Altaba (AABA) Receiving Somewhat Favorable Press Coverage, Analysis Finds
News coverage about Altaba (NASDAQ:AABA) has been trending somewhat positive on Saturday, Accern Sentiment Analysis reports. The research group scores the sentiment of media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Altaba earned a media sentiment score of 0.08 on Accern’s scale. Accern also assigned media coverage about the company an impact score of 44.5861090088541 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Here are some of the headlines that may have impacted Accern Sentiment’s analysis:
- Will These Stocks Remain Hot? Southwestern Energy Company (SWN), Altaba Inc. (AABA) – Market Movers (financialqz.com)
- Tor Braham Sells 10,000 Shares of Altaba Inc. (AABA) Stock (americanbankingnews.com)
- Should You Be Tempted To Sell Altaba Inc (AABA) Because Of Its PE Ratio? (finance.yahoo.com)
- Do What Insiders Does: Merck & Co., Inc. (MRK), Altaba Inc. (AABA) – Market Movers (financialqz.com)
- Alibaba: Underperforming Altaba With More Risk. – Altaba, Inc … – Seeking Alpha (seekingalpha.com)
Several brokerages recently weighed in on AABA. MKM Partners reaffirmed a “buy” rating and issued a $76.00 price target on shares of Altaba in a research note on Friday, September 1st. UBS reissued a “buy” rating and issued a $77.00 target price on shares of Altaba in a research note on Friday, September 22nd. Twelve research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $53.63.
In related news, Director Tor Braham sold 10,000 shares of the stock in a transaction on Wednesday, November 29th. The stock was 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 $649,342.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Alexi Wellman sold 860 shares of the stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $72.79, for a total value of $62,599.40. Following the sale, the chief financial officer now directly owns 19,845 shares in the company, valued at $1,444,517.55. The disclosure for this sale can be found here. Corporate insiders own 24.00% of the company’s stock.
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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.
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