208 shares of the company were exchanged, compared to its average volume of 11,246,895. The company has a market capitalization of $61,220.00, a P/E ratio of 287.92 and a beta of 1.88. Altaba Inc. has a 52 week low of $38.24 and a 52 week high of $73.25. The company has a quick ratio of 6.87, a current ratio of 6.87 and a debt-to-equity ratio of 0.04.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Cowen Prime Services LLC purchased a new position in Altaba in the second quarter worth $183,000. Parallel Advisors LLC purchased a new position in Altaba in the second quarter worth $208,000. Brighton Jones LLC purchased a new position in Altaba in the third quarter worth $216,000. SG Americas Securities LLC purchased a new position in Altaba in the second quarter worth $221,000. Finally, Fernwood Investment Management LLC purchased a new position in Altaba in the second quarter worth $223,000. 77.63% of the stock is currently owned by institutional investors and hedge funds.
TRADEMARK VIOLATION NOTICE: “Tor Braham Sells 10,000 Shares of Altaba Inc. (AABA) Stock” was posted by American Banking News and is owned by of American Banking News. If you are viewing this story on another site, it was copied illegally and republished in violation of US and international trademark & copyright law. The correct version of this story can be read at https://www.americanbankingnews.com/2017/12/01/tor-braham-sells-10000-shares-of-altaba-inc-aaba-stock.html.
Altaba Company Profile
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.
Receive News & Ratings for Altaba Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Altaba Inc. and related companies with MarketBeat.com's FREE daily email newsletter.