Yahoo Inc. (NASDAQ:YHOO) reached a new 52-week high during trading on Wednesday . The stock traded as high as $39.98 and last traded at $39.81, with a volume of 7,891,612 shares changing hands. The stock had previously closed at $39.24.

Several equities research analysts have recently commented on the stock. Vetr lowered shares of Yahoo from a “buy” rating to a “hold” rating and set a $40.95 price target for the company. in a report on Wednesday. Cantor Fitzgerald restated a “buy” rating and issued a $49.00 price target on shares of Yahoo in a report on Tuesday. Jefferies Group restated a “buy” rating and issued a $43.00 price target on shares of Yahoo in a report on Monday, August 1st. SunTrust Banks Inc. restated a “neutral” rating and issued a $42.00 price target on shares of Yahoo in a report on Monday, August 1st. Finally, RBC Capital Markets restated a “sector perform” rating and issued a $29.00 price target on shares of Yahoo in a report on Monday, August 1st. Two research analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating and twenty have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $40.46.

The stock’s market capitalization is $39.82 billion. The stock has a 50-day moving average price of $38.18 and a 200 day moving average price of $35.46.

Yahoo (NASDAQ:YHOO) last posted its quarterly earnings data on Monday, July 18th. The digital content provider reported $0.09 EPS for the quarter, missing the Zacks’ consensus estimate of $0.10 by $0.01. The firm had revenue of $842 million for the quarter, compared to the consensus estimate of $1.08 billion. Yahoo’s revenue was down 19.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.16 earnings per share. Analysts forecast that Yahoo Inc. will post $0.49 EPS for the current fiscal year.

In other news, CRO Lisa Utzschneider sold 683 shares of the company’s stock in a transaction dated Wednesday, June 1st. The shares were sold at an average price of $37.24, for a total transaction of $25,434.92. Following the completion of the transaction, the executive now owns 628,234 shares of the company’s stock, valued at approximately $23,395,434.16. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Several hedge funds and institutional investors recently bought and sold shares of YHOO. American International Group Inc. increased its position in Yahoo by 1.1% in the fourth quarter. American International Group Inc. now owns 426,726 shares of the digital content provider’s stock worth $14,193,000 after buying an additional 4,535 shares in the last quarter. Airain ltd increased its stake in Yahoo by 102.1% in the fourth quarter. Airain ltd now owns 181,002 shares of the digital content provider’s stock worth $6,020,000 after buying an additional 91,461 shares during the period. State of Tennessee Treasury Department increased its stake in 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 worth $33,071,000 after buying an additional 111,711 shares during the period. Dimensional Fund Advisors LP increased its stake in Yahoo by 1.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,911,572 shares of the digital content provider’s stock worth $130,100,000 after buying an additional 46,811 shares during the period. Finally, Andra AP fonden increased its stake in Yahoo by 30.5% in the fourth quarter. Andra AP fonden now owns 53,500 shares of the digital content provider’s stock worth $1,779,000 after buying an additional 12,500 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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