Yahoo Inc. (YHOO) Stock Rating Reaffirmed by SunTrust Banks Inc.
Yahoo Inc. (NASDAQ:YHOO)‘s stock had its “neutral” rating restated by analysts at SunTrust Banks Inc. in a report issued on Friday.
YHOO has been the topic of several other research reports. Citigroup Inc. reaffirmed a “buy” rating on shares of Yahoo in a research note on Monday, September 26th. Jefferies Group reaffirmed a “buy” rating on shares of Yahoo in a research note on Monday, July 11th. Nomura set a $39.00 price target on Yahoo and gave the company a “neutral” rating in a research note on Tuesday, July 19th. Macquarie lowered Yahoo from an “outperform” rating to a “neutral” rating and set a $39.00 price target on the stock. in a research note on Monday, July 25th. Finally, Vetr lowered Yahoo from a “hold” rating to a “sell” rating and set a $41.44 price target on the stock. in a research note on Thursday, August 18th. Three equities research analysts have rated the stock with a sell rating, twenty have issued a hold rating and seventeen have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $40.61.
Yahoo (NASDAQ:YHOO) opened at 43.13 on Friday. The firm’s market capitalization is $41.05 billion. Yahoo has a 12-month low of $26.15 and a 12-month high of $44.92. The company’s 50-day moving average price is $43.09 and its 200-day moving average price is $38.77.
Yahoo (NASDAQ:YHOO) last posted its quarterly earnings data 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 positive return on equity of 0.32% and a negative net margin of 100.08%. Yahoo’s revenue for the quarter was down 19.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.16 EPS. Equities analysts expect that Yahoo will post $0.49 EPS for the current fiscal year.
In related news, CRO Lisa Utzschneider sold 732 shares of Yahoo stock in a transaction that occurred on Monday, August 22nd. The stock was sold at an average price of $42.84, for a total transaction of $31,358.88. Following the completion of the sale, the executive now directly owns 612,081 shares of the company’s stock, valued at approximately $26,221,550.04. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 9.20% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in Yahoo by 2.2% in the second quarter. Vanguard Group Inc. now owns 53,298,983 shares of the digital content provider’s stock valued at $2,001,909,000 after buying an additional 1,126,726 shares during the last quarter. State Street Corp boosted its stake in Yahoo by 9.9% in the first quarter. State Street Corp now owns 36,235,550 shares of the digital content provider’s stock valued at $1,333,822,000 after buying an additional 3,253,009 shares during the last quarter. BlackRock Institutional Trust Company N.A. boosted its stake in 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 valued at $849,777,000 after buying an additional 593,069 shares during the last quarter. Canyon Capital Advisors LLC boosted its stake in 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 valued at $697,579,000 after buying an additional 7,445,247 shares during the last quarter. Finally, TCI Fund Management Ltd. purchased a new stake in Yahoo during the first quarter valued at $530,211,000. 73.65% of the stock is owned by institutional investors and hedge funds.
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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