Investors Sell Shares of Yahoo Inc. (YHOO) on Strength (YHOO)
Traders sold shares of Yahoo Inc. (NASDAQ:YHOO) on strength during trading on Wednesday. $50.08 million flowed into the stock on the tick-up and $63.52 million flowed out of the stock on the tick-down, for a money net flow of $13.44 million out of the stock. Of all companies tracked, Yahoo had the 27th highest net out-flow for the day. Yahoo traded up $0.69 for the day and closed at $39.93
A number of equities research analysts recently weighed in on YHOO shares. B. Riley reaffirmed a “neutral” rating and set a $38.00 price objective on shares of Yahoo in a research report on Tuesday, April 12th. Axiom Securities raised their price objective on Yahoo from $32.00 to $36.00 and gave the company a “hold” rating in a research report on Tuesday, April 12th. Zacks Investment Research raised Yahoo from a “sell” rating to a “hold” rating in a research report on Tuesday, April 12th. Cantor Fitzgerald reaffirmed a “buy” rating on shares of Yahoo in a research report on Tuesday, April 12th. Finally, SunTrust Banks Inc. reaffirmed a “buy” rating and set a $44.00 price objective (up previously from $40.00) on shares of Yahoo in a research report on Friday, April 15th. Two 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 a consensus rating of “Hold” and an average target price of $40.46.
The firm’s market capitalization is $37.87 billion. The stock has a 50-day moving average price of $38.06 and a 200 day moving average price of $35.42.
Yahoo (NASDAQ:YHOO) last announced its earnings results on Monday, July 18th. The digital content provider reported $0.09 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.10 by $0.01. The firm earned $842 million during the quarter, compared to analyst estimates of $1.08 billion. During the same quarter last year, the firm posted $0.16 earnings per share. The business’s revenue was down 19.3% on a year-over-year basis. On average, analysts anticipate that Yahoo Inc. will post $0.49 earnings per share for the current year.
In related news, CRO Lisa Utzschneider sold 820 shares of Yahoo stock in a transaction dated Friday, May 20th. The stock was sold at an average price of $36.04, for a total value of $29,552.80. Following the completion of the transaction, the executive now directly owns 630,643 shares in the company, valued at $22,728,373.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
A number of institutional investors have recently bought and sold shares of the company. Calvert Investment Management Inc. increased its position in Yahoo by 36.2% in the fourth quarter. Calvert Investment Management Inc. now owns 43,420 shares of the digital content provider’s stock worth $1,444,000 after buying an additional 11,550 shares during the period. Andra AP fonden increased its position 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. Airain ltd increased its position 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. 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 during the period. Finally, Marshall Wace LLP increased its position in Yahoo by 888.0% in the fourth quarter. Marshall Wace LLP now owns 522,268 shares of the digital content provider’s stock worth $17,371,000 after buying an additional 469,407 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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