First Mercantile Trust Co Lowers stake in Yahoo! (YHOO)

Yahoo! (YHOO) : First Mercantile Trust Co reduced its stake in Yahoo! by 4.78% during the most recent quarter end. The investment management company now holds a total of 13,930 shares of Yahoo! which is valued at $602,055 after selling 700 shares in Yahoo! , the firm said in a disclosure report filed with the SEC on Oct 7, 2016.Yahoo! makes up approximately 0.08% of First Mercantile Trust Co’s portfolio.

Other Hedge Funds, Including , Chevy Chase Trust Holdings reduced its stake in YHOO by selling 15,862 shares or 2.12% in the most recent quarter. The Hedge Fund company now holds 730,693 shares of YHOO which is valued at $31,938,591. Yahoo! makes up approx 0.18% of Chevy Chase Trust Holdings’s portfolio.Bnp Paribas Arbitrage Sa boosted its stake in YHOO in the latest quarter, The investment management firm added 2,135,530 additional shares and now holds a total of 2,983,410 shares of Yahoo! which is valued at $130,404,851. Yahoo! makes up approx 0.53% of Bnp Paribas Arbitrage Sa’s portfolio. Washington Trust Bank added YHOO to its portfolio by purchasing 96 company shares during the most recent quarter which is valued at $4,196.Eqis Capital Management boosted its stake in YHOO in the latest quarter, The investment management firm added 1,372 additional shares and now holds a total of 13,749 shares of Yahoo! which is valued at $600,969. Yahoo! makes up approx 0.04% of Eqis Capital Management’s portfolio.

Yahoo! closed down -0.46 points or -1.05% at $43.22 with 85,02,112 shares getting traded on Friday. Post opening the session at $43.26, the shares hit an intraday low of $43.12 and an intraday high of $43.68 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!. 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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