Traders purchased shares of Yahoo Inc. (NASDAQ:YHOO) on weakness during trading on Friday after an insider sold shares in the company. $56.92 million flowed into the stock on the tick-up and $7.76 million flowed out of the stock on the tick-down, for a money net flow of $49.16 million into the stock. Of all companies tracked, Yahoo had the 2nd highest net in-flow for the day. Yahoo traded down ($0.09) for the day and closed at $40.87Specifically, CRO Lisa Utzschneider sold 683 shares of Yahoo stock in a transaction dated Tuesday, November 1st. The shares were sold at an average price of $41.13, for a total transaction of $28,091.79. Following the completion of the transaction, the executive now owns 597,297 shares in the company, valued at $24,566,825.61. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 9.20% of the company’s stock.
A number of brokerages have issued reports on YHOO. Vetr cut shares of Yahoo from a “strong-buy” rating to a “buy” rating and set a $45.77 target price for the company. in a research report on Wednesday, November 16th. Bank of America Corp. restated a “buy” rating and set a $55.00 target price on shares of Yahoo in a research report on Friday, November 11th. Needham & Company LLC restated a “hold” rating on shares of Yahoo in a research report on Monday, October 31st. B. Riley restated a “neutral” rating and set a $44.00 target price on shares of Yahoo in a research report on Monday, October 24th. Finally, Oppenheimer Holdings Inc. restated an “outperform” rating and set a $54.00 target price (down previously from $55.00) on shares of Yahoo in a research report on Sunday, October 23rd. One research analyst has rated the stock with a sell rating, twenty-two have assigned a hold rating and sixteen have issued a buy rating to the company. Yahoo presently has an average rating of “Hold” and a consensus target price of $42.91.
The firm’s 50 day moving average is $41.63 and its 200-day moving average is $40.11. The firm’s market capitalization is $39.00 billion.
Yahoo (NASDAQ:YHOO) last released its quarterly earnings data on Tuesday, October 18th. The digital content provider reported $0.20 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.06. Yahoo had a positive return on equity of 0.16% and a negative net margin of 96.74%. The firm had revenue of $857 million for the quarter, compared to the consensus estimate of $1.31 billion. During the same quarter in the prior year, the company posted $0.15 earnings per share. The firm’s revenue was down 14.6% on a year-over-year basis. Equities research analysts forecast that Yahoo Inc. will post $0.58 EPS for the current year.
A number of institutional investors have recently made changes to their positions in the stock. Quadrant Capital Group LLC increased its position in shares of Yahoo by 55.7% in the second quarter. Quadrant Capital Group LLC now owns 2,918 shares of the digital content provider’s stock valued at $100,000 after buying an additional 1,044 shares during the period. Edmond DE Rothschild Monaco bought a new position in shares of Yahoo during the third quarter valued at approximately $129,000. PineBridge Investments L.P. bought a new position in shares of Yahoo during the second quarter valued at approximately $125,000. MCF Advisors LLC increased its position in shares of Yahoo by 77.2% in the second quarter. MCF Advisors LLC now owns 3,993 shares of the digital content provider’s stock valued at $150,000 after buying an additional 1,740 shares during the period. Finally, Glenmede Trust Co. NA increased its position in shares of Yahoo by 2.7% in the second quarter. Glenmede Trust Co. NA now owns 4,512 shares of the digital content provider’s stock valued at $169,000 after buying an additional 120 shares during the period. Institutional investors own 73.62% of the company’s stock.