Yahoo! Inc. (NASDAQ:YHOO)‘s stock had its “buy” rating reiterated by research analysts at SunTrust in a note issued to investors on Monday, AnalystRatings.Net reports. They currently have a $40.00 target price on the digital content provider’s stock, down from their previous target price of $45.00. SunTrust’s price objective points to a potential upside of 34.68% from the company’s current price.

Yahoo! (NASDAQ:YHOO) traded down 0.97% during midday trading on Monday, hitting $29.69. 13,534,572 shares of the stock were exchanged. Yahoo! has a one year low of $27.20 and a one year high of $46.17. The firm has a market capitalization of $28.04 billion and a price-to-earnings ratio of 118.76. The company has a 50 day moving average price of $31.84 and a 200 day moving average price of $33.34.

A number of large investors recently added to or reduced their stakes in the stock. KBC Group raised its stake in Yahoo! by 57.4% in the third quarter. KBC Group now owns 418,459 shares of the digital content provider’s stock worth $12,097,000 after buying an additional 152,628 shares during the last quarter. ING Groep raised its stake in Yahoo! by 3,503.9% in the third quarter. ING Groep now owns 1,974,660 shares of the digital content provider’s stock worth $57,048,000 after buying an additional 1,919,867 shares during the last quarter. River & Mercantile Asset Management bought a new stake in Yahoo! during the fourth quarter worth approximately $2,893,000. Water Island Capital raised its stake in Yahoo! by 91.0% in the third quarter. Water Island Capital now owns 410,362 shares of the digital content provider’s stock worth $11,864,000 after buying an additional 195,504 shares during the last quarter. Finally, Simplex Trading raised its stake in Yahoo! by 15.6% in the fourth quarter. Simplex Trading now owns 3,837 shares of the digital content provider’s stock worth $444,000 after buying an additional 518 shares during the last quarter.

YHOO has been the subject of a number of other research reports. Vetr upgraded shares of Yahoo! from a “sell” rating to a “hold” rating and set a $33.05 target price for the company in a research report on Monday, November 9th. Credit Suisse set a $47.00 price objective on shares of Yahoo! and gave the company a “neutral” rating in a research report on Thursday, January 14th. Piper Jaffray restated a “buy” rating and issued a $39.00 price objective on shares of Yahoo! in a research report on Wednesday, December 2nd. MKM Partners restated a “buy” rating and issued a $43.00 price objective on shares of Yahoo! in a research report on Thursday, December 10th. Finally, Mizuho restated a “neutral” rating and issued a $37.00 price objective on shares of Yahoo! in a research report on Thursday, January 7th. Seventeen investment analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has given a strong buy rating to the stock. Yahoo! presently has a consensus rating of “Buy” and an average price target of $43.83.

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 (NASDAQ:YHOO), 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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