Alta Park Capital Lp adds Yahoo! (YHOO) to its portfolio

Yahoo! (YHOO) : Alta Park Capital Lp added new position in Yahoo! during the most recent quarter end. The investment management firm now holds 171,400 shares of Yahoo! which is valued at $6,252,672 , the company said in a statement filed on May 10, 2016 with the SEC.Yahoo! makes up approximately 11.71% of Alta Park Capital Lp’s portfolio.

Other Hedge Funds, Including , Holowesko Partners Ltd. reduced its stake in YHOO by selling 927,500 shares or 47.63% in the most recent quarter. The Hedge Fund company now holds 1,020,000 shares of YHOO which is valued at $37,209,600. Yahoo! makes up approx 2.91% of Holowesko Partners Ltd.’s portfolio.Old Mutual Customised Solutions (proprietary) Ltd boosted its stake in YHOO in the latest quarter, The investment management firm added 8,800 additional shares and now holds a total of 27,500 shares of Yahoo! which is valued at $1,003,200. Yahoo! makes up approx 0.26% of Old Mutual Customised Solutions (proprietary) Ltd’s portfolio.Teachers Advisors Inc boosted its stake in YHOO in the latest quarter, The investment management firm added 1,326,270 additional shares and now holds a total of 4,595,739 shares of Yahoo! which is valued at $171,099,363. Yahoo! makes up approx 0.31% of Teachers Advisors Inc’s portfolio.Nippon Life Insurance Co boosted its stake in YHOO in the latest quarter, The investment management firm added 660 additional shares and now holds a total of 45,105 shares of Yahoo! which is valued at $1,679,259. Yahoo! makes up approx 0.04% of Nippon Life Insurance Co’s portfolio.State Of New Jersey Common Pension Fund D boosted its stake in YHOO in the latest quarter, The investment management firm added 100,000 additional shares and now holds a total of 1,900,000 shares of Yahoo! which is valued at $69,540,000. Yahoo! makes up approx 0.31% of State Of New Jersey Common Pension Fund D’s portfolio.

Yahoo! opened for trading at $37.03 and hit $37.79 on the upside on Monday, eventually ending the session at $37.48, with a gain of 2.74% or 1 points. The heightened volatility saw the trading volume jump to 1,69,95,080 shares. Company has a market cap of $35,571 M.

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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