Conning Inc. raised its position in shares of Yahoo Inc. (NASDAQ:YHOO) by 2.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 22,014 shares of the digital content provider’s stock after buying an additional 450 shares during the period. Conning Inc.’s holdings in Yahoo were worth $827,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also modified their holdings of the stock. NN Investment Partners Holdings N.V. acquired a new position in shares of Yahoo during the first quarter worth approximately $206,000. Checchi Capital Advisers LLC increased its position in shares of Yahoo by 1.0% in the second quarter. Checchi Capital Advisers LLC now owns 6,751 shares of the digital content provider’s stock worth $254,000 after buying an additional 68 shares in the last quarter. IFP Advisors Inc increased its position in shares of Yahoo by 7.4% in the first quarter. IFP Advisors Inc now owns 8,518 shares of the digital content provider’s stock worth $314,000 after buying an additional 587 shares in the last quarter. Sterneck Capital Management LLC acquired a new position in shares of Yahoo during the first quarter worth approximately $333,000. Finally, Reynolds Capital Management LLC acquired a new position in shares of Yahoo during the first quarter worth approximately $368,000. 73.65% of the stock is owned by hedge funds and other institutional investors.
Yahoo Inc. (NASDAQ:YHOO) traded up 0.74% during trading on Wednesday, hitting $43.69. The stock had a trading volume of 7,418,984 shares. The company’s market capitalization is $41.58 billion. The stock has a 50 day moving average price of $42.96 and a 200 day moving average price of $38.53. Yahoo Inc. has a 12-month low of $26.15 and a 12-month high of $44.92.
Yahoo (NASDAQ:YHOO) last issued its earnings results on Monday, July 18th. The digital content provider reported $0.09 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.10 by $0.01. Yahoo had a negative net margin of 100.08% and a positive return on equity of 0.32%. The firm earned $842 million during the quarter, compared to analyst estimates of $1.08 billion. During the same quarter last year, the business posted $0.16 earnings per share. The company’s revenue for the quarter was down 19.3% on a year-over-year basis. Equities research analysts forecast that Yahoo Inc. will post $0.49 earnings per share for the current year.
A number of research analysts recently commented on the company. Cantor Fitzgerald reissued a “buy” rating on shares of Yahoo in a report on Saturday, July 9th. Royal Bank Of Canada reissued a “hold” rating on shares of Yahoo in a report on Sunday, July 17th. Bank of America Corp. reissued a “buy” rating and issued a $48.00 price target on shares of Yahoo in a report on Sunday, July 17th. SunTrust Banks Inc. reissued a “buy” rating and issued a $44.00 price target on shares of Yahoo in a report on Wednesday, June 1st. Finally, JMP Securities reissued a “hold” rating on shares of Yahoo in a report on Monday, July 18th. Three equities research analysts have rated the stock with a sell rating, twenty have issued a hold rating and seventeen have assigned a buy rating to the stock. Yahoo currently has an average rating of “Hold” and a consensus target price of $40.61.
In related news, CRO Lisa Utzschneider sold 683 shares of the firm’s stock in a transaction dated Thursday, June 30th. The shares were sold at an average price of $36.89, for a total value of $25,195.87. Following the completion of the sale, the executive now directly owns 622,046 shares in the company, valued at approximately $22,947,276.94. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 9.20% of the stock is currently owned by corporate insiders.
Yahoo Company Profile
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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