Insider Selling: Yahoo! CEO Sells 36,000 Shares of Stock (YHOO)
Yahoo! (NASDAQ:YHOO) CEO Marissa A. Mayer sold 36,000 shares of the company’s stock on the open market in a transaction that occurred on Tuesday, June 10th. The shares were sold at an average price of $36.04, for a total transaction of $1,297,440.00. Following the sale, the chief executive officer now directly owns 2,511,682 shares in the company, valued at approximately $90,521,019. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Yahoo! (NASDAQ:YHOO) traded up 0.41% during mid-day trading on Thursday, hitting $36.78. 12,427,284 shares of the company’s stock traded hands. Yahoo! has a 52 week low of $23.82 and a 52 week high of $41.72. The stock’s 50-day moving average is $35.03 and its 200-day moving average is $37.15. The company has a market cap of $37.030 billion and a price-to-earnings ratio of 30.55. Yahoo! also was the recipient of a large decline in short interest in May. As of May 30th, there was short interest totalling 22,852,851 shares, a decline of 6.6% from the May 15th total of 24,477,024 shares. Based on an average daily volume of 15,290,756 shares, the short-interest ratio is presently 1.5 days. Approximately 2.5% of the company’s shares are short sold.
Yahoo! (NASDAQ:YHOO) last released its earnings data on Tuesday, April 15th. The company reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.01. The company had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.08 billion. During the same quarter in the previous year, the company posted $0.38 earnings per share. The company’s revenue for the quarter was up 1.2% on a year-over-year basis. Analysts expect that Yahoo! will post $1.63 EPS for the current fiscal year.
A number of research firms have recently commented on YHOO. Analysts at Bank of America reiterated a “buy” rating on shares of Yahoo! in a research note on Thursday, June 5th. They now have a $42.00 price target on the stock, down previously from $43.00. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Yahoo! in a research note on Tuesday, May 27th. They now have a $37.00 price target on the stock. Finally, analysts at ING Group reiterated an “outperform” rating on shares of Yahoo! in a research note on Friday, May 23rd. They now have a $45.00 price target on the stock, down previously from $47.00. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and twenty-one have assigned a buy rating to the company’s stock. Yahoo! presently has a consensus rating of “Buy” and a consensus target price of $39.71.
Yahoo! Inc (NASDAQ:YHOO) is a global technology company.
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