Insider Selling: Yahoo! General Counsel Unloads 11,500 Shares of Stock (YHOO)
Yahoo! (NASDAQ:YHOO) General Counsel Ronald Bell unloaded 11,500 shares of Yahoo! stock on the open market in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of $33.24, for a total value of $382,260.00. Following the completion of the transaction, the general counsel now directly owns 404,308 shares of the company’s stock, valued at approximately $13,439,198. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Shares of Yahoo! (NASDAQ:YHOO) traded up 1.14% during mid-day trading on Thursday, hitting $32.94. 15,300,523 shares of the company’s stock traded hands. Yahoo! has a 52-week low of $16.86 and a 52-week high of $35.06. The stock’s 50-day moving average is $32.47 and its 200-day moving average is $28.07. The company has a market cap of $34.313 billion and a price-to-earnings ratio of 28.10.
Yahoo! (NASDAQ:YHOO) last issued its quarterly earnings data on Tuesday, October 15th. The company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.01. The company had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter in the previous year, the company posted $0.35 earnings per share. The company’s revenue for the quarter was down .7% on a year-over-year basis. Analysts expect that Yahoo! will post $1.46 EPS for the current fiscal year.
A number of analysts have recently weighed in on YHOO shares. Analysts at Sanford C. Bernstein upgraded shares of Yahoo! from a “market perform” rating to an “outperform” rating in a research note to investors on Tuesday. They now have a $24.00 price target on the stock, down previously from $40.00. They noted that the move was a valuation call. Separately, analysts at Thomson Reuters/Verus downgraded shares of Yahoo! from a “buy” rating to a “hold” rating in a research note to investors on Monday. Finally, analysts at TheStreet reiterated a “buy” rating on shares of Yahoo! in a research note to investors on Sunday. Twenty investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $31.39.
Yahoo! Inc (NASDAQ:YHOO) is a digital media company.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.