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Shares of Yahoo! (NASDAQ:YHOO) was the target of some unusual options trading activity on Thursday. Stock investors acquired 38,420 put options on the stock, StockRatingsNetwork.com reports. This represents an increase of 138% compared to the average volume of 16,126 put options.

A number of analysts have recently weighed in on YHOO shares. Analysts at Nomura initiated coverage on shares of Yahoo! in a research note to investors on Wednesday. They set a “neutral” rating and a $40.00 price target on the stock. Separately, analysts at UBS AG upgraded shares of Yahoo! from a “fair value” rating to a “buy” rating in a research note to investors on Tuesday. Finally, analysts at FBN Securities initiated coverage on shares of Yahoo! in a research note to investors on Tuesday. They set an “outperform” rating on the stock. Twenty analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $34.45.

Shares of Yahoo! (NASDAQ:YHOO) traded down 1.78% during mid-day trading on Thursday, hitting $40.34. 16,369,573 shares of the company’s stock traded hands. Yahoo! has a 52-week low of $19.31 and a 52-week high of $41.72. The stock has a 50-day moving average of $39.68 and a 200-day moving average of $32.69. The company has a market cap of $40.923 billion and a P/E ratio of 35.44.

Yahoo! Inc (NASDAQ:YHOO) is a digital media company.

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