Point72 Asset Management adds Yahoo! (YHOO) to its portfolio

Yahoo! (YHOO) : Point72 Asset Management added new position in Yahoo! during the most recent quarter end. The investment management firm now holds 2,662,500 shares of Yahoo! which is valued at $114,327,750 , the company said in a statement filed on Aug 15, 2016 with the SEC.Yahoo! makes up approximately 0.91% of Point72 Asset Management’s portfolio.

Other Hedge Funds, Including , Landscape Capital Management L.l.c. added YHOO to its portfolio by purchasing 29,841 company shares during the most recent quarter which is valued at $1,281,373. Yahoo! makes up approx 0.16% of Landscape Capital Management L.l.c.’s portfolio.Ubs Asset Management Americas Inc boosted its stake in YHOO in the latest quarter, The investment management firm added 21,794 additional shares and now holds a total of 2,396,290 shares of Yahoo! which is valued at $98,894,888. Yahoo! makes up approx 0.11% of Ubs Asset Management Americas Inc’s portfolio.Exane Derivatives reduced its stake in YHOO by selling 33,036 shares or 50.37% in the most recent quarter. The Hedge Fund company now holds 32,556 shares of YHOO which is valued at $1,249,825. Yahoo! makes up approx 0.20% of Exane Derivatives’s portfolio.

Yahoo! closed down -0.36 points or -0.81% at $44.35 with 9,109,446 shares getting traded on Wednesday. Post opening the session at $44.55, the shares hit an intraday low of $44.19 and an intraday high of $44.92 and the price fluctuated in this range throughout the day.Shares ended Wednesday 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!. Company shares were Reiterated by BofA/Merrill on Aug 23, 2016 to “Buy”, Firm has raised the Price Target to $ 53 from a previous price target of $50 .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 .

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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