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. 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.