Yahoo Inc. (YHOO) Short Interest Update
Yahoo Inc. (NASDAQ:YHOO) was the recipient of a large increase in short interest in the month of September. As of September 15th, there was short interest totalling 47,092,916 shares, an increase of 4.7% from the August 31st total of 44,978,655 shares. Currently, 5.4% of the company’s shares are short sold. Based on an average daily volume of 10,514,778 shares, the short-interest ratio is presently 4.5 days.
In related news, CRO Lisa Utzschneider sold 732 shares of Yahoo stock in a transaction dated Thursday, September 22nd. The shares were sold at an average price of $43.94, for a total transaction of $32,164.08. Following the completion of the transaction, the executive now directly owns 605,893 shares of the company’s stock, valued at approximately $26,622,938.42. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 9.20% of the company’s stock.
Institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its position in shares of Yahoo by 2.2% in the second quarter. Vanguard Group Inc. now owns 53,298,983 shares of the digital content provider’s stock worth $2,001,909,000 after buying an additional 1,126,726 shares during the last quarter. State Street Corp boosted its position in shares of Yahoo by 9.9% in the first quarter. State Street Corp now owns 36,235,550 shares of the digital content provider’s stock worth $1,333,822,000 after buying an additional 3,253,009 shares during the last quarter. BlackRock Institutional Trust Company N.A. boosted its position in shares of Yahoo by 2.6% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 23,085,504 shares of the digital content provider’s stock worth $849,777,000 after buying an additional 593,069 shares during the last quarter. Canyon Capital Advisors LLC boosted its position in shares of Yahoo by 66.9% in the second quarter. Canyon Capital Advisors LLC now owns 18,572,403 shares of the digital content provider’s stock worth $697,579,000 after buying an additional 7,445,247 shares during the last quarter. Finally, TCI Fund Management Ltd. acquired a new position in shares of Yahoo during the first quarter worth approximately $530,211,000. 73.65% of the stock is currently owned by institutional investors and hedge funds.
A number of equities analysts recently commented on YHOO shares. Cantor Fitzgerald reaffirmed a “buy” rating and set a $49.00 price target on shares of Yahoo in a research note on Sunday, June 5th. Vetr cut shares of Yahoo from a “strong-buy” rating to a “buy” rating and set a $41.23 price target for the company. in a research note on Tuesday, June 7th. SunTrust Banks Inc. reaffirmed a “buy” rating on shares of Yahoo in a research note on Tuesday, June 7th. Needham & Company LLC reaffirmed a “buy” rating and set a $40.00 price target on shares of Yahoo in a research note on Thursday, June 9th. Finally, Bank of America Corp. reaffirmed a “buy” rating and set a $48.00 price target on shares of Yahoo in a research note on Monday, June 13th. Three investment analysts have rated the stock with a sell rating, twenty have given a hold rating and seventeen have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $40.61.
Yahoo (NASDAQ:YHOO) opened at 43.10 on Friday. Yahoo has a 12-month low of $26.15 and a 12-month high of $44.92. The firm’s 50-day moving average is $43.08 and its 200 day moving average is $38.63. The stock’s market capitalization is $41.02 billion.
Yahoo (NASDAQ:YHOO) last announced its earnings results on Monday, July 18th. The digital content provider reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by $0.01. The business 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 was down 19.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.16 earnings per share. Equities analysts expect that Yahoo will post $0.49 EPS for the current year.
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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