|Bid||68.17 x 900|
|Ask||68.50 x 3000|
|Day's Range||67.04 - 68.94|
|52 Week Range||62.10 - 82.45|
|PE Ratio (TTM)||2.28|
|Earnings Date||Aug 20, 2018 - Aug 24, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||101.50|
For the first time, the investment company formerly known as Yahoo! has unloaded some of its core stock holdings. That juicy Alibaba portfolio remains untouched, though.
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Hedge funds added to their positions in Spotify and Altaba during the second quarter and decreased their exposure to FAANGs, with the exception of Amazon.
Privacy concerns and slowing user growth haven’t dampened hedge funds’ enthusiasm for Facebook Inc (NASDAQ:FB) in the slightest. The latest hedge fund ownership data compiled by Insider Monkey shows that the social media giant is far and away the most popular stock among the funds that we track, based on the latest quarterly 13F filings, […]
The U.S. Securities and Exchange Commission’s San Francisco office is no stranger to high-profile tech cases -- with the firestorm swirling around Tesla Inc. just the latest to involve the regional unit. The office, whose attorneys are said to have made inquiries about the electric-carmaker’s public statements, is at the epicenter of efforts by Wall Street’s main regulator to police Silicon Valley. It’s been engaged in some of the SEC’s most high-profile cases this year including fraud charges against blood testing startup Theranos Inc. and a massive data breach at Yahoo! Inc. (now known as Altaba Inc.).
Altaba Inc. (“Altaba” or the “Fund”) (AABA) announced today the final results of its tender offer to purchase up to 195,000,000 (approximately 24%) shares of its common stock, at a price per share equal to (i) 0.35 American Depository Shares (“Alibaba ADSs”) of Alibaba Group Holding Limited, a Cayman Islands company (“Alibaba”), which are held by the Fund in its investment portfolio, less any Alibaba ADSs withheld to satisfy applicable withholding taxes and subject to adjustment for fractional Alibaba ADSs, and (ii) $8.93 in cash, less any cash withheld to satisfy applicable withholding taxes and without interest. The amount of the cash portion of the offer consideration was determined by multiplying the previously announced Alibaba VWAP of $178.5246 by 0.05.
NEW YORK, Aug. 09, 2018-- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of ING ...
Altaba Inc. (“Altaba” or the “Fund”) (AABA) announced today the preliminary results of its tender offer to purchase up to 195,000,000 (approximately 24%) shares of its common stock, which expired at 5:00 p.m., New York City time, on August 8, 2018. Based on the preliminary count by Computershare Trust Company, N.A., the exchange agent for the tender offer, a total of 360,358,790 shares of the Fund’s common stock were properly tendered and not properly withdrawn.
Alibaba stock trades at 34x FY18 (ending March 31) adjusted EPS, and 30x free cash flow. In this market or in any market, investors generally would pay a much higher premium for that type of growth. Alibaba stock sits at a 3-month low – and hasn’t really moved for about nine months now.
NEW YORK , Aug. 6, 2018 /PRNewswire/ -- Altaba Inc. ("Altaba" or the "Fund") (NASDAQ: AABA) announced today the Alibaba VWAP (as described below) and the cash portion of the offer consideration ...
Stock Research Monitor: AINV, AMP, and ATH LONDON, UK / ACCESSWIRE / July 25, 2018 / If you want a free Stock Review on AABA sign up now at www.wallstequities.com/registration . On Tuesday, benchmark US ...
Here are some things going on today in the world of tech: Shares of Amazon.com (AMZN) are up $5.90 to $1,748.97, after Morgan Stanley’s Brian Nowak reiterated an Overweight rating, and a $1,700 price target, writing that he can see the stock reaching as high as $2,600. Nowak is awed by Amazon’s scale: He expects the company to generate $25 billion worth of Earnings before interest and taxes, or Ebit, this year, “to invest at record levels." "Consider that (by our math) Amazon's advertising + AWS + Subscription EBIT this year ($24.5bn) will be ~17x greater than AMZN’s total EBIT in 2010." His point is that “over the long-term” the rise of the Amazon business keeps giving the company more and more ability to "invest and deliver higher profitability." Nowak’s estimates for the June quarter and the September quarter, for Ebit, are 14% and 47% higher than the Street, he points out, at $5.4 billion and $6.4 billion.
In an anticipated move, Japanese internet company Softbank Corp (OTCMKTS:SFTBY) recently announced that it will increase its stake in Yahoo Japan (OCTMKTS:YAHOF). The deal, which involves approximately $2 billion, and U.S. firm Altaba (NASDAQ:AABA), sets into motion Softbank’s Japanese e-commerce strategies. Altaba was once known by its more popular name Yahoo.
SoftBank Group is increasing its stake in Yahoo Japan through a $2 billion, three-way deal with U.S. firm Altaba to deepen ties with the internet heavyweight ahead of an IPO of its telecoms unit. The transaction, with just $9 million net investment by SoftBank, allows it to boost ownership of Yahoo Japan without pressuring its already strained balance sheet. It also leaves SoftBank's domestic telecoms unit with a 12 percent stake in Yahoo Japan, highlighting for investors the two companies' ties ahead of its planned listing.
SoftBank Group (9984.T) is increasing its stake in Yahoo Japan through a $2 billion, three-way deal with U.S. firm Altaba (AABA.O) to deepen ties with the internet heavyweight ahead of an IPO of its telecoms unit. The transaction, with just $9 million net investment by SoftBank, allows it to boost ownership of Yahoo Japan without pressuring its already strained balance sheet. It also leaves SoftBank's domestic telecoms unit with a 12 percent stake in Yahoo Japan, highlighting for investors the two companies' ties ahead of its planned listing.
Investing.com – Asian markets were mixed in afternoon trade on Tuesday. As recent trade-related concerns seemed to have faded for now, traders' focus are likely to switch to economic data later this week. China’s data received some focus as the country’s producer price index topped forecasts in June and hit a six-month high.
TOKYO (AP) — Japanese internet company SoftBank Corp. is investing about $2 billion to raise its stake in Yahoo Japan through an acquisition from U.S. investment company Altaba Inc.
TOKYO (Reuters) - SoftBank Group Corp (9984.T) said on Tuesday that its unit SoftBank Corp would buy 221 billion yen ($2 billion) worth of shares in Yahoo Japan Corp , a 10.78 percent stake, held by U.S. ...
SoftBank Group Corp (9984.T) said on Tuesday that its unit SoftBank Corp would buy 221 billion yen ($2 billion) worth of shares in Yahoo Japan Corp , a 10.78 percent stake, held by U.S. investment firm Altaba Inc (AABA.O). SoftBank will buy the shares via a tender offer at 360 yen per share, equivalent to Monday's close. Altaba, SoftBank and Yahoo Japan agree to the deal, the companies said in separate statements.
Altaba Inc. (“Altaba” or the “Fund”) (AABA) announced that it has entered into a definitive agreement with SoftBank Corp., which is currently a wholly-owned subsidiary of SoftBank Group Corp., to sell up to 613,888,888 shares of Yahoo Japan Corporation common stock that it currently holds to SoftBank Corp. for JPY 360 (approximately US$ 3.26) per share in cash. The price is the closing price of Yahoo Japan common stock as quoted on the Tokyo Stock Exchange on July 9, 2018, Tokyo time, the last quoted price prior to this announcement. In order to comply with Japanese legal requirements, the transaction is being structured as a tender offer by SoftBank Corp. pursuant to which SoftBank Corp. will tender for 613,888,888 Yahoo Japan shares, or the equivalent of US$ 2 billion at the tender offer price.
U.S. stock futures are rallying this morning, led by automakers. The U.S. has reportedly offered the E.U. a deal to drop auto import tariffs if the E.U. eliminates duties on U.S. cars. However, the U.S. is still planning on levying $34 billion in tariffs on Chinese products this Friday. Beijing is expected to implement its own retaliatory tariffs the same day.
Nearly a month after Altaba offered to buy shares from investors, less than 1% of target amount has been tenderedMarketWatch photo illustration/iStockphotoAfter Yahoo was sold to Verizon, Altaba continues to lurch forward with the former company’s other assets. Nearly a month after Altaba Inc. launched a plan to buy back its shares in exchange for Alibaba stock, hardly any investors have jumped at the chance to unload their stakes in the remnants of Yahoo. Altaba (AABA) announced on June 7 that it would offer to buy back nearly a quarter of its outstanding shares for a slight premium to where the underlying assets were trading, with the deal expiring on July 11.
Altaba Inc. (“Altaba” or the “Fund”) (AABA) announced today the extension of its previously announced tender offer to purchase up to 195,000,000 issued and outstanding shares of its common stock, at a purchase price per share equal to (A) 0.35 American Depositary Shares (“Alibaba ADSs”) of Alibaba Group Holding Limited (“Alibaba”) and (B) an amount in cash equal to the Alibaba VWAP (as defined below) multiplied by 0.05, less applicable withholding taxes and without interest, until August 8, 2018 at 5:00 p.m., New York City time, unless the tender offer is further extended or withdrawn by the Fund. The tender offer was previously scheduled to expire on July 11, 2018 at 11:59 p.m., New York City time.