Traders Buy Shares of Yahoo! Inc. (AABA) on Weakness

Investors bought shares of Yahoo! Inc. (NASDAQ:AABA) on weakness during trading on Thursday. $189.27 million flowed into the stock on the tick-up and $53.48 million flowed out of the stock on the tick-down, for a money net flow of $135.79 million into the stock. Of all equities tracked, Yahoo! had the 3rd highest net in-flow for the day. Yahoo! traded down ($0.47) for the day and closed at $58.43

Receive News & Ratings for Yahoo! Inc. Daily

Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Yahoo! Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

A number of equities research analysts recently commented on the stock. UBS AG reissued a “buy” rating on shares of Yahoo! in a research report on Monday, July 17th. Oppenheimer Holdings, Inc. assumed coverage on shares of Yahoo! in a research report on Thursday, July 6th. They set an “outperform” rating and a $75.00 target price for the company. Zacks Investment Research raised shares of Yahoo! from a “hold” rating to a “buy” rating and set a $62.00 target price for the company in a research report on Wednesday, July 12th. J P Morgan Chase & Co assumed coverage on shares of Yahoo! in a research report on Wednesday, June 28th. They set an “overweight” rating for the company. Finally, Raymond James Financial, Inc. reissued an “outperform” rating and set a $72.00 target price (up previously from $58.00) on shares of Yahoo! in a research report on Sunday, June 18th. Fourteen equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $50.50.

The company’s market cap is $56.72 billion. The stock’s 50-day moving average is $55.55 and its 200-day moving average is $48.99.

A hedge fund recently bought a new stake in Yahoo! stock. Congress Asset Management Co. MA acquired a new stake in shares of Yahoo! Inc. (NASDAQ:AABA) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 5,500 shares of the company’s stock, valued at approximately $300,000. 82.20% of the stock is currently owned by institutional investors and hedge funds.

WARNING: This article was posted by [[site]] and is the sole property of of [[site]]. If you are accessing this article on another site, it was illegally copied and reposted in violation of US and international copyright legislation. The correct version of this article can be read at [[permalink]].

About Yahoo!

Altaba Inc (the Fund), formerly Yahoo! Inc, is a non-diversified, closed-end management investment company. The Fund seeks to track the combined investment return of the Alibaba Shares and the Yahoo Japan Shares it owns. Alibaba Shares represent an approximate 15% equity interest in Alibaba Group Holding Limited (Alibaba), and its Yahoo Japan Corporation ((Yahoo Japa) Shares represent an approximate 36% equity interest in Yahoo Japan.