Susquehanna Raises Yahoo Inc. (YHOO) Price Target to $48.00
Yahoo Inc. (NASDAQ:YHOO) had its price objective raised by Susquehanna from $44.00 to $48.00 in a research note issued to investors on Wednesday. The firm currently has a “positive” rating on the digital content provider’s stock. Susquehanna’s target price would indicate a potential upside of 15.16% from the company’s previous close.
A number of other equities research analysts have also issued reports on the stock. Nomura set a $45.00 price objective on shares of Yahoo and gave the company a “neutral” rating in a report on Wednesday. Royal Bank Of Canada increased their price objective on shares of Yahoo from $39.00 to $45.00 and gave the company a “sector perform” rating in a report on Wednesday. Mizuho increased their price objective on shares of Yahoo from $38.00 to $42.00 and gave the company a “neutral” rating in a report on Wednesday. B. Riley reaffirmed a “neutral” rating and set a $44.00 price objective on shares of Yahoo in a report on Wednesday. Finally, Needham & Company LLC lowered shares of Yahoo from a “buy” rating to a “hold” rating and set a $40.00 price objective for the company. in a report on Tuesday. Two investment analysts have rated the stock with a sell rating, twenty-two have issued a hold rating and sixteen have assigned a buy rating to the company’s stock. Yahoo currently has an average rating of “Hold” and an average price target of $41.79.
Shares of Yahoo (NASDAQ:YHOO) traded up 2.45% on Wednesday, hitting $42.70. 4,550,607 shares of the company traded hands. The stock’s market capitalization is $40.64 billion. The firm’s 50 day moving average price is $43.14 and its 200-day moving average price is $39.30. Yahoo has a 1-year low of $26.15 and a 1-year high of $44.92.
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Yahoo (NASDAQ:YHOO) last released its earnings results on Tuesday, October 18th. The digital content provider reported $0.20 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.14 by $0.06. The company earned $857 million during the quarter, compared to analyst estimates of $1.31 billion. Yahoo had a negative net margin of 100.08% and a positive return on equity of 0.32%. The firm’s quarterly revenue was down 14.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.15 EPS. On average, equities research analysts expect that Yahoo will post $0.49 earnings per share for the current year.
In related news, CRO Lisa Utzschneider sold 732 shares of the business’s stock in a transaction that occurred on Monday, August 22nd. The stock was sold at an average price of $42.84, for a total transaction of $31,358.88. Following the completion of the sale, the executive now directly owns 612,081 shares in the company, valued at $26,221,550.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 9.20% of the company’s stock.
Several hedge funds have recently modified their holdings of the company. TCI Fund Management Ltd. purchased a new stake in shares of Yahoo during the first quarter valued at approximately $530,211,000. Canyon Capital Advisors LLC boosted its stake in shares of Yahoo by 66.9% in the second quarter. Canyon Capital Advisors LLC now owns 18,572,403 shares of the digital content provider’s stock valued at $697,579,000 after buying an additional 7,445,247 shares during the last quarter. Natixis boosted its stake in shares of Yahoo by 33.7% in the first quarter. Natixis now owns 14,099,072 shares of the digital content provider’s stock valued at $518,987,000 after buying an additional 3,552,539 shares during the last quarter. Jericho Capital Asset Management L.P. purchased a new stake in shares of Yahoo during the first quarter valued at approximately $123,399,000. Finally, State Street Corp boosted its stake in shares of Yahoo by 9.9% in the first quarter. State Street Corp now owns 36,235,550 shares of the digital content provider’s stock valued at $1,333,822,000 after buying an additional 3,253,009 shares during the last quarter. Hedge funds and other institutional investors own 73.86% of the company’s stock.
Yahoo Company Profile
Yahoo! Inc (Yahoo), along with its subsidiaries, is engaged in digital information discovery. The Company’s segments include the Americas; Europe, Middle East and Africa (EMEA), and Asia Pacific. The Company focuses on informing, connecting and entertaining its users with its search (Yahoo search), communications, including Yahoo Mail and Yahoo Messenger, and digital content products, including Tumblr, and its four verticals, such as Yahoo News, Yahoo Sports, Yahoo Finance and Yahoo Lifestyle.
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