Will Yahoo’s Downgrade Bother These Top Institutional Shareholders?

Pivotal Research decided to downgrade Yahoo (NASDAQ:YHOO) from Buy to Hold, and it gave the stock a price target of $26, up from $23. Analyst Brian Wieser stated, “We are incorporating refined valuation estimates of Alibaba Group and Yahoo Japan, and raising our target price to $26 per share. However, given the stock’s recent run-up and what we consider to be a “fuller” value (incorporating more refined assumptions around Alibaba) we downgrade Yahoo.”

These institutional firms indicated owning shares of Yahoo in Q1 2013. They reported owning a total of 0 shares on 03/31/2013. The shares closed at $23.53 on 03/31/2013.

Here are the ten largest positions in Yahoo at the end of March 31, 2013.

Third Point LLC held 73,000,400 shares on 12/31/2012 worth $1,452,707,932. This brought the portfolio total to 26.29 percent.

Vanguard Group Inc held 48,917,794 shares on 12/31/2012 worth $973,464,082. This brought the portfolio total to 0.12 percent.

State Street Corp held 46,566,856 shares on 12/31/2012 worth $926,680,417. This brought the portfolio total to 0.13 percent.

FMR LLC held 35,414,534 shares on 12/31/2012 worth $704,749,213. This brought the portfolio total to 0.13 percent.

Blackrock Institutional Trust Company N.A. held 29,436,703 shares on 12/31/2012 worth $585,790,378. This brought the portfolio total to 0.14 percent.

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Invesco Ltd. held 28,229,816 shares on 12/31/2012 worth $561,773,328. This brought the portfolio total to 0.3 percent.

Wellington Management Co LLP held 27,807,651 shares on 12/31/2012 worth $553,372,244. This brought the portfolio total to 0.04 percent.

Capital Research Global Investors held 19,667,798 shares on 12/31/2012 worth $391,389,173. This brought the portfolio total to 0.19 percent.

Goldman Sachs Group Inc held 17,097,600 shares on 12/31/2012 worth $340,242,000. This brought the portfolio total to 0.14 percent.

Citigroup Inc held 15,898,615 shares on 12/31/2012 worth $316,382,432. This brought the portfolio total to 0.32 percent.

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