Tor Braham Sells 10,000 Shares of Altaba Inc. (AABA) Stock

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.

AABA has been the subject of a number of recent research reports. UBS reissued a “buy” rating and issued a $77.00 price objective on shares of Altaba in a research note on Friday, September 22nd. MKM Partners boosted their price objective on shares of Altaba from $62.00 to $76.00 and gave the stock a “buy” rating in a research note on Sunday, September 3rd. Twelve research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $53.63.

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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.

Insider Buying and Selling by Quarter for Altaba (NASDAQ:AABA)

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