Yahoo Stock

Yahoo: Silicon Valley-based Yahoo reaped more than $9 billion from selling some of its shares in Alibaba initial public offering, and the company has promised to return at least half of the after-tax proceeds to shareholders - likely through stock buy-backs, according to The Independent. Prior to Alibaba IPO, Yahoo due to its large stake in the Chinese company was one of the few ways U.S. investors could tap into the growth of e-commerce in the world most populous country. Yahoo stock has risen more than 30 percent over the last year, largely on the strength of investor excitement about Alibaba booming business. Yahooshares fell 5 percent to $38.81 Monday afternoon. Many investors lack optimism about Mayer chances of regaining some of the advertising business that Yahoo lost in recent years to newer rivals like Google and Facebook. "My expectations for Yahoo core business are pretty muted," Wieser said. "There should be pretty tepid growth, if any, in the near term." That didn't stop Wieser and a handful of other analysts from raising their price targets for Yahoo stock. Yahoo, which acquired its stake in Alibaba back in 2005, still holds more than 380 million shares in Alibaba, worth more than $34 billion at Monday trading price and Yahoo stock fell Monday as investors grappled with uncertainty about the Internet company future in the wake of last week record-setting Wall Street debut by the Chinese e-commerce giant Alibaba. While Mayer has not said what she'll do with the rest of the proceeds, analysts believe she could use the remaining $3 billion or so for acquisitions to help Yahoo revive its struggling advertising business and expand its online video programming. But at least some investors are fleeing Yahoo now that they're able to buy Alibaba shares directly, according to Brian Wieser, an Internet stocks analyst at Pivotal Research. (news.financializer.com). As reported in the news.