Yahoo Inc. (YHOO) Shares Sold by ING Groep NV
ING Groep NV reduced its stake in shares of Yahoo Inc. (NASDAQ:YHOO) by 81.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 175,127 shares of the digital content provider’s stock after selling 747,349 shares during the period. ING Groep NV’s holdings in Yahoo were worth $6,578,000 as of its most recent filing with the SEC.
Other institutional investors have also recently added to or reduced their stakes in the company. Checchi Capital Advisers LLC increased its position in Yahoo by 1.0% in the second quarter. Checchi Capital Advisers LLC now owns 6,751 shares of the digital content provider’s stock valued at $254,000 after buying an additional 68 shares in the last quarter. NEXT Financial Group Inc increased 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 valued at $505,000 after buying an additional 100 shares in the last quarter. Eqis Capital Management Inc. increased its position in Yahoo by 3.5% in the second quarter. Eqis Capital Management Inc. now owns 12,377 shares of the digital content provider’s stock valued at $465,000 after buying an additional 424 shares in the last quarter. Conning Inc. increased its position in Yahoo by 2.1% in the second quarter. Conning Inc. now owns 22,014 shares of the digital content provider’s stock valued at $827,000 after buying an additional 450 shares in the last quarter. Finally, IFP Advisors Inc increased its position in Yahoo by 7.4% in the first quarter. IFP Advisors Inc now owns 8,518 shares of the digital content provider’s stock valued at $314,000 after buying an additional 587 shares in the last quarter. 73.65% of the stock is owned by institutional investors.
Yahoo Inc. (NASDAQ:YHOO) traded up 0.07% on Monday, hitting $43.13. The stock had a trading volume of 7,965,922 shares. Yahoo Inc. has a one year low of $26.15 and a one year high of $44.92. The company’s market cap is $41.05 billion. The stock has a 50-day moving average of $43.09 and a 200-day moving average of $38.77.
Yahoo (NASDAQ:YHOO) last released its quarterly earnings results on Monday, July 18th. The digital content provider reported $0.09 earnings per share (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 business earned $842 million during the quarter, compared to the consensus estimate of $1.08 billion. During the same period in the previous year, the company posted $0.16 EPS. The company’s revenue for the quarter was down 19.3% compared to the same quarter last year. Equities analysts expect that Yahoo Inc. will post $0.49 earnings per share for the current fiscal year.
Several equities analysts have weighed in on the company. Cantor Fitzgerald reaffirmed a “buy” rating on shares of Yahoo in a research report on Saturday, July 9th. Royal Bank Of Canada reissued a “hold” rating on shares of Yahoo in a research report on Sunday, July 17th. Bank of America Corp. reissued a “buy” rating and set a $48.00 price objective on shares of Yahoo in a research report on Sunday, July 17th. B. Riley reissued a “neutral” rating and set a $38.00 price objective on shares of Yahoo in a research report on Tuesday, July 19th. Finally, Citigroup Inc. raised Yahoo from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $38.00 to $43.00 in a research report on Wednesday, June 15th. They noted that the move was a valuation call. Three analysts have rated the stock with a sell rating, twenty have assigned a hold rating and seventeen have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $40.61.
In other news, CRO Lisa Utzschneider sold 732 shares of the stock in a transaction on Thursday, September 22nd. The stock was sold at an average price of $43.94, for a total value of $32,164.08. Following the completion of the transaction, the executive now owns 605,893 shares of the company’s stock, valued at $26,622,938.42. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 9.20% of the stock is owned by insiders.
Yahoo Company Profile
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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