Investors Sell Yahoo Inc. (YHOO) on Strength (YHOO)
Traders sold shares of Yahoo Inc. (NASDAQ:YHOO) on strength during trading hours on Thursday. $33.79 million flowed into the stock on the tick-up and $54.30 million flowed out of the stock on the tick-down, for a money net flow of $20.51 million out of the stock. Of all companies tracked, Yahoo had the 23rd highest net out-flow for the day. Yahoo traded up $0.53 for the day and closed at $38.92
YHOO has been the topic of several research reports. Oppenheimer Holdings Inc. lifted their target price on Yahoo from $40.00 to $49.00 and gave the stock an “outperform” rating in a report on Tuesday, April 19th. Pacific Crest reaffirmed an “equal weight” rating on shares of Yahoo in a report on Thursday, April 21st. Jefferies Group reaffirmed a “buy” rating on shares of Yahoo in a report on Monday, July 11th. Nomura set a $39.00 target price on Yahoo and gave the stock a “neutral” rating in a report on Tuesday, July 19th. Finally, Morgan Stanley set a $46.00 target price on Yahoo and gave the stock a “buy” rating in a report on Wednesday, April 20th. Two equities research analysts have rated the stock with a sell rating, twenty have given a hold rating and twenty-one have assigned a buy rating to the company. Yahoo currently has a consensus rating of “Hold” and a consensus target price of $40.48.
The company’s market capitalization is $36.91 billion. The firm’s 50 day moving average is $37.83 and its 200-day moving average is $35.14.
Yahoo (NASDAQ:YHOO) last released its quarterly earnings data on Monday, July 18th. The digital content provider reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by $0.01. During the same quarter in the prior year, the company posted $0.16 earnings per share. The company had revenue of $842 million for the quarter, compared to analysts’ expectations of $1.08 billion. The company’s quarterly revenue was down 19.3% compared to the same quarter last year. Analysts expect that Yahoo Inc. will post $0.49 earnings per share for the current fiscal year.
In other Yahoo news, CRO Lisa Utzschneider sold 820 shares of the company’s stock in a transaction dated Friday, May 20th. The shares were sold at an average price of $36.04, for a total value of $29,552.80. Following the sale, the executive now owns 630,643 shares of the company’s stock, valued at $22,728,373.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Other hedge funds have made changes to their positions in the company. Whitebox Advisors LLC increased its stake in shares of Yahoo by 39.7% in the fourth quarter. Whitebox Advisors LLC now owns 2,542,252 shares of the digital content provider’s stock valued at $84,555,000 after buying an additional 721,820 shares during the period. Marshall Wace LLP increased its stake in shares of Yahoo by 888.0% in the fourth quarter. Marshall Wace LLP now owns 522,268 shares of the digital content provider’s stock valued at $17,371,000 after buying an additional 469,407 shares during the period. Water Island Capital increased its stake in shares of Yahoo by 91.0% in the third quarter. Water Island Capital now owns 410,362 shares of the digital content provider’s stock valued at $11,864,000 after buying an additional 195,504 shares during the period. State of Tennessee Treasury Department increased its stake in shares of Yahoo by 12.7% in the fourth quarter. State of Tennessee Treasury Department now owns 994,311 shares of the digital content provider’s stock valued at $33,071,000 after buying an additional 111,711 shares during the period. Finally, Airain ltd increased its stake in shares of Yahoo by 102.1% in the fourth quarter. Airain ltd now owns 181,002 shares of the digital content provider’s stock valued at $6,020,000 after buying an additional 91,461 shares during the period.
Yahoo! Inc (Yahoo), along with its subsidiaries, is engaged in digital information discovery. The Company’s segments include the Americas; Europe, Middle East and Africa (EMEA), and Asia Pacific. The Company focuses on informing, connecting and entertaining its users with its search (Yahoo search), communications, including Yahoo Mail and Yahoo Messenger, and digital content products, including Tumblr, and its four verticals, such as Yahoo News, Yahoo Sports, Yahoo Finance and Yahoo Lifestyle.
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