Todays Report: Today: First Eagle Investment Management LLC invests in Yahoo Inc. (YHOO) Shares

Today: First Eagle Investment Management LLC invests in Yahoo Inc. (YHOO) Shares

First Eagle Investment Management LLC raised its position in Yahoo Inc. (NASDAQ:YHOO) by 1.5% during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 970,160 shares of the digital content provider’s stock after buying an additional 13,900 shares during the period. First Eagle Investment Management LLC owned about 0.10% of Yahoo worth $41,814,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Checchi Capital Advisers LLC increased its stake 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. Bronfman E.L. Rothschild L.P. increased its stake in Yahoo by 1.3% in the third quarter. Bronfman E.L. Rothschild L.P. now owns 5,724 shares of the digital content provider’s stock worth $247,000 after buying an additional 74 shares during the last quarter. Stratos Wealth Partners LTD. increased its stake in Yahoo by 0.8% in the second quarter. Stratos Wealth Partners LTD. now owns 10,504 shares of the digital content provider’s stock worth $395,000 after buying an additional 85 shares during the last quarter. NEXT Financial Group Inc increased its stake 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. Finally, Brighton Jones LLC increased its stake in Yahoo by 1.4% in the third quarter. Brighton Jones LLC now owns 7,173 shares of the digital content provider’s stock worth $309,000 after buying an additional 100 shares during the last quarter. 77.67% of the stock is currently owned by institutional investors.

Yahoo Inc. (NASDAQ:YHOO) opened at 40.87 on Monday. The stock’s market capitalization is $39.00 billion. Yahoo Inc. has a 12-month low of $26.15 and a 12-month high of $44.92. The company has a 50-day moving average price of $41.49 and a 200-day moving average price of $40.13.

Yahoo (NASDAQ:YHOO) last posted its earnings results on Tuesday, October 18th. The digital content provider reported $0.20 earnings per share (EPS) for the quarter, beating 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 analyst estimates of $1.31 billion. During the same quarter in the prior year, the company earned $0.15 EPS. Yahoo’s revenue was down 14.6% on a year-over-year basis. On average, equities research analysts forecast that Yahoo Inc. will post $0.58 earnings per share for the current year.

YHOO has been the topic of a number of research reports. Cantor Fitzgerald reaffirmed a “buy” rating and issued a $49.00 price objective on shares of Yahoo in a research note on Tuesday, August 9th. Jefferies Group reaffirmed a “buy” rating and issued a $43.00 price objective on shares of Yahoo in a research note on Monday, August 1st. Bank of America Corp. reissued a “buy” rating and set a $53.00 target price (up previously from $50.00) on shares of Yahoo in a research report on Tuesday, August 23rd. Citigroup Inc. reissued a “buy” rating on shares of Yahoo in a research report on Monday, September 26th. Finally, Vetr raised Yahoo from a “hold” rating to a “buy” rating and set a $45.40 target price on the stock in a research report on Monday, October 10th. One analyst has rated the stock with a sell rating, twenty-two have given a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company. Yahoo currently has an average rating of “Hold” and a consensus target price of $42.91.

In other Yahoo news, CRO Lisa Utzschneider sold 683 shares of the stock in a transaction on Tuesday, August 30th. The stock was sold at an average price of $42.28, for a total transaction of $28,877.24. Following the transaction, the executive now owns 609,672 shares of the company’s stock, valued at approximately $25,776,932.16. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 9.20% of the company’s stock.

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