Kalos Management Inc. bought a new position in Yahoo Inc. (NASDAQ:YHOO) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 15,247 shares of the digital content provider’s stock, valued at approximately $573,000.
Several other hedge funds have also recently bought and sold shares of the company. Quadrant Capital Group LLC raised its stake in shares of Yahoo by 55.7% in the second quarter. Quadrant Capital Group LLC now owns 2,918 shares of the digital content provider’s stock valued at $100,000 after buying an additional 1,044 shares during the period. NN Investment Partners Holdings N.V. bought a new stake in shares of Yahoo during the first quarter valued at approximately $206,000. Checchi Capital Advisers LLC raised its stake in shares of 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 during the period. Sterneck Capital Management LLC bought a new stake in shares of Yahoo during the first quarter valued at approximately $333,000. Finally, Reynolds Capital Management LLC bought a new stake in shares of Yahoo during the first quarter valued at approximately $368,000. Institutional investors own 73.86% of the company’s stock.
Yahoo Inc. (NASDAQ:YHOO) traded up 2.74% during midday trading on Wednesday, reaching $42.82. 9,468,617 shares of the company were exchanged. The firm has a 50-day moving average price of $43.14 and a 200-day moving average price of $39.30. Yahoo Inc. has a 52 week low of $26.15 and a 52 week high of $44.92. The company’s market capitalization is $40.76 billion.
Yahoo (NASDAQ:YHOO) last released its quarterly earnings data on Tuesday, October 18th. The digital content provider reported $0.20 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.14 by $0.06. Yahoo had a negative net margin of 100.08% and a positive return on equity of 0.32%. The firm earned $857 million during the quarter, compared to analysts’ expectations of $1.31 billion. During the same period last year, the business earned $0.15 earnings per share. Yahoo’s revenue was down 14.6% compared to the same quarter last year. Equities research analysts anticipate that Yahoo Inc. will post $0.49 earnings per share for the current fiscal year.
Several analysts have commented on YHOO shares. Zacks Investment Research lowered shares of Yahoo from a “hold” rating to a “strong sell” rating in a report on Friday, July 22nd. Jefferies Group reaffirmed a “buy” rating and set a $43.00 target price on shares of Yahoo in a research note on Monday, July 25th. Vetr raised shares of Yahoo from a “sell” rating to a “hold” rating and set a $43.17 target price for the company in a research note on Monday, September 5th. Bank of America Corp. reaffirmed a “buy” rating and set a $48.00 target price on shares of Yahoo in a research note on Monday, July 25th. Finally, Oppenheimer Holdings Inc. reaffirmed an “outperform” rating and set a $49.00 target price on shares of Yahoo in a research note on Wednesday, July 20th. Two investment analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating and sixteen have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $42.24.
In other Yahoo news, CRO Lisa Utzschneider sold 732 shares of Yahoo stock in a transaction dated Monday, August 22nd. The shares were sold at an average price of $42.84, for a total transaction of $31,358.88. Following the completion of the sale, the executive now directly owns 612,081 shares in the company, valued at $26,221,550.04. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 9.20% of the company’s stock.
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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