Retirement Systems of Alabama Acquires 7,232 Shares of Yahoo Inc. (YHOO)
Retirement Systems of Alabama increased its position in Yahoo Inc. (NASDAQ:YHOO) by 1.6% during the second quarter, according to its most recent filing with the SEC. The fund owned 445,536 shares of the digital content provider’s stock after buying an additional 7,232 shares during the period. Retirement Systems of Alabama’s holdings in Yahoo were worth $16,734,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. TCI Fund Management Ltd. bought a new position in Yahoo during the first quarter worth approximately $530,211,000. Natixis boosted its position in Yahoo by 33.7% in the first quarter. Natixis now owns 14,099,072 shares of the digital content provider’s stock worth $518,987,000 after buying an additional 3,552,539 shares during the last quarter. Jericho Capital Asset Management L.P. bought a new position in Yahoo during the first quarter worth approximately $123,399,000. Legal & General Group Plc boosted its position in Yahoo by 4.2% in the first quarter. Legal & General Group Plc now owns 3,837,177 shares of the digital content provider’s stock worth $141,245,000 after buying an additional 155,635 shares during the last quarter. Finally, NEXT Financial Group Inc boosted its position in Yahoo by 0.7% in the second quarter. NEXT Financial Group Inc now owns 13,450 shares of the digital content provider’s stock worth $505,000 after buying an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 73.65% of the company’s stock.
Yahoo Inc. (NASDAQ:YHOO) traded up 1.25% during midday trading on Friday, reaching $43.10. The company had a trading volume of 10,374,757 shares. Yahoo Inc. has a 12 month low of $26.15 and a 12 month high of $44.92. The firm’s 50-day moving average price is $43.08 and its 200 day moving average price is $38.63. The firm’s market capitalization is $41.02 billion.
Yahoo (NASDAQ:YHOO) last posted its earnings results on Monday, July 18th. The digital content provider reported $0.09 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.10 by $0.01. Yahoo had a positive return on equity of 0.32% and a negative net margin of 100.08%. The company earned $842 million during the quarter, compared to analysts’ expectations of $1.08 billion. During the same period in the prior year, the business posted $0.16 earnings per share. The company’s revenue for the quarter was down 19.3% on a year-over-year basis. Equities analysts anticipate that Yahoo Inc. will post $0.49 earnings per share for the current fiscal year.
YHOO has been the topic of a number of research analyst reports. Bank of America Corp. restated a “buy” rating and issued a $53.00 price target (up from $50.00) on shares of Yahoo in a report on Tuesday, August 23rd. Vetr raised shares of Yahoo from a “sell” rating to a “hold” rating and set a $43.17 price objective for the company in a research note on Monday, September 5th. Oppenheimer Holdings Inc. reaffirmed an “outperform” rating and issued a $55.00 price objective (up from $48.00) on shares of Yahoo in a research note on Monday, September 19th. Robert W. Baird reaffirmed a “neutral” rating and issued a $42.00 price objective on shares of Yahoo in a research note on Friday, September 23rd. Finally, SunTrust Banks Inc. reaffirmed a “buy” rating and issued a $44.00 price objective (up from $42.00) on shares of Yahoo in a research note on Wednesday, July 6th. Three analysts have rated the stock with a sell rating, twenty have given a hold rating and seventeen have issued a buy rating to the company’s stock. Yahoo presently has a consensus rating of “Hold” and an average price target of $40.61.
In other news, CRO Lisa Utzschneider sold 732 shares of the firm’s stock in a transaction dated Thursday, September 22nd. The shares were sold at an average price of $43.94, for a total value of $32,164.08. Following the completion of the sale, the executive now directly owns 605,893 shares of the company’s stock, valued at approximately $26,622,938.42. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 9.20% of the stock is currently owned by insiders.
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.
Want to see what other hedge funds are holding YHOO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Yahoo Inc. (NASDAQ:YHOO).
Receive News & Ratings for Yahoo Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Yahoo Inc. and related companies with MarketBeat.com's FREE daily email newsletter.