Tag Archives: yhoo

Yahoo’s Strategic Direction Is What Analysts Want

Yahoo (YHOO) reports Q3 earnings after the close Tuesday. With the company’s sales and earnings expected to decline year over year, analysts will be scrutinizing the Web portal’s plans for its $9.4 billion windfall from its sale of shares in China e-commerce leader Alibaba Group’s U.S. IPO last month. “For the first quarter in many, the results at Alibaba will no longer be a key issue,” said Cowen & Co. analyst John Blackledge in a research report

Yahoo Snares Upgrade On Alibaba Windfall

Investment brokerage BGC upgraded Yahoo to buy from hold and boosted its price target on Monday, based not on the company’s core business but on the BCG’s new “sum-of-the-parts value” for the struggling Internet company, which has found itself flush with cash following the Alibaba IPOhttp://news.investors.com/iponews.htm last month. BGC also raised its price target on Yahoo (YHOO) stock to 50 from 37. Yahoo stock, though, fell 3.1% Monday, to

Yahoo Take-Home From Alibaba IPO: A Cool $9.4 Billion

Talk about a potent war chest. Yahoo (YHOO) netted some $9.4 billion from the sale of shares it held in China e-commerce leader Alibaba, according to a regulatory filing on Tuesday. Yahoo sold 140 million shares in Alibaba (BABA)’s IPO last month, at 68 per share. The $9.4 billion take reflects underwriting discounts and commissions of 0.816 per share. The Sunnyvale, Calif.-based Web portal retains 383 million Alibaba shares, a 15% stake in the