Trust Co. of Toledo NA OH Maintains Stake in Yahoo! Inc. (YHOO)
Trust Co. of Toledo NA OH held its stake in shares of Yahoo! Inc. (NASDAQ:YHOO) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,739 shares of the digital content provider’s stock at the end of the first quarter. Trust Co. of Toledo NA OH’s holdings in Yahoo! were worth $313,000 at the end of the most recent reporting period.
A number of other large investors also recently made changes to their positions in YHOO. Norges Bank bought a new stake in shares of Yahoo! during the fourth quarter worth $259,119,000. Mason Capital Management LLC bought a new stake in shares of Yahoo! during the third quarter worth $244,343,000. MSD Partners L.P. acquired a new position in Yahoo! during the fourth quarter valued at approximately $215,492,000. Carve CapitalAB acquired a new position in Yahoo! during the fourth quarter valued at approximately $154,676,000. Finally, Canyon Capital Advisors LLC increased its position in Yahoo! by 12.0% in the third quarter. Canyon Capital Advisors LLC now owns 20,803,565 shares of the digital content provider’s stock valued at $896,634,000 after buying an additional 2,231,162 shares during the period. 82.74% of the stock is currently owned by institutional investors and hedge funds.
Shares of Yahoo! Inc. (YHOO) remained flat at $52.58 during mid-day trading on Friday. 269,377,149 shares of the company were exchanged. The firm has a 50-day moving average price of $50.51 and a 200 day moving average price of $45.66. Yahoo! Inc. has a 12-month low of $35.05 and a 12-month high of $57.39. The firm’s market capitalization is $50.38 billion.
Yahoo! (NASDAQ:YHOO) last announced its earnings results on Tuesday, April 18th. The digital content provider reported $0.18 EPS for the quarter, beating analysts’ consensus estimates of $0.14 by $0.04. The firm had revenue of $833.80 million for the quarter, compared to analysts’ expectations of $814.32 million. Yahoo! had a positive return on equity of 0.77% and a negative net margin of 0.29%. Yahoo!’s quarterly revenue was down 2.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.08 EPS. On average, equities research analysts forecast that Yahoo! Inc. will post $0.71 EPS for the current year.
Several research analysts have recently issued reports on YHOO shares. Zacks Investment Research upgraded shares of Yahoo! from a “hold” rating to a “buy” rating and set a $59.00 target price on the stock in a report on Thursday. BidaskClub cut shares of Yahoo! from a “strong-buy” rating to a “buy” rating in a report on Wednesday. B. Riley dropped coverage on shares of Yahoo! in a report on Wednesday. MKM Partners reiterated a “buy” rating and issued a $62.00 price target (up previously from $58.00) on shares of Yahoo! in a report on Wednesday, May 17th. Finally, Vetr upgraded shares of Yahoo! from a “sell” rating to a “buy” rating and set a $53.02 price target on the stock in a report on Wednesday, May 3rd. Sixteen investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Yahoo! has a consensus rating of “Hold” and a consensus target price of $46.93.
In related news, CRO Lisa Utzschneider sold 974 shares of the stock in a transaction on Wednesday, March 22nd. The stock was sold at an average price of $45.75, for a total value of $44,560.50. Following the transaction, the executive now directly owns 576,260 shares of the company’s stock, valued at approximately $26,363,895. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 9.20% of the stock is owned by company insiders.
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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