Bnp Paribas Arbitrage Sa buys $130,404,851 stake in Yahoo! (YHOO)

Yahoo! (YHOO) : Bnp Paribas Arbitrage Sa scooped up 2,135,530 additional shares in Yahoo! during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 5, 2016. The investment management firm now holds a total of 2,983,410 shares of Yahoo! which is valued at $130,404,851.Yahoo! makes up approximately 0.53% of Bnp Paribas Arbitrage Sa’s portfolio.

Other Hedge Funds, Including , Chevy Chase Trust Holdings reduced its stake in YHOO by selling 15,862 shares or 2.12% in the most recent quarter. The Hedge Fund company now holds 730,693 shares of YHOO which is valued at $31,938,591. Yahoo! makes up approx 0.18% of Chevy Chase Trust Holdings’s portfolio.Eqis Capital Management boosted its stake in YHOO in the latest quarter, The investment management firm added 1,372 additional shares and now holds a total of 13,749 shares of Yahoo! which is valued at $600,969. Yahoo! makes up approx 0.04% of Eqis Capital Management’s portfolio. Washington Trust Bank added YHOO to its portfolio by purchasing 96 company shares during the most recent quarter which is valued at $4,196.

Yahoo! opened for trading at $43.2 and hit $43.5 on the upside on Tuesday, eventually ending the session at $43.18, with a gain of 0.12% or 0.05 points. The heightened volatility saw the trading volume jump to 89,98,384 shares. Company has a market cap of $41,098 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.

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