Yahoo Inc. (NASDAQ:YHOO)‘s stock had its “hold” rating reiterated by SunTrust Banks Inc. in a research note issued to investors on Friday. They presently have a $42.00 price target on the digital content provider’s stock. SunTrust Banks Inc.’s price objective indicates a potential downside of 0.90% from the company’s current price.
YHOO has been the topic of several other reports. Bank of America Corp. reaffirmed a “buy” rating and set a $53.00 price target (up from $50.00) on shares of Yahoo in a research report on Tuesday, August 23rd. MKM Partners increased their price target on Yahoo from $44.00 to $51.00 and gave the stock a “buy” rating in a research report on Monday. Vetr raised Yahoo from a “sell” rating to a “hold” rating and set a $43.17 price target on the stock in a research report on Monday, September 5th. Oppenheimer Holdings Inc. reaffirmed an “outperform” rating and set a $55.00 price target (up from $48.00) on shares of Yahoo in a research report on Monday, September 19th. Finally, Robert W. Baird reaffirmed a “neutral” rating and set a $42.00 price target on shares of Yahoo in a research report on Friday, September 23rd. One analyst has rated the stock with a sell rating, twenty-three have given a hold rating and sixteen have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $42.64.
Yahoo (NASDAQ:YHOO) traded down 1.09% on Friday, reaching $41.92. The company’s stock had a trading volume of 2,569,058 shares. Yahoo has a 12-month low of $26.15 and a 12-month high of $44.92. The stock’s market cap is $40.13 billion. The company’s 50 day moving average price is $43.14 and its 200-day moving average price is $39.34.
Yahoo (NASDAQ:YHOO) last released its earnings results on Tuesday, October 18th. The digital content provider reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.06. Yahoo had a positive return on equity of 0.16% and a negative net margin of 96.74%. The firm had revenue of $857 million for the quarter, compared to the consensus estimate of $1.31 billion. During the same period in the prior year, the firm earned $0.15 EPS. The firm’s revenue was down 14.6% on a year-over-year basis. On average, equities analysts expect that Yahoo will post $0.49 EPS for the current year.
In other Yahoo news, CRO Lisa Utzschneider sold 683 shares of the company’s stock in a transaction dated Tuesday, August 30th. The shares were sold at an average price of $42.28, for a total transaction of $28,877.24. Following the transaction, the executive now directly owns 609,672 shares in the company, valued at $25,776,932.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 9.20% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of YHOO. Vanguard Group Inc. increased its stake 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 valued at $2,001,909,000 after buying an additional 1,126,726 shares during the period. Canyon Capital Advisors LLC increased its stake 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 valued at $697,579,000 after buying an additional 7,445,247 shares during the period. TCI Fund Management Ltd. acquired a new stake in shares of Yahoo during the first quarter valued at about $530,211,000. Natixis increased its stake in shares of Yahoo by 33.7% in the first quarter. Natixis now owns 14,099,072 shares of the digital content provider’s stock valued at $518,987,000 after buying an additional 3,552,539 shares during the period. Finally, Iridian Asset Management LLC CT increased its stake in shares of Yahoo by 13.2% in the second quarter. Iridian Asset Management LLC CT now owns 9,790,482 shares of the digital content provider’s stock valued at $367,731,000 after buying an additional 1,141,403 shares during the period. Institutional investors own 73.86% 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.