North Star Asset Management Inc. held its stake in shares of Yahoo Inc. (NASDAQ:YHOO) during the second quarter, Holdings Channel reports. The institutional investor owned 10,300 shares of the digital content provider’s stock at the end of the second quarter. North Star Asset Management Inc.’s holdings in Yahoo were worth $379,000 at the end of the most recent reporting period.
A number of other large investors also recently made changes to their positions in the stock. TCI Fund Management Ltd. acquired a new position in Yahoo during the first quarter worth approximately $530,211,000. Natixis increased 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 period. Jericho Capital Asset Management L.P. acquired a new position in Yahoo during the first quarter worth approximately $123,399,000. Legal & General Group Plc increased 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 period. Finally, 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 worth $505,000 after buying an additional 100 shares during the period. Institutional investors own 73.66% of the company’s stock.
Shares of Yahoo Inc. (NASDAQ:YHOO) traded down 0.84% during trading on Wednesday, hitting $42.32. 3,676,722 shares of the stock were exchanged. The stock’s market cap is $40.28 billion. The stock’s 50 day moving average price is $43.21 and its 200 day moving average price is $39.10. Yahoo Inc. has a one year low of $26.15 and a one year high of $44.92.
Yahoo (NASDAQ:YHOO) last released its quarterly earnings data on Monday, July 18th. The digital content provider reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.10 by $0.01. The firm earned $842 million during the quarter, compared to analyst estimates of $1.08 billion. Yahoo had a negative net margin of 100.08% and a positive return on equity of 0.32%. The business’s revenue for the quarter was down 19.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.16 earnings per share. Equities research analysts predict that Yahoo Inc. will post $0.49 EPS for the current year.
YHOO has been the topic of a number of research reports. Cantor Fitzgerald reissued a “buy” rating on shares of Yahoo in a research report on Saturday, July 9th. SunTrust Banks Inc. reaffirmed a “buy” rating and issued a $44.00 price objective (up previously from $42.00) on shares of Yahoo in a research report on Wednesday, July 6th. Needham & Company LLC reaffirmed a “buy” rating and issued a $40.00 price objective on shares of Yahoo in a research report on Tuesday, July 5th. Vetr downgraded shares of Yahoo from a “strong-buy” rating to a “buy” rating and set a $41.87 price objective on the stock. in a research report on Monday, July 4th. Finally, Bank of America Corp. reaffirmed a “buy” rating and issued a $48.00 price objective on shares of Yahoo in a research report on Sunday, July 17th. Two research analysts have rated the stock with a sell rating, twenty-one have given a hold rating and seventeen have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $40.67.
In related news, CRO Lisa Utzschneider sold 683 shares of the business’s stock in a transaction that occurred on Monday, October 3rd. The stock was sold at an average price of $43.03, for a total transaction of $29,389.49. Following the transaction, the executive now directly owns 603,484 shares of the company’s stock, valued at approximately $25,967,916.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 9.20% of the company’s stock.
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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