Yahoo Inc (YAHOO) recently announced that they have completed the 1st purchase of shares in Ali baba group worth Approx $7.6 billion, while $6.3 billion in cash and other $800 million in preferred shares.
Yahoo! will refund approx $3.65 billion in after-tax proceeds to shareholders, or 85 percent of the net cash proceeds from the initial sale of its shares in Alibaba. This amount includes $646 million the company has already retuned to shareholders through share repurchases since the announcement of the transaction, as well as an additional $3.0 billion.
According to agreement Alibaba, the 2nd phase let Yahoo! to monetize approximately half of its lasting stake at the time of first public offering (IPO) of Alibaba. After an IPO, Yahoo! has the right to sell its remaining shares at its discretion following a customary lock-up period.
Yahoo! Inc. (NASDAQ:YHOO) stock in last session held volume of 30,681,100 million shares as compared to its average volume 18.07 million shares. The stock after opening at $15.96 hit high price of $16.13 and then closed at $15.86 by scoring -0.28%.
As the revenue measures YHOO generated revenue of 4.98 billion in the following twelve months income of $1.10 billion. The Company showed a positive 9.58% in the net profit margin and in addition to in its operating margin which remained 12.93%. Company’s annual sales growth for the past five year was -4.95%.
The stock showed weekly upbeat performance of +2.99% which was maintained for the month at +6.02%. Likewise the positive performance for the quarter was recorded as +0.76% and for the year was +10.45% while the YTD performance remained at -1.67%.
The YHOO past twelve months price to sales ratio was 3.77 and price to cash ratio remained 9.83. As far as the returns are concern, the YHOO return on equity was recorded as 8.73% and increased 3.53% returns on investment while its return on asset stayed at 3.24%.
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