Meiji Yasuda Asset Management Co Ltd. raised its position in Yahoo! Inc. (NASDAQ:YHOO) by 7.8% during the fourth quarter, Holdings Channel reports. The firm owned 17,077 shares of the digital content provider’s stock after buying an additional 1,240 shares during the period. Meiji Yasuda Asset Management Co Ltd.’s holdings in Yahoo! were worth $660,000 at the end of the most recent quarter.
A number of other institutional investors have also made changes to their positions in the company. Municipal Employees Retirement System of Michigan increased its position in shares of Yahoo! by 0.3% in the third quarter. Municipal Employees Retirement System of Michigan now owns 27,720 shares of the digital content provider’s stock worth $1,195,000 after buying an additional 70 shares during the period. Bronfman E.L. Rothschild L.P. increased its position in Yahoo! by 1.3% in the third quarter. Bronfman E.L. Rothschild L.P. now owns 5,724 shares of the digital content provider’s stock valued at $247,000 after buying an additional 74 shares during the last quarter. Brighton Jones LLC increased its position in Yahoo! by 1.4% in the third quarter. Brighton Jones LLC now owns 7,173 shares of the digital content provider’s stock valued at $309,000 after buying an additional 100 shares during the last quarter. Advisor Partners LLC increased its position in Yahoo! by 0.8% in the third quarter. Advisor Partners LLC now owns 15,433 shares of the digital content provider’s stock valued at $665,000 after buying an additional 128 shares during the last quarter. Finally, Mn Services Vermogensbeheer B.V. increased its position in Yahoo! by 1.2% in the third quarter. Mn Services Vermogensbeheer B.V. now owns 23,115 shares of the digital content provider’s stock valued at $996,000 after buying an additional 267 shares during the last quarter. 78.06% of the stock is currently owned by hedge funds and other institutional investors.
Yahoo! Inc. (NASDAQ:YHOO) traded up 1.04% on Monday, hitting $45.50. 4,409,944 shares of the stock were exchanged. The firm’s market cap is $43.62 billion. The company has a 50-day moving average of $42.34 and a 200 day moving average of $41.74. Yahoo! Inc. has a 12 month low of $26.72 and a 12 month high of $45.57.
Yahoo! (NASDAQ:YHOO) last issued its quarterly earnings data on Monday, January 23rd. The digital content provider reported $0.25 EPS for the quarter, topping analysts’ consensus estimates 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 business earned $960.10 million during the quarter, compared to analysts’ expectations of $1.38 billion. During the same period last year, the company posted $0.13 EPS. The business’s revenue was down 4.2% on a year-over-year basis. Equities research analysts expect that Yahoo! Inc. will post $0.68 earnings per share for the current fiscal year.
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Several equities analysts have recently commented on the company. Morgan Stanley set a $47.00 target price on Yahoo! and gave the company a “neutral” rating in a research report on Thursday, February 2nd. B. Riley reaffirmed a “neutral” rating and issued a $44.00 target price on shares of Yahoo! in a research report on Sunday, January 29th. Zacks Investment Research downgraded Yahoo! from a “buy” rating to a “hold” rating in a research report on Friday, January 27th. SunTrust Banks, Inc. reaffirmed a “hold” rating and issued a $42.00 target price on shares of Yahoo! in a research report on Wednesday, January 25th. Finally, Oppenheimer Holdings, Inc. set a $52.00 target price on Yahoo! and gave the company a “buy” rating in a research report on Wednesday, January 25th. One equities research 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 stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $43.85.
In other Yahoo! news, CRO Lisa Utzschneider sold 732 shares of Yahoo! stock in a transaction on Wednesday, December 21st. The shares were sold at an average price of $39.08, for a total value of $28,606.56. Following the completion of the transaction, the executive now directly owns 587,331 shares of the company’s stock, valued at approximately $22,952,895.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders sold a total of 3,477 shares of company stock valued at $140,926 over the last three months. 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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