Yahoo! Inc. (NASDAQ:AABA) has been assigned a consensus recommendation of “Buy” from the twenty-eight ratings firms that are currently covering the company, MarketBeat reports. Fourteen research analysts have rated the stock with a hold recommendation and fourteen have given a buy recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $50.64.

AABA has been the topic of several recent research reports. Zacks Investment Research upgraded Yahoo! from a “hold” rating to a “buy” rating and set a $53.00 price target on the stock in a research report on Friday, April 21st. Cantor Fitzgerald set a $53.00 price target on Yahoo! and gave the stock a “buy” rating in a research report on Tuesday, April 18th. UBS Group AG restated a “buy” rating on shares of Yahoo! in a research report on Monday, July 17th. BMO Capital Markets restated a “hold” rating and set a $47.00 price target on shares of Yahoo! in a research report on Monday, April 17th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Yahoo! in a report on Tuesday, April 18th.

Hedge funds have recently modified their holdings of the company. Atlantic Trust Group LLC purchased a new stake in shares of Yahoo! during the second quarter valued at approximately $1,139,000. Pacer Advisors Inc. purchased a new stake in shares of Yahoo! during the second quarter valued at approximately $1,108,000. Cowen Prime Services LLC purchased a new stake in shares of Yahoo! during the second quarter valued at approximately $183,000. Parallel Advisors LLC purchased a new stake in shares of Yahoo! during the second quarter valued at approximately $208,000. Finally, Fernwood Investment Management LLC purchased a new stake in shares of Yahoo! during the second quarter valued at approximately $223,000. 82.44% of the stock is owned by institutional investors.

Yahoo! (NASDAQ AABA) opened at 58.03 on Friday. The firm’s market capitalization is $55.66 billion. Yahoo! has a 52 week low of $38.24 and a 52 week high of $60.44. The firm has a 50-day moving average price of $56.94 and a 200 day moving average price of $50.01.

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Yahoo! Company Profile

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.

Analyst Recommendations for Yahoo! (NASDAQ:AABA)

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