Todays Report: The Quantitative Systematic Strategies LLC Purchases Shares of 21,885 Yahoo Inc. (YHOO)

The Quantitative Systematic Strategies LLC Purchases Shares of 21,885 Yahoo Inc. (YHOO)

Quantitative Systematic Strategies LLC acquired a new position in shares of Yahoo Inc. (NASDAQ:YHOO) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 21,885 shares of the digital content provider’s stock, valued at approximately $807,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in YHOO. Checchi Capital Advisers LLC boosted its position in Yahoo by 1.0% in the second quarter. Checchi Capital Advisers LLC now owns 6,751 shares of the digital content provider’s stock worth $254,000 after buying an additional 68 shares during the last quarter. NEXT Financial Group Inc boosted its position in Yahoo by 0.7% in the second quarter. NEXT Financial Group Inc now owns 13,450 shares of the digital content provider’s stock worth $505,000 after buying an additional 100 shares during the last quarter. Eqis Capital Management Inc. boosted its position in Yahoo by 3.5% in the second quarter. Eqis Capital Management Inc. now owns 12,377 shares of the digital content provider’s stock worth $465,000 after buying an additional 424 shares during the last quarter. Conning Inc. boosted its position in Yahoo by 2.1% in the second quarter. Conning Inc. now owns 22,014 shares of the digital content provider’s stock worth $827,000 after buying an additional 450 shares during the last quarter. Finally, LS Investment Advisors LLC boosted its position in Yahoo by 2.3% in the second quarter. LS Investment Advisors LLC now owns 29,323 shares of the digital content provider’s stock worth $1,101,000 after buying an additional 672 shares during the last quarter. 73.66% of the stock is owned by institutional investors.

Yahoo Inc. (NASDAQ:YHOO) traded down 1.01% during midday trading on Wednesday, reaching $42.25. 3,535,633 shares of the company were exchanged. The firm’s 50-day moving average price is $43.21 and its 200 day moving average price is $39.10. The stock’s market capitalization is $40.21 billion. Yahoo Inc. has a 52-week low of $26.15 and a 52-week high of $44.92.

Yahoo (NASDAQ:YHOO) last posted its quarterly earnings data on Monday, July 18th. The digital content provider reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.10 by $0.01. The company earned $842 million during the quarter, compared to analyst estimates of $1.08 billion. Yahoo had a positive return on equity of 0.32% and a negative net margin of 100.08%. The business’s revenue for the quarter was down 19.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.16 EPS. Equities analysts predict that Yahoo Inc. will post $0.49 earnings per share for the current year.

A number of analysts have recently commented on YHOO shares. Cantor Fitzgerald reissued a “buy” rating on shares of Yahoo in a research note on Saturday, July 9th. Bank of America Corp. reissued a “buy” rating and set a $48.00 target price on shares of Yahoo in a research note on Sunday, July 17th. Royal Bank Of Canada reissued a “hold” rating on shares of Yahoo in a research note on Sunday, July 17th. B. Riley reissued a “neutral” rating and set a $38.00 target price on shares of Yahoo in a research note on Tuesday, July 19th. Finally, Citigroup Inc. raised shares of Yahoo from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $38.00 to $43.00 in a research note on Wednesday, June 15th. They noted that the move was a valuation call. Two research analysts have rated the stock with a sell rating, twenty-one have issued a hold rating and seventeen have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $40.67.

In related news, CRO Lisa Utzschneider sold 732 shares of the company’s stock in a transaction dated Monday, August 22nd. The shares were sold at an average price of $42.84, for a total value of $31,358.88. Following the completion of the sale, the executive now owns 612,081 shares of the company’s stock, valued at $26,221,550.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 9.20% of the stock is currently 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.

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