Investors Buy Shares of Yahoo Inc. (YHOO) on Weakness Following Insider Selling
Investors bought shares of Yahoo Inc. (NASDAQ:YHOO) on weakness during trading hours on Monday following insider selling activity. $56.92 million flowed into the stock on the tick-up and $7.76 million flowed out of the stock on the tick-down, for a money net flow of $49.16 million into the stock. Of all stocks tracked, Yahoo had the 6th highest net in-flow for the day. Yahoo traded down ($0.09) for the day and closed at $40.87Specifically, CRO Lisa Utzschneider sold 683 shares of Yahoo stock in a transaction on Monday, October 3rd. The shares were sold at an average price of $43.03, for a total value of $29,389.49. Following the completion of the sale, the executive now owns 603,484 shares in the company, valued at $25,967,916.52. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 9.20% of the stock is currently owned by corporate insiders.
Several analysts have weighed in on YHOO shares. B. Riley reiterated a “neutral” rating and set a $44.00 target price on shares of Yahoo in a research note on Monday, October 24th. Bank of America Corp. reiterated a “buy” rating and set a $55.00 target price on shares of Yahoo in a research note on Friday, November 11th. Robert W. Baird reiterated a “neutral” rating and set a $42.00 target price on shares of Yahoo in a research note on Friday, September 23rd. Jefferies Group lowered shares of Yahoo from a “buy” rating to a “hold” rating and boosted their target price for the company from $43.00 to $48.00 in a research note on Friday, October 21st. Finally, SunTrust Banks Inc. reiterated a “hold” rating and set a $42.00 target price on shares of Yahoo in a research note on Friday, October 21st. One equities research analyst has rated the stock with a sell rating, twenty-two have given a hold rating and sixteen have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $42.91.
The stock’s market cap is $39.69 billion. The stock’s 50-day moving average is $41.44 and its 200-day moving average is $40.21.
Yahoo (NASDAQ:YHOO) last released its quarterly earnings results on Tuesday, October 18th. The digital content provider reported $0.20 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.14 by $0.06. The business earned $857 million during the quarter, compared to the consensus estimate of $1.31 billion. Yahoo had a positive return on equity of 0.16% and a negative net margin of 96.74%. The firm’s quarterly revenue was down 14.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.15 EPS. On average, equities analysts forecast that Yahoo Inc. will post $0.58 EPS for the current year.
A number of hedge funds have recently added to or reduced their stakes in YHOO. Checchi Capital Advisers LLC increased its stake 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. Municipal Employees Retirement System of Michigan increased its stake in 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 last quarter. Bronfman E.L. Rothschild L.P. increased its stake 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 worth $247,000 after buying an additional 74 shares during the last quarter. Stratos Wealth Partners LTD. increased its stake in 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. Finally, NEXT Financial Group Inc increased its stake in 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. Institutional investors and hedge funds own 77.67% of the company’s stock.
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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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