Published On: Fri, Sep 23rd, 2016

Yahoo Inc. (YHOO) Receives Neutral Rating from SunTrust Banks Inc.

Yahoo Inc. (NASDAQ:YHOO)‘s stock had its “neutral” rating reissued by equities researchers at SunTrust Banks Inc. in a research report issued to clients and investors on Thursday. They currently have a $42.00 price target on the digital content provider’s stock. SunTrust Banks Inc.’s price objective points to a potential downside of 4.87% from the stock’s previous close.
Other equities research analysts have also recently issued research reports about the company. Vetr upgraded Yahoo from a “hold” rating to a “buy” rating and set a $37.10 price target for the company in a research note on Wednesday, May 25th. Needham & Company LLC restated a “buy” rating and set a $40.00 price target on shares of Yahoo in a research note on Tuesday, July 5th. Citigroup Inc. upgraded Yahoo from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $38.00 to $43.00 in a research report on Wednesday, June 15th. They noted that the move was a valuation call. Bank of America Corp. reiterated a “buy” rating and issued a $48.00 price objective on shares of Yahoo in a research report on Monday, June 13th. Finally, Cantor Fitzgerald reiterated a “buy” rating and issued a $49.00 price objective on shares of Yahoo in a research report on Sunday, June 5th. Three investment analysts have rated the stock with a sell rating, nineteen have issued a hold rating and seventeen have given a buy rating to the stock. Yahoo has a consensus rating of “Hold” and an average target price of $40.51.

Shares of Yahoo (NASDAQ:YHOO) traded up 0.02% during trading on Thursday, hitting $44.15. 33,322,133 shares of the company traded hands. Yahoo has a 52-week low of $26.15 and a 52-week high of $44.92. The company has a 50-day moving average of $42.34 and a 200-day moving average of $38.18. The stock’s market capitalization is $42.02 billion.

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Yahoo (NASDAQ:YHOO) last released its quarterly earnings results on Monday, July 18th. The digital content provider reported $0.09 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.10 by $0.01. Yahoo had a positive return on equity of 0.32% and a negative net margin of 100.08%. The company had revenue of $842 million for the quarter, compared to analysts’ expectations of $1.08 billion. During the same quarter last year, the company earned $0.16 EPS. Yahoo’s revenue for the quarter was down 19.3% compared to the same quarter last year. Equities analysts expect that Yahoo will post $0.49 EPS for the current year.
In other news, CRO Lisa Utzschneider sold 683 shares of Yahoo stock in a transaction on Thursday, June 30th. The stock was sold at an average price of $36.89, for a total transaction of $25,195.87. Following the transaction, the executive now owns 622,046 shares in the company, valued at $22,947,276.94. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 9.20% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Benchmark Capital Advisors increased its position in shares of Yahoo by 106.3% in the first quarter. Benchmark Capital Advisors now owns 47,550 shares of the digital content provider’s stock worth $1,750,000 after buying an additional 24,500 shares in the last quarter. Howard Hughes Medical Institute increased its position in shares of Yahoo by 6.1% in the first quarter. Howard Hughes Medical Institute now owns 13,294 shares of the digital content provider’s stock worth $489,000 after buying an additional 766 shares in the last quarter. BlackRock Institutional Trust Company N.A. increased its position in shares of Yahoo by 2.6% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 23,085,504 shares of the digital content provider’s stock worth $849,777,000 after buying an additional 593,069 shares in the last quarter. BlackRock Group LTD increased its position in shares of Yahoo by 0.4% in the first quarter. BlackRock Group LTD now owns 7,147,120 shares of the digital content provider’s stock worth $263,086,000 after buying an additional 30,212 shares in the last quarter. Finally, Teachers Advisors Inc. increased its position in shares of Yahoo by 40.6% in the first quarter. Teachers Advisors Inc. now owns 4,595,739 shares of the digital content provider’s stock worth $169,169,000 after buying an additional 1,326,270 shares in the last quarter. Institutional investors and hedge funds own 73.65% 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.

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