Posted by Brent Sawyer on Jan 8th, 2017 // No Comments
Great West Life Assurance Co. Can increased its position in  Yahoo! Inc. (NASDAQ:YHOO) by 3.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 706,346 shares of the digital content provider’s stock after buying an additional 22,747 shares during the period. Great West Life Assurance Co. Can owned approximately 0.07% of Yahoo! worth $30,413,000 at the end of the most recent quarter.
Other institutional investors also recently modified their holdings of the company. Canyon Capital Advisors LLC raised 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 worth $697,579,000 after buying an additional 7,445,247 shares during the last quarter.  BNP Paribas Arbitrage SA boosted its stake in shares of  Yahoo! by 251.9% in the third quarter. BNP Paribas Arbitrage SA now owns 2,983,410 shares of the digital content provider’s stock worth $128,585,000 after buying an additional 2,135,530 shares during the period.  Cibc World Markets Corp boosted its stake in shares of  Yahoo! by 3,359.3% in the second quarter. Cibc World Markets Corp now owns 1,963,888 shares of the digital content provider’s stock worth $73,764,000 after buying an additional 1,907,116 shares during the period.  Voloridge Investment Management LLC acquired a new stake in shares of  Yahoo! during the second quarter worth about $55,000,000.  Finally, Vanguard Group Inc. boosted its stake 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 worth $2,001,909,000 after buying an additional 1,126,726 shares during the period. 77.54% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Yahoo! Inc. ( NASDAQ:YHOO ) opened at 41.23 on Friday. The company’s market cap is $39.34 billion. The stock’s 50 day moving average is $40.12 and its 200 day moving average is $40.74. Yahoo! Inc. has a 52-week low of $26.15 and a 52-week high of $44.92.
Yahoo! (NASDAQ:YHOO) last issued its quarterly earnings results on Tuesday, October 18th. The digital content provider reported $0.20 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.14 by $0.06. Yahoo! had a negative net margin of 96.74% and a positive return on equity of 0.16%. The company had revenue of $857 million for the quarter, compared to the consensus estimate of $1.31 billion. During the same quarter in the prior year, the company earned $0.15 EPS. Yahoo!’s quarterly revenue was down 14.6% on a year-over-year basis.  Equities analysts forecast that  Yahoo! Inc. will post $0.58 EPS for the current year.
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A number of brokerages have recently issued reports on YHOO. Robert W. Baird  reaffirmed a “neutral” rating and issued a $42.00 price objective on shares of Yahoo! in a research note on Friday, September 23rd. Bank of America Corporation  reaffirmed a “buy” rating and issued a $55.00 price objective on shares of Yahoo! in a research note on Friday, September 23rd. SunTrust Banks, Inc.  reaffirmed a “neutral” rating and issued a $42.00 price objective on shares of Yahoo! in a research note on Thursday, September 22nd. Vetr cut shares of Yahoo! from a “buy” rating to a “hold” rating and set a $45.56 price objective for the company. in a research note on Tuesday, October 11th. Finally, Oppenheimer Holdings, Inc.  reaffirmed an “outperform” rating and issued a $55.00 price objective (up previously from $48.00) on shares of Yahoo! in a research note on Monday, September 19th. One investment analyst  has rated the stock with a sell rating, twenty-three have assigned  a hold rating and fourteen have assigned  a buy rating to the company. The stock  has an average rating of “Hold” and an average price target of $42.89.
In related news, CRO Lisa Utzschneider sold 732 shares of the stock in a transaction that occurred on Friday, October 21st. The shares were sold at an average price of $42.10, for a total value of $30,817.20. Following the transaction, the executive now owns 599,706 shares in the company, valued at approximately $25,247,622.60. The sale was disclosed in a filing with the SEC, which is available through this link . 9.20% of the stock is currently owned by corporate 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.
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