Bank of New York Mellon Corp boosted its stake in shares of Yahoo Inc. (NASDAQ:YHOO) by 0.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,329,597 shares of the digital content provider’s stock after buying an additional 40,697 shares during the period. Bank of New York Mellon Corp owned 0.77% of Yahoo worth $315,905,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the stock. Checchi Capital Advisers LLC boosted its position in Yahoo by 1.0% in the second quarter. Checchi Capital Advisers LLC now owns 6,751 shares of the digital content provider’s stock valued at $254,000 after buying an additional 68 shares during the period. Stratos Wealth Partners LTD. boosted its stake in shares of Yahoo by 0.8% in the second quarter. Stratos Wealth Partners LTD. now owns 10,504 shares of the digital content provider’s stock worth $395,000 after buying an additional 85 shares during the last quarter. NEXT Financial Group Inc boosted its stake in shares of Yahoo by 0.7% in the second quarter. NEXT Financial Group Inc now owns 13,450 shares of the digital content provider’s stock worth $505,000 after buying an additional 100 shares during the last quarter. Brighton Jones LLC boosted its stake in shares of Yahoo by 1.4% in the third quarter. Brighton Jones LLC now owns 7,173 shares of the digital content provider’s stock worth $309,000 after buying an additional 100 shares during the last quarter. Finally, Glenmede Trust Co. NA boosted its stake in shares of Yahoo by 2.7% in the second quarter. Glenmede Trust Co. NA now owns 4,512 shares of the digital content provider’s stock worth $169,000 after buying an additional 120 shares during the last quarter. Institutional investors own 77.67% of the company’s stock.

Institutional Ownership by Quarter for Yahoo (NASDAQ:YHOO)

Yahoo (NASDAQ:YHOO) last issued its earnings results on Tuesday, October 18th. The digital content provider reported $0.20 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.06. Yahoo had a negative net margin of 96.74% and a positive return on equity of 0.16%. The business had revenue of $857 million for the quarter, compared to analyst estimates of $1.31 billion. During the same period in the previous year, the business earned $0.15 EPS. The firm’s revenue was down 14.6% on a year-over-year basis.

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A number of equities analysts recently commented on the stock. RBC Capital Markets reaffirmed a “sector perform” rating and issued a $29.00 price objective on shares of Yahoo in a research note on Monday, August 1st. SunTrust Banks Inc. reaffirmed a “neutral” rating and issued a $42.00 price objective on shares of Yahoo in a research note on Monday, August 1st. Jefferies Group reaffirmed a “buy” rating and issued a $43.00 price objective on shares of Yahoo in a research note on Monday, August 1st. Cantor Fitzgerald reaffirmed a “buy” rating and issued a $49.00 price objective on shares of Yahoo in a research note on Tuesday, August 9th. Finally, Vetr lowered shares of Yahoo from a “buy” rating to a “hold” rating and set a $40.95 price objective for the company. in a research note on Wednesday, August 10th. One investment analyst has rated the stock with a sell rating, twenty-two have issued a hold rating and sixteen have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $42.91.

In other 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 sale, the executive now directly owns 605,893 shares in the company, valued at approximately $26,622,938.42. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 9.20% of the company’s stock.

About Yahoo

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.

5 Day Chart for NASDAQ:YHOO

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