Yahoo Inc. (NASDAQ:YHOO) released its earnings results on Tuesday. 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 100.08% and a positive return on equity of 0.32%. The firm earned $857 million during the quarter, compared to analyst estimates of $1.31 billion. During the same quarter in the previous year, the firm earned $0.15 earnings per share. The firm’s revenue for the quarter was down 14.6% compared to the same quarter last year.
Yahoo (NASDAQ:YHOO) traded down 0.26% during midday trading on Tuesday, hitting $41.68. The stock had a trading volume of 14,328,912 shares. The firm has a 50-day moving average price of $43.16 and a 200-day moving average price of $39.26. The firm’s market capitalization is $39.67 billion. Yahoo has a 1-year low of $26.15 and a 1-year high of $44.92.
In related news, CRO Lisa Utzschneider sold 732 shares of Yahoo stock in a transaction that occurred on Thursday, July 21st. The stock was sold at an average price of $39.01, for a total value of $28,555.32. Following the sale, the executive now owns 618,268 shares of the company’s stock, valued at approximately $24,118,634.68. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 9.20% of the stock is owned by corporate insiders.
Large investors have recently made changes to their positions in the stock. MCF Advisors LLC raised its stake in shares of Yahoo by 77.2% in the second quarter. MCF Advisors LLC now owns 3,993 shares of the digital content provider’s stock worth $150,000 after buying an additional 1,740 shares in the last quarter. Picton Mahoney Asset Management purchased a new stake in shares of Yahoo during the second quarter worth about $199,000. Reliance Trust Co. of Delaware purchased a new stake in shares of Yahoo during the second quarter worth about $226,000. Stratos Wealth Partners LTD. raised 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 in the last quarter. Finally, Wetherby Asset Management Inc. raised its stake in shares of Yahoo by 2.3% in the second quarter. Wetherby Asset Management Inc. now owns 12,234 shares of the digital content provider’s stock worth $460,000 after buying an additional 277 shares in the last quarter. 73.86% of the stock is currently owned by institutional investors and hedge funds.
Several research firms have weighed in on YHOO. Needham & Company LLC lowered shares of Yahoo from a “buy” rating to a “hold” rating and set a $40.00 target price for the company. in a research note on Tuesday. MKM Partners boosted their target price on shares of Yahoo from $44.00 to $51.00 and gave the company a “buy” rating in a research note on Monday. Credit Suisse Group AG set a $52.00 target price on shares of Yahoo and gave the company a “neutral” rating in a research note on Monday. Vetr lowered shares of Yahoo from a “buy” rating to a “hold” rating and set a $45.56 target price for the company. in a research note on Tuesday, October 11th. Finally, SunTrust Banks Inc. reiterated a “neutral” rating and set a $42.00 target price on shares of Yahoo in a research note on Saturday, October 8th. Two investment analysts have rated the stock with a sell rating, twenty-two have issued a hold rating and sixteen have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $41.04.
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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