Greenwich Wealth Management buys $56,721,593 stake in Yahoo! (YHOO)

Yahoo! (YHOO) : Greenwich Wealth Management scooped up 500 additional shares in Yahoo! during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 12, 2016. The investment management firm now holds a total of 1,320,950 shares of Yahoo! which is valued at $56,721,593.Yahoo! makes up approximately 12.47% of Greenwich Wealth Management’s portfolio.

Other Hedge Funds, Including , Nuveen Asset Management reduced its stake in YHOO by selling 3,258 shares or 5.46% in the most recent quarter. The Hedge Fund company now holds 56,360 shares of YHOO which is valued at $2,420,098. Yahoo! makes up approx 0.01% of Nuveen Asset Management’s portfolio.Howard Hughes Medical Institute boosted its stake in YHOO in the latest quarter, The investment management firm added 13,734 additional shares and now holds a total of 27,028 shares of Yahoo! which is valued at $1,037,605. Yahoo! makes up approx 0.33% of Howard Hughes Medical Institute’s portfolio.Signaturefd boosted its stake in YHOO in the latest quarter, The investment management firm added 605 additional shares and now holds a total of 1,675 shares of Yahoo! which is valued at $63,968. Yahoo! makes up approx 0.01% of Signaturefd’s portfolio.

Yahoo! closed down -0.01 points or -0.02% at $42.26 with 45,55,600 shares getting traded on Monday. Post opening the session at $42.2, the shares hit an intraday low of $42.0801 and an intraday high of $42.46 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

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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