Marissa A. Mayer Sells 36,000 Shares of Yahoo! Stock (YHOO)
Yahoo! (NASDAQ:YHOO) CEO Marissa A. Mayer sold 36,000 shares of the stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $37.51, for a total value of $1,350,360.00. Following the transaction, the chief executive officer now directly owns 2,313,307 shares of the company’s stock, valued at approximately $86,772,146. 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) opened at 37.64 on Friday. Yahoo! has a 52-week low of $26.75 and a 52-week high of $41.72. The stock has a 50-day moving average of $35.62 and a 200-day moving average of $35.86. The company has a market cap of $37.437 billion and a price-to-earnings ratio of 32.41. Yahoo! also was the recipient of some unusual options trading activity on Thursday. Traders acquired 224,664 call options on the stock. This represents an increase of approximately 167% compared to the average daily volume of 84,052 call options.
Yahoo! (NASDAQ:YHOO) last announced its earnings results on Tuesday, July 15th. The company reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by $0.01. The company had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter in the previous year, the company posted $0.35 earnings per share. The company’s revenue for the quarter was down 2.9% on a year-over-year basis. On average, analysts predict that Yahoo! will post $1.42 earnings per share for the current fiscal year.
YHOO has been the subject of a number of recent research reports. Analysts at Zacks downgraded shares of Yahoo! from a “neutral” rating to an “underperform” rating in a research note on Wednesday, August 6th. They now have a $32.00 price target on the stock. Separately, analysts at Canaccord Genuity reiterated a “buy” rating on shares of Yahoo! in a research note on Thursday, July 17th. They now have a $39.00 price target on the stock, down previously from $42.00. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and twenty-two have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $39.77.
Yahoo! Inc (NASDAQ:YHOO), is a global technology company.
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