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 dated Thursday, June 26th. The stock was sold at an average price of $33.60, for a total transaction of $1,209,600.00. Following the sale, the chief executive officer now directly owns 2,503,426 shares in the company, valued at approximately $84,115,114. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Yahoo! (NASDAQ:YHOO) traded up 2.57% on Monday, hitting $35.13. 20,478,998 shares of the company’s stock traded hands. Yahoo! has a 1-year low of $24.82 and a 1-year high of $41.72. The stock’s 50-day moving average is $34.69 and its 200-day moving average is $36.90. The company has a market cap of $35.369 billion and a price-to-earnings ratio of 28.57.
Yahoo! (NASDAQ:YHOO) last issued its quarterly earnings data on Tuesday, April 15th. The company reported $0.38 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.38 earnings per share. The company’s quarterly revenue was up 1.2% on a year-over-year basis. Analysts expect that Yahoo! will post $1.62 EPS for the current fiscal year.
YHOO has been the subject of a number of recent research reports. Analysts at Piper Jaffray upgraded shares of Yahoo! from a “neutral” rating to an “overweight” rating in a research note on Monday. They now have a $43.00 price target on the stock, up previously from $37.00. Separately, analysts at Barclays initiated coverage on shares of Yahoo! in a research note on Thursday. They set an “equal weight” rating and a $33.25 price target on the stock. Finally, analysts at Raymond James reiterated an “outperform” rating on shares of Yahoo! in a research note on Tuesday, June 17th. They now have a $40.00 price target on the stock, down previously from $43.00. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and twenty-two have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $40.19.
Yahoo! Inc (NASDAQ:YHOO) is a global technology 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.