Holowesko Partners Ltd. Exits Position in Yahoo! (YHOO)

Yahoo! (YHOO) : Holowesko Partners Ltd. has sold out all of its stake in Yahoo! during the most recent quarter, according to the disclosure filed by the company on Aug 9, 2016 with the SEC. The investment management company has sold out 1,020,000 shares of Yahoo! which is valued at $40,024,800.

Other Hedge Funds, Including , Rafferty Asset Management reduced its stake in YHOO by selling 6,232 shares or 28.14% in the most recent quarter. The Hedge Fund company now holds 15,912 shares of YHOO which is valued at $656,688. Yahoo! makes up approx 0.04% of Rafferty Asset Management’s portfolio.Norinchukin Bank The boosted its stake in YHOO in the latest quarter, The investment management firm added 1,136 additional shares and now holds a total of 45,840 shares of Yahoo! which is valued at $1,891,817. Yahoo! makes up approx 0.04% of Norinchukin Bank The’s portfolio. Ayalon Holdings Ltd. sold out all of its stake in YHOO during the most recent quarter. The investment firm sold 700 shares of YHOO which is valued $26,873.Douglas Lane Associates reduced its stake in YHOO by selling 22,370 shares or 3.8% in the most recent quarter. The Hedge Fund company now holds 566,697 shares of YHOO which is valued at $21,908,506. Yahoo! makes up approx 0.59% of Douglas Lane Associates’s portfolio.Svenska Handelsbanken Ab (publ) reduced its stake in YHOO by selling 538,402 shares or 18.1% in the most recent quarter. The Hedge Fund company now holds 2,436,598 shares of YHOO which is valued at $91,713,549. Yahoo! makes up approx 5.48% of Svenska Handelsbanken Ab (publ)’s portfolio.

Yahoo! opened for trading at $42.39 and hit $42.75 on the upside on Wednesday, eventually ending the session at $42.7, with a gain of 0.49% or 0.21 points. The heightened volatility saw the trading volume jump to 85,71,927 shares. Company has a market cap of $40,641 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!. 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 .Company shares were Reiterated by UBS on Jul 19, 2016 to “Buy”, Firm has raised the Price Target to $ 43 from a previous price target of $42 .

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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