Insider Selling: Ronald S. Bell Sells 11,500 Shares of Yahoo! Stock (YHOO)
Yahoo! (NASDAQ:YHOO) General Counsel Ronald S. Bell sold 11,500 shares of the company’s stock on the open market in a transaction that occurred on Friday, January 17th. The stock was sold at an average price of $39.85, for a total value of $458,275.00. Following the transaction, the general counsel now directly owns 404,308 shares in the company, valued at approximately $16,111,674. The transaction was disclosed in a filing with the SEC, which is available at this link.
Yahoo! (NASDAQ:YHOO) traded up 1.67% on Wednesday, hitting $40.18. 13,005,642 shares of the company’s stock traded hands. Yahoo! has a 1-year low of $19.31 and a 1-year high of $41.72. The stock’s 50-day moving average is $39.95 and its 200-day moving average is $33.06. The company has a market cap of $40.760 billion and a P/E ratio of 34.10.
Several analysts have recently commented on the stock. Analysts at TheStreet reiterated a “buy” rating on shares of Yahoo! in a research note to investors on Tuesday. Separately, analysts at Nomura initiated coverage on shares of Yahoo! in a research note to investors on Wednesday, January 15th. They set a “neutral” rating and a $40.00 price target on the stock. Finally, 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, January 14th. Twenty investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $34.45.
Yahoo! Inc (NASDAQ:YHOO) is a digital media company.
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