Todays Report: The Roberts Glore & Co. Inc. IL Reduces stake in Yahoo Inc. (YHOO)

The Roberts Glore & Co. Inc. IL Reduces stake in Yahoo Inc. (YHOO)

Roberts Glore & Co. Inc. IL lowered its position in Yahoo Inc. (NASDAQ:YHOO) by 1.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,125 shares of the digital content provider’s stock after selling 100 shares during the period. Roberts Glore & Co. Inc. IL’s holdings in Yahoo were worth $230,000 as of its most recent filing with the SEC.

A number of other large investors have also bought and sold shares of YHOO. Ngam Advisors L.P. raised its stake in Yahoo by 7.5% in the first quarter. Ngam Advisors L.P. now owns 15,092 shares of the digital content provider’s stock worth $556,000 after buying an additional 1,055 shares in the last quarter. NN Investment Partners Holdings N.V. purchased a new stake in Yahoo during the first quarter worth approximately $206,000. State Street Corp raised its stake in Yahoo by 9.9% in the first quarter. State Street Corp now owns 36,235,550 shares of the digital content provider’s stock worth $1,333,822,000 after buying an additional 3,253,009 shares in the last quarter. Primecap Management Co. CA raised its stake in Yahoo by 2.3% in the first quarter. Primecap Management Co. CA now owns 5,938,080 shares of the digital content provider’s stock worth $218,581,000 after buying an additional 133,200 shares in the last quarter. Finally, Quadrature Capital Ltd raised its stake in Yahoo by 151.7% in the first quarter. Quadrature Capital Ltd now owns 156,061 shares of the digital content provider’s stock worth $5,745,000 after buying an additional 94,066 shares in the last quarter. 73.86% of the stock is currently owned by hedge funds and other institutional investors.

Yahoo Inc. (NASDAQ:YHOO) traded up 0.84% during mid-day trading on Monday, reaching $41.79. 8,620,269 shares of the company traded hands. The company’s 50 day moving average price is $43.17 and its 200 day moving average price is $39.18. Yahoo Inc. has a 12-month low of $26.15 and a 12-month high of $44.92. The firm’s market capitalization is $39.77 billion.

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

YHOO has been the topic of a number of analyst reports. Bank of America Corp. reaffirmed a “buy” rating and issued a $48.00 price objective on shares of Yahoo in a research note on Sunday, July 17th. Vetr lowered shares of Yahoo from a “hold” rating to a “sell” rating and set a $41.12 price objective on the stock. in a research note on Wednesday, August 24th. SunTrust Banks Inc. lowered shares of Yahoo from a “buy” rating to a “neutral” rating and cut their target price for the stock from $44.00 to $42.00 in a research note on Monday, July 11th. RBC Capital Markets reissued a “sector perform” rating and set a $29.00 target price on shares of Yahoo in a research note on Monday, August 1st. Finally, Royal Bank Of Canada increased their target price on shares of Yahoo from $38.00 to $39.00 and gave the stock a “sector perform” rating in a research note on Tuesday, July 19th. Two investment analysts have rated the stock with a sell rating, twenty-one have given a hold rating and seventeen have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $41.04.

In other news, CRO Lisa Utzschneider sold 683 shares of the stock in a transaction on Monday, October 3rd. The stock was sold at an average price of $43.03, for a total transaction of $29,389.49. Following the transaction, the executive now owns 603,484 shares of the company’s stock, valued at approximately $25,967,916.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 9.20% of the company’s stock.

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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