Wetherby Asset Management Inc. reduced its position in shares of Yahoo! Inc. (NASDAQ:YHOO) by 0.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 13,200 shares of the digital content provider’s stock after selling 70 shares during the period. Wetherby Asset Management Inc.’s holdings in Yahoo! were worth $510,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also recently made changes to their positions in YHOO. Comerica Bank increased its position in shares of Yahoo! by 1.7% in the fourth quarter. Comerica Bank now owns 211,176 shares of the digital content provider’s stock worth $8,926,000 after buying an additional 3,573 shares during the period. ING Groep NV increased its position in shares of Yahoo! by 2.9% in the fourth quarter. ING Groep NV now owns 893,871 shares of the digital content provider’s stock worth $34,539,000 after buying an additional 25,526 shares during the period. Iridian Asset Management LLC CT increased its position in shares of Yahoo! by 8.2% in the fourth quarter. Iridian Asset Management LLC CT now owns 9,690,965 shares of the digital content provider’s stock worth $374,750,000 after buying an additional 730,813 shares during the period. Harbor Advisors LLC purchased a new position in shares of Yahoo! during the fourth quarter worth approximately $1,353,000. Finally, Russell Investments Group Ltd. purchased a new position in shares of Yahoo! during the fourth quarter worth approximately $3,356,000. 78.37% of the stock is owned by institutional investors.
Yahoo! Inc. (NASDAQ:YHOO) traded down 0.11% during mid-day trading on Friday, reaching $45.03. 4,158,744 shares of the company were exchanged. The company’s market capitalization is $43.17 billion. The stock has a 50-day moving average price of $42.34 and a 200 day moving average price of $41.74. Yahoo! Inc. has a one year low of $27.94 and a one year high of $45.24.
Yahoo! (NASDAQ:YHOO) last announced its earnings results on Monday, January 23rd. The digital content provider reported $0.25 EPS for the quarter, beating the Zacks’ consensus estimate of $0.21 by $0.04. Yahoo! had a negative net margin of 4.15% and a positive return on equity of 0.65%. The firm had revenue of $960.10 million for the quarter, compared to analysts’ expectations of $1.38 billion. During the same quarter in the previous year, the business posted $0.13 EPS. The company’s quarterly revenue was down 4.2% on a year-over-year basis. Analysts predict that Yahoo! Inc. will post $0.68 EPS for the current year.
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Several analysts recently commented on YHOO shares. Credit Suisse Group set a $52.00 target price on shares of Yahoo! and gave the stock a “neutral” rating in a report on Monday, October 17th. MKM Partners lifted their target price on shares of Yahoo! from $44.00 to $51.00 and gave the stock a “buy” rating in a report on Monday, October 17th. Needham & Company LLC downgraded shares of Yahoo! from a “buy” rating to a “hold” rating and set a $40.00 target price for the company. in a report on Tuesday, October 18th. B. Riley reaffirmed a “neutral” rating and set a $44.00 target price on shares of Yahoo! in a report on Wednesday, October 19th. Finally, Mizuho lifted their target price on shares of Yahoo! from $38.00 to $42.00 and gave the stock a “neutral” rating in a report on Wednesday, October 19th. One analyst has rated the stock with a sell rating, twenty-three have assigned a hold rating and eleven have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $43.85.
In other news, CRO Lisa Utzschneider sold 732 shares of the business’s stock in a transaction on Tuesday, November 22nd. The shares were sold at an average price of $41.20, for a total transaction of $30,158.40. Following the sale, the executive now owns 593,518 shares in the company, valued at approximately $24,452,941.60. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In the last 90 days, insiders have sold 3,477 shares of company stock worth $140,926. Company 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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