Svenska Handelsbanken Ab (publ) Lowers stake in Yahoo! (YHOO)

Yahoo! (YHOO) : Svenska Handelsbanken Ab (publ) reduced its stake in Yahoo! by 18.1% during the most recent quarter end. The investment management company now holds a total of 2,436,598 shares of Yahoo! which is valued at $91,713,549 after selling 538,402 shares in Yahoo! , the firm said in a disclosure report filed with the SEC on Jul 12, 2016.Yahoo! makes up approximately 5.48% of Svenska Handelsbanken Ab (publ)’s portfolio.

Other Hedge Funds, Including , Creative Planning boosted its stake in YHOO in the latest quarter, The investment management firm added 4,071 additional shares and now holds a total of 102,628 shares of Yahoo! which is valued at $3,862,918. Yahoo! makes up approx 0.03% of Creative Planning’s portfolio. Edge Wealth Management sold out all of its stake in YHOO during the most recent quarter. The investment firm sold 333 shares of YHOO which is valued $12,567.Bnp Paribas Arbitrage Sa reduced its stake in YHOO by selling 1,851,080 shares or 68.58% in the most recent quarter. The Hedge Fund company now holds 847,880 shares of YHOO which is valued at $31,998,991. Yahoo! makes up approx 0.14% of Bnp Paribas Arbitrage Sa’s portfolio.

Yahoo! closed down -0.24 points or -0.63% at $37.72 with 1,35,13,375 shares getting traded on Friday. Post opening the session at $38.16, the shares hit an intraday low of $37.68 and an intraday high of $38.185 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, Yahoo! reported $0.09 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!. Shares were Downgraded by SunTrust on Jul 11, 2016 to ” Neutral” and Lowered the Price Target to $ 42 from a previous price target of $44 .Pivotal Research Group Downgraded Yahoo! on Jul 11, 2016 to ” Hold”, Price Target of the shares are set at $41.Yahoo! was Upgraded by Citigroup to ” Buy” on Jun 16, 2016.

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. 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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