Dnb Asset Management As Lowers stake in Yahoo! (YHOO)

Yahoo! (YHOO) : Dnb Asset Management As reduced its stake in Yahoo! by 1.54% during the most recent quarter end. The investment management company now holds a total of 2,588,342 shares of Yahoo! which is valued at $94,500,366 after selling 40,613 shares in Yahoo! , the firm said in a disclosure report filed with the SEC on Apr 11, 2016.Yahoo! makes up approximately 1.95% of Dnb Asset Management As’s portfolio.

Yahoo! closed down -0.66 points or -1.78% at $36.51 with 1,90,46,880 shares getting traded on Friday. Post opening the session at $37.13, the shares hit an intraday low of $36.42 and an intraday high of $37.15 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

Other Hedge Funds, Including , Edge Wealth Management added YHOO to its portfolio by purchasing 333 company shares during the most recent quarter which is valued at $12,148. Yahoo! makes up approx 0.01% of Edge Wealth Management’s portfolio.Rathbone Brothers Plc reduced its stake in YHOO by selling 900 shares or 4.69% in the most recent quarter. The Hedge Fund company now holds 18,270 shares of YHOO which is valued at $666,490. Yahoo! makes up approx 0.04% of Rathbone Brothers Plc’s portfolio.River Mercantile Asset Management Llp reduced its stake in YHOO by selling 32,192 shares or 37.0% in the most recent quarter. The Hedge Fund company now holds 54,809 shares of YHOO which is valued at $1,999,432. Yahoo! makes up approx 1.31% of River Mercantile Asset Management Llp’s portfolio.

On the company’s financial health, Yahoo! reported $0.13 EPS for the quarter, based on the information available during the earnings call on Feb 2, 2016. Analyst had a consensus estimate of $0.13. The company had revenue of $1002.00 million for the quarter, compared to analysts expectations of $948.02 million. The company’s revenue was down -15.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.30 EPS.

Many Wall Street Analysts have commented on Yahoo!. Company shares were Reiterated by Sun Trust Rbsn Humphrey on Apr 13, 2016 to “Buy”, Firm has raised the Price Target to $ 44 from a previous price target of $40 .Company shares were Reiterated by Axiom Capital on Apr 12, 2016 to “Hold”, Firm has raised the Price Target to $ 36 from a previous price target of $32 .Company shares were Reiterated by Pivotal Research Group on Apr 11, 2016 to “Hold”, Firm has raised the Price Target to $ 40 from a previous price target of $35 .

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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