James Williams
Addison Capital Co acquired a new position in  Yahoo Inc. (NASDAQ:YHOO) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor  acquired 12,463 shares of the digital content provider’s stock, valued at approximately $537,000.
Other large investors have also recently modified their holdings of the company. BNP Paribas Arbitrage SA increased its stake in  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 last quarter.  Eqis Capital Management Inc. increased its stake in  Yahoo by 11.1% in the third quarter. Eqis Capital Management Inc. now owns 13,749 shares of the digital content provider’s stock worth $593,000 after buying an additional 1,372 shares during the last quarter.  Macquarie Group Ltd. increased its stake in  Yahoo by 6.9% in the second quarter. Macquarie Group Ltd. now owns 1,207,700 shares of the digital content provider’s stock worth $45,361,000 after buying an additional 77,450 shares during the last quarter.  Kentucky Retirement Systems Insurance Trust Fund acquired a new stake in  Yahoo during the second quarter worth $1,325,000.  Finally, Kentucky Retirement Systems acquired a new stake in  Yahoo during the second quarter worth $2,791,000. Institutional investors own  73.43% of the company’s stock.
Yahoo Inc. (NASDAQ:YHOO) traded down 0.63% during trading on Friday, hitting $41.19. 8,138,928 shares of the company’s stock were exchanged. The firm has a 50 day moving average price of $41.84 and a 200 day moving average price of $39.95. The company’s market cap is $39.43 billion. Yahoo Inc. has a 52-week low of $26.15 and a 52-week high of $44.92.
Yahoo (NASDAQ:YHOO) last posted its quarterly earnings results on Tuesday, October 18th. The digital content provider reported $0.20 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.14 by $0.06. The business earned $857 million during the quarter, compared to analyst estimates 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 was down 14.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.15 earnings per share.  On average, equities research analysts predict that  Yahoo Inc. will post $0.58 earnings per share for the current year.
A number of equities research analysts have recently weighed in on the stock. Vetr downgraded shares of Yahoo from a “strong-buy” rating to a “buy” rating and set a $45.77 price target for the company. in a research report on Wednesday. Bank of America Corp.  reiterated a “buy” rating and issued a $55.00 price target on shares of Yahoo in a research report on Friday, November 11th. Needham & Company LLC  restated a “hold” rating on shares of Yahoo in a research report on Monday, October 31st. B. Riley  restated a “neutral” rating and set a $44.00 price objective on shares of Yahoo in a research report on Monday, October 24th. Finally, Oppenheimer Holdings Inc.  restated an “outperform” rating and set a $54.00 price objective (down from $55.00) on shares of Yahoo in a research report on Sunday, October 23rd. One equities research analyst  has rated the stock with a sell rating, twenty-two have given a hold rating and sixteen have issued  a buy rating to the company. The stock  has an average rating of “Hold” and a consensus price target of $42.91.
In related news, CRO Lisa Utzschneider sold 683 shares of the company’s stock in a transaction on Tuesday, November 1st. The shares were sold at an average price of $41.13, for a total transaction of $28,091.79. Following the completion of the transaction, the executive now owns 597,297 shares in the company, valued at $24,566,825.61. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own  9.20% of the company’s stock.
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.