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. 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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