Yahoo! (YHOO) : Moisand Fitzgerald Tamayo has sold out all of its stake in Yahoo! during the most recent quarter, according to the disclosure filed by the company on Aug 3, 2016 with the SEC. The investment management company has sold out 36 shares of Yahoo! which is valued at $1,382.
Other Hedge Funds, Including , Wall Street Access Asset Management reduced its stake in YHOO by selling 1,155 shares or 10.98% in the most recent quarter. The Hedge Fund company now holds 9,360 shares of YHOO which is valued at $359,330. Yahoo! makes up approx 0.21% of Wall Street Access Asset Management’s portfolio.Concert Wealth Management boosted its stake in YHOO in the latest quarter, The investment management firm added 894 additional shares and now holds a total of 53,908 shares of Yahoo! which is valued at $2,058,747. Yahoo! makes up approx 0.27% of Concert Wealth Management’s portfolio.Robeco Institutional Asset Management B.v. boosted its stake in YHOO in the latest quarter, The investment management firm added 32,780 additional shares and now holds a total of 85,620 shares of Yahoo! which is valued at $3,371,716. Yahoo! makes up approx 0.02% of Robeco Institutional Asset Management B.v.’s portfolio.New York State Teachers Retirement System boosted its stake in YHOO in the latest quarter, The investment management firm added 269 additional shares and now holds a total of 1,510,834 shares of Yahoo! which is valued at $59,496,643. Yahoo! makes up approx 0.15% of New York State Teachers Retirement System’s portfolio.Ls Investment Advisors boosted its stake in YHOO in the latest quarter, The investment management firm added 672 additional shares and now holds a total of 29,323 shares of Yahoo! which is valued at $1,154,740. Yahoo! makes up approx 0.08% of Ls Investment Advisors’s portfolio.
Yahoo! opened for trading at $39 and hit $39.27 on the upside on Monday, eventually ending the session at $39.24, with a gain of 0.64% or 0.25 points. The heightened volatility saw the trading volume jump to 1,01,31,279 shares. Company has a market cap of $37,241 M.
On the company’s financial health, Yahoo! reported $0.09 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on Jul 18, 2016. Analyst had a consensus of $0.10. The company had revenue of $842.00 million for the quarter, compared to analysts expectations of $836.80 million. The company’s revenue was down -19.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.16 EPS.
Many Wall Street Analysts have commented on Yahoo!. Yahoo! was Downgraded by Morgan Stanley to ” Equal-Weight” on Jul 26, 2016. Company shares were Reiterated by RBC Capital Mkts on Jul 19, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 39 from a previous price target of $38 .Company shares were Reiterated by UBS on Jul 19, 2016 to “Buy”, Firm has raised the Price Target to $ 43 from a previous price target of $42 .
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.