Todays Report: Today: Investors Buy Yahoo Inc. (YHOO) on Weakness on Insider Selling

Today: Investors Buy Yahoo Inc. (YHOO) on Weakness on Insider Selling

Traders bought shares of Yahoo Inc. (NASDAQ:YHOO) on weakness during trading on Monday following insider selling activity. $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 stocks 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 stock was sold at an average price of $41.13, for a total transaction of $28,091.79. Following the transaction, the executive now directly owns 597,297 shares of the company’s stock, valued at approximately $24,566,825.61. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 9.20% of the company’s stock.

YHOO has been the topic of a number of recent analyst reports. Bank of America Corp. reissued a “buy” rating and issued a $53.00 price objective (up from $50.00) on shares of Yahoo in a research note on Tuesday, August 23rd. MKM Partners boosted their price objective on Yahoo from $44.00 to $51.00 and gave the company a “buy” rating in a research note on Monday, October 17th. Jefferies Group downgraded Yahoo from a “buy” rating to a “hold” rating and upped their price target for the stock from $43.00 to $48.00 in a research note on Friday, October 21st. Vetr raised Yahoo from a “buy” rating to a “strong-buy” rating and set a $45.87 price target on the stock in a research note on Wednesday, November 2nd. Finally, SunTrust Banks Inc. reaffirmed a “neutral” rating on shares of Yahoo in a research note on Friday, September 30th. One analyst has rated the stock with a sell rating, twenty-two have issued a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $42.91.

The company’s market capitalization is $39.55 billion. 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 issued its earnings results on Tuesday, October 18th. The digital content provider reported $0.20 EPS for the quarter, topping the Zacks’ consensus estimate of $0.14 by $0.06. The business had revenue of $857 million for the quarter, compared to the consensus estimate of $1.31 billion. Yahoo had a negative net margin of 96.74% and a positive return on equity of 0.16%. The company’s revenue for the quarter was down 14.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.15 EPS. On average, analysts expect that Yahoo Inc. will post $0.58 earnings per share for the current year.

Institutional investors have recently added to or reduced their stakes in the stock. Quadrant Capital Group LLC increased its position in Yahoo by 55.7% in the second quarter. Quadrant Capital Group LLC now owns 2,918 shares of the digital content provider’s stock worth $100,000 after buying an additional 1,044 shares in the last quarter. PineBridge Investments L.P. acquired a new position in Yahoo during the second quarter worth about $125,000. Edmond DE Rothschild Monaco acquired a new position in Yahoo during the third quarter worth about $129,000. MCF Advisors LLC increased its position in Yahoo by 77.2% in the second quarter. MCF Advisors LLC now owns 3,993 shares of the digital content provider’s stock worth $150,000 after buying an additional 1,740 shares in the last quarter. Finally, Glenmede Trust Co. NA increased its position in Yahoo by 2.7% in the second quarter. Glenmede Trust Co. NA now owns 4,512 shares of the digital content provider’s stock worth $169,000 after buying an additional 120 shares in the last quarter. Hedge funds and other institutional investors own 77.67% of the company’s stock.

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