Yahoo! (YHOO) : Ionic Capital Management reduced its stake in Yahoo! by 13.21% during the Q4 period. The investment management company now holds a total of 558,158 shares of Yahoo! which is valued at $19.6 Million after selling 84,929 shares in Yahoo! according to the most recent disclosure to the SEC.Yahoo! makes up approximately 3.76% of Ionic Capital Management’s portfolio.
Other Hedge Funds, Including , Southpoint Capital Advisors Lp added YHOO to its portfolio by purchasing 1,500,000 company shares during the Fourth Quarter which is valued at $52.8 Million. Yahoo! makes up approx 2.59% of Southpoint Capital Advisors Lp’s portfolio.Citadel Advisors boosted its stake in YHOO during the Q4 period, The investment management firm added 706,620 additional shares and now holds a total of 10,086,340 shares of Yahoo! which is valued at $354.7 Million. Yahoo! makes up approx 0.73% of Citadel Advisors’s portfolio. Roosevelt Investment Group Inc sold out all of its stake in YHOO during the fourth quarter. The investment firm sold 9,360 shares of YHOO which is valued $329,191.
On the company’s financial health, Yahoo! reported $0.13 EPS for the quarter, based on the information available during the earnings call on Feb 2, 2016. Analyst had a consensus estimate of $0.13. The company had revenue of $1002.00 million for the quarter, compared to analysts expectations of $948.02 million. The company’s revenue was down -15.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.30 EPS.
Many Wall Street Analysts have commented on Yahoo!. Company shares were Reiterated by Mizuho on Apr 4, 2016 to “Neutral”, Firm has raised the Price Target to $ 37 from a previous price target of $32 .Company shares were Downgraded by Citigroup on Mar 22, 2016 to ” Neutral”, Firm has raised the Price Target to $ 37 from a previous price target of $32 .Company shares were Reiterated by Mizuho on Feb 29, 2016 to “Neutral”, Firm has raised the Price Target to $ 32 from a previous price target of $29 .
Yahoo! opened for trading at $36.55 and hit $37.5 on the upside on Monday, eventually ending the session at $37.02, with a gain of 1.48% or 0.54 points. The heightened volatility saw the trading volume jump to 2,02,27,313 shares. Company has a market cap of $35,051 M.
Yahoo! Inc. is a technology company. The Company is engaged in providing Internet search communication and digital content. The Company manages its business geographically: the Americas; Europe the Middle East and Africa (EMEA) and Asia Pacific. The Company’s products include Search Communications Digital content Flickr and Tumblr. Yahoo Search is a search engine serves as a starting point to navigate the Internet and discover information which is ranked and organized -based on their relevance to the query. Yahoo Mail connects users across mobile phones tablets and PC. Yahoo.com offers news and information including Yahoo original content and partner content. Flickr is a Web and mobile photo management and sharing service. Tumblr offers a Web platform and mobile applications (particularly on the iOS and Android platforms) that allow users to create share and curate content. Yahoo is also a digital publisher and advertising technology provider.