Whittier Trust Co. maintained its position in Yahoo Inc. (NASDAQ:YHOO) during the second quarter, Holdings Channel reports. The fund owned 3,633 shares of the digital content provider’s stock at the end of the second quarter. Whittier Trust Co.’s holdings in Yahoo were worth $136,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of the stock. TCI Fund Management Ltd. purchased a new position in Yahoo during the first quarter valued at approximately $530,211,000. Natixis increased its position in Yahoo by 33.7% in the first quarter. Natixis now owns 14,099,072 shares of the digital content provider’s stock valued at $518,987,000 after buying an additional 3,552,539 shares in the last quarter. Jericho Capital Asset Management L.P. purchased a new position in Yahoo during the first quarter valued at approximately $123,399,000. Legal & General Group Plc increased its position in Yahoo by 4.2% in the first quarter. Legal & General Group Plc now owns 3,837,177 shares of the digital content provider’s stock valued at $141,245,000 after buying an additional 155,635 shares in the last quarter. Finally, NEXT Financial Group Inc increased 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 valued at $505,000 after buying an additional 100 shares in the last quarter. Hedge funds and other institutional investors own 73.86% of the company’s stock.
Yahoo Inc. (NASDAQ:YHOO) traded up 0.84% during mid-day trading on Monday, hitting $41.79. The company had a trading volume of 8,620,369 shares. The company has a 50 day moving average of $43.16 and a 200 day moving average of $39.26. Yahoo Inc. has a 1-year low of $26.15 and a 1-year high of $44.92. The firm’s market capitalization is $39.77 billion.
Yahoo (NASDAQ:YHOO) last announced its quarterly earnings data on Monday, July 18th. The digital content provider reported $0.09 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.10 by $0.01. The firm earned $842 million during the quarter, compared to the consensus estimate of $1.08 billion. Yahoo had a positive return on equity of 0.32% and a negative net margin of 100.08%. The firm’s revenue for the quarter was down 19.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.16 EPS. Analysts predict that Yahoo Inc. will post $0.49 earnings per share for the current fiscal year.
Several equities analysts have commented on YHOO shares. Bank of America Corp. reissued a “buy” rating and issued a $53.00 price target (up previously from $50.00) on shares of Yahoo in a research note on Tuesday, August 23rd. Vetr raised Yahoo from a “sell” rating to a “hold” rating and set a $43.17 price target for the company in a research note on Monday, September 5th. SunTrust Banks Inc. reissued a “neutral” rating on shares of Yahoo in a research note on Friday, September 30th. Oppenheimer Holdings Inc. reissued an “outperform” rating and issued a $55.00 price target (up previously from $48.00) on shares of Yahoo in a research note on Monday, September 19th. Finally, Robert W. Baird reissued a “neutral” rating and issued a $42.00 price target on shares of Yahoo in a research note on Friday, September 23rd. Two investment 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 company currently has an average rating of “Hold” and a consensus target price of $41.04.
In other Yahoo news, CRO Lisa Utzschneider sold 683 shares of the firm’s stock in a transaction dated Tuesday, August 30th. The shares were 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 owns 609,672 shares of the company’s stock, valued at $25,776,932.16. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 9.20% of the stock is currently owned by company 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.