Altaba Inc. (AABA) Director Tor Braham Sells 10,000 Shares
Altaba Inc. (NASDAQ:AABA) Director Tor Braham sold 10,000 shares of the business’s 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 completion of the transaction, 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 SEC, which is available at this link.
Shares of Altaba Inc. (NASDAQ:AABA) traded up $0.04 during mid-day trading on Friday, reaching $70.10. The company had a trading volume of 19,712,943 shares, compared to its average volume of 8,744,835. Altaba Inc. has a 1 year low of $38.24 and a 1 year high of $73.25. The company has a current ratio of 6.87, a quick ratio of 6.87 and a debt-to-equity ratio of 0.04. The stock has a market cap of $61,188.86, a P/E ratio of 280.24 and a beta of 1.88.
Several research firms have recently commented on AABA. MKM Partners reissued a “buy” rating and issued a $76.00 price target on shares of Altaba in a research report on Friday, September 1st. UBS reissued a “buy” rating and issued a $77.00 price target on shares of Altaba in a research report on Friday, September 22nd. Twelve investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The company presently has an average 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.
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