Trading Report: The Yahoo’s (YHOO) “Neutral” Rating Reiterated at SunTrust Banks Inc.

The Yahoo’s (YHOO) “Neutral” Rating Reiterated at SunTrust Banks Inc.

Yahoo Inc. (NASDAQ:YHOO)‘s stock had its “neutral” rating restated by equities researchers at SunTrust Banks Inc. in a note issued to investors on Saturday. They currently have a $42.00 price objective on the digital content provider’s stock. SunTrust Banks Inc.’s price objective points to a potential downside of 2.82% from the stock’s previous close.

Several other research analysts also recently weighed in on YHOO. Cantor Fitzgerald restated a “buy” rating on shares of Yahoo in a research note on Saturday, July 9th. Needham & Company LLC restated a “buy” rating and issued a $40.00 price target on shares of Yahoo in a research note on Tuesday, July 5th. Vetr downgraded Yahoo from a “strong-buy” rating to a “buy” rating and set a $41.87 price target for the company. in a research note on Monday, July 4th. Citigroup Inc. upgraded Yahoo from a “neutral” rating to a “buy” rating and upped their price target 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. Finally, Bank of America Corp. restated a “buy” rating and issued a $48.00 price target on shares of Yahoo in a research note on Monday, June 13th. Three investment analysts have rated the stock with a sell rating, twenty have given a hold rating and seventeen have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $40.61.

Yahoo (NASDAQ:YHOO) opened at 43.22 on Friday. The firm’s 50-day moving average is $43.17 and its 200-day moving average is $38.95. Yahoo has a 12 month low of $26.15 and a 12 month high of $44.92. The company’s market cap is $41.14 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 Zacks’ consensus estimate of $0.10 by $0.01. The company had revenue of $842 million for the quarter, compared to the consensus estimate of $1.08 billion. Yahoo had a negative net margin of 100.08% and a positive return on equity of 0.32%. The company’s revenue was down 19.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.16 earnings per share. On average, analysts anticipate that Yahoo will post $0.49 EPS for the current fiscal year.

In other Yahoo news, CRO Lisa Utzschneider sold 732 shares of the firm’s stock in a transaction dated Monday, August 22nd. The stock was 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 sale was disclosed in a filing with the SEC, which is available through this hyperlink. 9.20% of the stock is owned by company insiders.

Large investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of Yahoo by 2.2% in the second quarter. Vanguard Group Inc. now owns 53,298,983 shares of the digital content provider’s stock valued at $2,001,909,000 after buying an additional 1,126,726 shares during the last quarter. State Street Corp boosted its position in shares of Yahoo by 9.9% in the first quarter. State Street Corp now owns 36,235,550 shares of the digital content provider’s stock valued at $1,333,822,000 after buying an additional 3,253,009 shares during the last quarter. Canyon Capital Advisors LLC boosted its position in shares of Yahoo by 66.9% in the second quarter. Canyon Capital Advisors LLC now owns 18,572,403 shares of the digital content provider’s stock valued at $697,579,000 after buying an additional 7,445,247 shares during the last quarter. TCI Fund Management Ltd. purchased a new position in shares of Yahoo during the first quarter valued at about $530,211,000. Finally, Natixis boosted its position in shares of 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 during the last quarter. 73.65% of the stock is owned by institutional investors and hedge funds.

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