BB&T Corp boosted its stake in shares of Yahoo Inc. (NASDAQ:YHOO) by 5.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,661 shares of the digital content provider’s stock after buying an additional 1,246 shares during the period. BB&T Corp’s holdings in Yahoo were worth $1,063,000 as of its most recent SEC filing.
Other institutional investors have also recently made changes to their positions in the company. River & Mercantile Asset Management LLP raised its position in Yahoo by 52.7% in the second quarter. River & Mercantile Asset Management LLP now owns 83,708 shares of the digital content provider’s stock valued at $3,144,000 after buying an additional 28,899 shares during the period. Atria Investments LLC bought a new position in Yahoo during the second quarter valued at about $399,000. Chevy Chase Trust Holdings Inc. raised its position in Yahoo by 1.6% in the second quarter. Chevy Chase Trust Holdings Inc. now owns 746,555 shares of the digital content provider’s stock valued at $28,041,000 after buying an additional 11,567 shares during the period. Exxonmobil Investment Management Inc. TX raised its position in Yahoo by 6.7% in the second quarter. Exxonmobil Investment Management Inc. TX now owns 226,216 shares of the digital content provider’s stock valued at $8,497,000 after buying an additional 14,132 shares during the period. Finally, British Columbia Investment Management Corp raised its position in Yahoo by 1.4% in the second quarter. British Columbia Investment Management Corp now owns 549,890 shares of the digital content provider’s stock valued at $20,654,000 after buying an additional 7,773 shares during the period. Hedge funds and other institutional investors own 73.62% of the company’s stock.
Yahoo Inc. (NASDAQ:YHOO) remained flat at $40.96 during mid-day trading on Thursday. 3,719,257 shares of the company traded hands. The stock’s 50-day moving average price is $41.63 and its 200-day moving average price is $40.11. The firm’s market capitalization is $39.08 billion. Yahoo Inc. has a 12-month low of $26.15 and a 12-month high of $44.92.
Yahoo (NASDAQ:YHOO) last announced its quarterly earnings data on Tuesday, October 18th. The digital content provider reported $0.20 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.14 by $0.06. The firm earned $857 million during the quarter, compared to analyst estimates of $1.31 billion. Yahoo had a positive return on equity of 0.16% and a negative net margin of 96.74%. Yahoo’s quarterly revenue was down 14.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.15 earnings per share. Analysts anticipate that Yahoo Inc. will post $0.58 EPS for the current year.
Several equities analysts have issued reports on the company. Vetr lowered Yahoo from a “strong-buy” rating to a “buy” rating and set a $45.77 target price on the stock. in a research note on Wednesday, November 16th. Bank of America Corp. reiterated a “buy” rating and issued a $55.00 target price on shares of Yahoo in a research note on Friday, November 11th. Needham & Company LLC reiterated a “hold” rating on shares of Yahoo in a research note on Monday, October 31st. B. Riley reiterated a “neutral” rating and issued a $44.00 target price on shares of Yahoo in a research note on Monday, October 24th. Finally, Oppenheimer Holdings Inc. reiterated an “outperform” rating and issued a $54.00 target price (down previously from $55.00) on shares of Yahoo in a research note on Sunday, October 23rd. One analyst has rated the stock with a sell rating, twenty-two have given a hold rating and sixteen have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $42.91.
In related news, CRO Lisa Utzschneider sold 683 shares of the business’s stock in a transaction dated Tuesday, August 30th. The stock was sold at an average price of $42.28, for a total value of $28,877.24. Following the completion of the sale, the executive now directly owns 609,672 shares of the company’s stock, valued at $25,776,932.16. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 9.20% of the stock is owned by corporate insiders.
Yahoo Company Profile
Yahoo! Inc (Yahoo), along with its subsidiaries, is engaged in digital information discovery. The Company’s segments include the Americas; Europe, Middle East and Africa (EMEA), and Asia Pacific. The Company focuses on informing, connecting and entertaining its users with its search (Yahoo search), communications, including Yahoo Mail and Yahoo Messenger, and digital content products, including Tumblr, and its four verticals, such as Yahoo News, Yahoo Sports, Yahoo Finance and Yahoo Lifestyle.