Airain ltd bought a new stake in shares of Yahoo! Inc. (NASDAQ:YHOO) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 46,654 shares of the digital content provider’s stock, valued at approximately $2,165,000.
A number of other hedge funds and other institutional investors have also made changes to their positions in YHOO. Levin Capital Strategies L.P. raised its position in shares of Yahoo! by 8.9% in the first quarter. Levin Capital Strategies L.P. now owns 113,430 shares of the digital content provider’s stock valued at $5,264,000 after buying an additional 9,279 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Yahoo! during the first quarter valued at about $1,214,000. Trexquant Investment LP acquired a new position in shares of Yahoo! during the first quarter valued at about $743,000. Quantitative Investment Management LLC acquired a new position in shares of Yahoo! during the first quarter valued at about $4,529,000. Finally, Norinchukin Bank The raised its position in shares of Yahoo! by 7.1% in the first quarter. Norinchukin Bank The now owns 57,040 shares of the digital content provider’s stock valued at $2,647,000 after buying an additional 3,790 shares in the last quarter. 78.06% of the stock is currently owned by institutional investors.
Yahoo! Inc. (NASDAQ:YHOO) traded up 1.11% on Friday, hitting $50.18. The stock had a trading volume of 11,181,962 shares. Yahoo! Inc. has a one year low of $35.05 and a one year high of $51.23. The firm’s market cap is $48.08 billion. The company’s 50-day moving average price is $48.04 and its 200 day moving average price is $44.12. Yahoo! also saw some unusual options trading on Tuesday. Stock investors acquired 43,815 call options on the stock. This represents an increase of 560% compared to the typical volume of 6,641 call options.
Yahoo! (NASDAQ:YHOO) last issued its quarterly earnings results on Tuesday, April 18th. The digital content provider reported $0.18 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.14 by $0.04. The company had revenue of $833.80 million during the quarter, compared to the consensus estimate of $814.32 million. Yahoo! had a positive return on equity of 0.65% and a negative net margin of 4.15%. Yahoo!’s revenue was down 2.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.08 EPS. Analysts expect that Yahoo! Inc. will post $0.71 earnings per share for the current year.
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Several research analysts recently issued reports on the company. MKM Partners reaffirmed a “buy” rating and set a $62.00 target price (up from $58.00) on shares of Yahoo! in a research report on Wednesday. Zacks Investment Research lowered Yahoo! from a “buy” rating to a “hold” rating in a research report on Monday, May 8th. Vetr raised Yahoo! from a “sell” rating to a “buy” rating and set a $53.02 target price on the stock in a research report on Wednesday, May 3rd. B. Riley reaffirmed a “neutral” rating and set a $48.00 target price on shares of Yahoo! in a research report on Monday, April 24th. Finally, Cantor Fitzgerald set a $53.00 target price on Yahoo! and gave the company a “buy” rating in a research report on Tuesday, April 18th. Seventeen research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $46.70.
In other Yahoo! news, CRO Lisa Utzschneider sold 974 shares of the business’s stock in a transaction on Wednesday, March 22nd. The stock was sold at an average price of $45.75, for a total value of $44,560.50. Following the completion of the transaction, the executive now directly owns 576,260 shares in the company, valued at approximately $26,363,895. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 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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