Hudson Bay Capital Management Lp buys $317,131,051 stake in Yahoo! (YHOO)

Yahoo! (YHOO) : Hudson Bay Capital Management Lp scooped up 4,819,753 additional shares in Yahoo! during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 10, 2016. The investment management firm now holds a total of 7,385,446 shares of Yahoo! which is valued at $317,131,051.Yahoo! makes up approximately 31.01% of Hudson Bay Capital Management Lp’s portfolio.

Other Hedge Funds, Including , Blackrock Group Ltd boosted its stake in YHOO in the latest quarter, The investment management firm added 129,920 additional shares and now holds a total of 7,277,040 shares of Yahoo! which is valued at $312,476,098. Yahoo! makes up approx 0.16% of Blackrock Group Ltd’s portfolio. First Eagle Investment Management added YHOO to its portfolio by purchasing 956,260 company shares during the most recent quarter which is valued at $39,464,850. Yahoo! makes up approx 0.10% of First Eagle Investment Management’s portfolio.State Treasurer State Of Michigan boosted its stake in YHOO in the latest quarter, The investment management firm added 3,600 additional shares and now holds a total of 303,555 shares of Yahoo! which is valued at $11,653,476. Yahoo! makes up approx 0.09% of State Treasurer State Of Michigan’s portfolio.Ims Capital Management reduced its stake in YHOO by selling 16,800 shares or 44.42% in the most recent quarter. The Hedge Fund company now holds 21,025 shares of YHOO which is valued at $807,150. Yahoo! makes up approx 0.91% of Ims Capital Management’s portfolio.

Yahoo! opened for trading at $42.8 and hit $43.12 on the upside on Friday, eventually ending the session at $43.02, with a gain of 0.28% or 0.12 points. The heightened volatility saw the trading volume jump to 94,60,753 shares. Company has a market cap of $40,946 M.

On the company’s financial health, Yahoo! reported $0.09 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on Jul 18, 2016. Analyst had a consensus of $0.10. The company had revenue of $842.00 million for the quarter, compared to analysts expectations of $836.80 million. The company’s revenue was down -19.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.16 EPS.

Many Wall Street Analysts have commented on Yahoo!. Company shares were Reiterated by BofA/Merrill on Aug 23, 2016 to “Buy”, Firm has raised the Price Target to $ 53 from a previous price target of $50 .Yahoo! was Downgraded by Morgan Stanley to ” Equal-Weight” on Jul 26, 2016. Company shares were Reiterated by RBC Capital Mkts on Jul 19, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 39 from a previous price target of $38 .

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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *