Stock Traders Purchase High Volume of Put Options on Yahoo! (YHOO)
Shares of Yahoo! (NASDAQ:YHOO) saw unusually large options trading on Tuesday. Stock traders purchased 75,752 put options on the stock, Analyst Ratings News reports. This is an increase of 231% compared to the average volume of 22,918 put options.
In other Yahoo! news, General Counsel Ronald Bell sold 11,500 shares of Yahoo! stock in a transaction dated Friday, January 17th. The shares were sold at an average price of $39.85, for a total transaction of $458,275.00. Following the completion of the transaction, the general counsel now directly owns 404,308 shares of the company’s stock, valued at approximately $16,111,674. The sale was disclosed in a filing with the SEC, which is available at this link.
A number of analysts have recently weighed in on YHOO shares. Analysts at Goldman Sachs Group Inc. raised their price target on shares of Yahoo! to $48.00 in a research note to investors on Monday. Separately, analysts at TheStreet reiterated a “buy” rating on shares of Yahoo! in a research note to investors on Tuesday, January 21st. Finally, 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. Twenty analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $34.74.
Yahoo! (NASDAQ:YHOO) traded up 4.28% during mid-day trading on Tuesday, hitting $38.22. The stock had a trading volume of 40,862,276 shares. Yahoo! has a one year low of $19.31 and a one year high of $41.72. The stock has a 50-day moving average of $39.98 and a 200-day moving average of $33.49. The company has a market cap of $38.772 billion and a P/E ratio of 31.62.
Yahoo! (NASDAQ:YHOO) last posted its quarterly earnings results on Monday, January 27th. The company reported $0.46 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.38 by $0.08. The company had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.20 billion. During the same quarter in the prior year, the company posted $0.32 earnings per share. The company’s quarterly revenue was down 1.7% on a year-over-year basis. On average, analysts predict that Yahoo! will post $1.46 earnings per share for the current fiscal year.
Yahoo! Inc (NASDAQ:YHOO) is a digital media company.
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