Ao Asset Management Lowers stake in Yahoo! (YHOO)

Yahoo! (YHOO) : Ao Asset Management reduced its stake in Yahoo! by 48.49% during the most recent quarter end. The investment management company now holds a total of 444,500 shares of Yahoo! which is valued at $17,064,355 after selling 418,500 shares in Yahoo! , the firm said in a disclosure report filed with the SEC on Aug 3, 2016.Yahoo! makes up approximately 4.21% of Ao Asset Management’s portfolio.

Other Hedge Funds, Including , Brighton Jones reduced its stake in YHOO by selling 328 shares or 4.43% in the most recent quarter. The Hedge Fund company now holds 7,073 shares of YHOO which is valued at $271,532. Yahoo! makes up approx 0.05% of Brighton Jones’s portfolio. Ayalon Holdings Ltd. sold out all of its stake in YHOO during the most recent quarter. The investment firm sold 700 shares of YHOO which is valued $26,873.Tokio Marine Asset Management Co Ltd reduced its stake in YHOO by selling 660 shares or 2.32% in the most recent quarter. The Hedge Fund company now holds 27,846 shares of YHOO which is valued at $1,076,526. Yahoo! makes up approx 0.11% of Tokio Marine Asset Management Co Ltd’s portfolio. Fny Managed Accounts sold out all of its stake in YHOO during the most recent quarter. The investment firm sold 3,500 shares of YHOO which is valued $135,310.

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.

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