Svenska Handelsbanken Ab (publ) buys $108.5 Million stake in Yahoo! (YHOO)

Yahoo! (YHOO) : Svenska Handelsbanken Ab (publ) scooped up 1,075,000 additional shares in Yahoo! during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 12, 2016. The investment management firm now holds a total of 2,975,000 shares of Yahoo! which is valued at $108.5 Million.Yahoo! makes up approximately 11.93% of Svenska Handelsbanken Ab (publ)’s portfolio.

Other Hedge Funds, Including , Employees Retirement System Of Texas reduced its stake in YHOO by selling 13,000 shares or 8.19% in the most recent quarter. The Hedge Fund company now holds 145,800 shares of YHOO which is valued at $5.3 Million. Yahoo! makes up approx 0.07% of Employees Retirement System Of Texas’s portfolio.Spot Trading L.l.c boosted its stake in YHOO in the latest quarter, The investment management firm added 211,737 additional shares and now holds a total of 213,304 shares of Yahoo! which is valued at $7.8 Million. Yahoo! makes up approx 1.03% of Spot Trading L.l.c’s portfolio. Numeric Investors added YHOO to its portfolio by purchasing 13,300 company shares during the most recent quarter which is valued at $495,159. Yahoo! makes up approx 0.01% of Numeric Investors’s portfolio.New York State Common Retirement Fund boosted its stake in YHOO in the latest quarter, The investment management firm added 226,895 additional shares and now holds a total of 2,651,395 shares of Yahoo! which is valued at $98.7 Million. Yahoo! makes up approx 0.15% of New York State Common Retirement Fund’s portfolio.

Yahoo! closed down -0.52 points or -1.40% at $36.5 with 3,43,30,703 shares getting traded on Friday. Post opening the session at $36.05, the shares hit an intraday low of $35.88 and an intraday high of $36.72 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, Yahoo! reported $0.08 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Apr 19, 2016. Analyst had a consensus of $0.07. The company had revenue of $859.00 million for the quarter, compared to analysts expectations of $845.90 million. The company’s revenue was down -17.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.15 EPS.

Many Wall Street Analysts have commented on Yahoo!. Company shares were Reiterated by Axiom Capital on Apr 20, 2016 to “Hold”, Firm has raised the Price Target to $ 37 from a previous price target of $36 .Company shares were Reiterated by RBC Capital Mkts on Apr 20, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 38 from a previous price target of $33 .Company shares were Reiterated by Piper Jaffray on Apr 20, 2016 to “Overweight”, Firm has raised the Price Target to $ 40 from a previous price target of $31 .

Yahoo! Inc. is a technology company. The Company is engaged in providing Internet search communication and digital content. The Company manages its business geographically: the Americas; Europe the Middle East and Africa (EMEA) and Asia Pacific. The Company’s products include Search Communications Digital content Flickr and Tumblr. Yahoo Search is a search engine serves as a starting point to navigate the Internet and discover information which is ranked and organized -based on their relevance to the query. Yahoo Mail connects users across mobile phones tablets and PC. Yahoo.com offers news and information including Yahoo original content and partner content. Flickr is a Web and mobile photo management and sharing service. Tumblr offers a Web platform and mobile applications (particularly on the iOS and Android platforms) that allow users to create share and curate content. Yahoo is also a digital publisher and advertising technology provider.

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