4 Tech Stock Stories Making Thursday Headlines

Yelp Inc. (NYSE:YELP): Closing price $51.50

Yelp shares closed up over 23 percent on the day, after three Wall Street analysts hiked their ratings subsequent to the company’s second quarter results late Wednesday. Although Yelp lost $878,000, or one cent per share, on revenue of $55 million, a group of analysts interviewed by FactSet estimated a loss of 4 cents per share on sales of $53.3 million. During the same period in 2012, Yelp lost $2 million, or 3 cents a share, on $32.7 million in sales. The company credited its business performance to gains in usage and advertising from mobile devices.

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Yahoo! Inc. (NASDAQ:YHOO): Closing price $27.96

On Thursday, Yahoo! said that it will take space at the San Francisco Chronicle building in the South of Market area, and transfer its local employees to the property. Hearst Corp.’s Western Properties presently owns The Chronicle building. Chief Development Officer Jacqueline Reses, in a post on Yahoo’s Tumblr site, observed, “Our spacious new office will allow us to continue the growth of our team. We’ll have a fabulous on-site environment, including great food, a game room, collaborative work stations and ample room for teams to work together.” Reses added that Yahoo! intends to hire more employees in the city.

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Amazon.com Inc. (NASDAQ:AMZN): Closing price $305.57

Analyst Carlos Kirjner at Bernstein Research on Thursday raised his price target on Amazon.com Inc. from $350 to $375 per share, commenting in a research note that the online retailer continues to enlarge its Amazon Prime division. Basing his figures on consumer surveys and product-shipment data, Kirjner estimates that the firm has some 25 million subscribers, with roughly 16 million in the United States. Prime subscribers usually pay Amazon $79 per year for two-day delivery on most products, and have access to the company’s Amazon Prime video service.

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Google Inc. (NASDAQ:GOOG): Closing price $904.22

Google is now showing a benefit of transferring output from Asia to the United States, as it allows buyers to customize phones to give them their own styles. Employees at the factory in Fort Worth assemble the custom phone, and then Google transports it to the buyer’s residence within five days. The Moto X will be available for sale in around a month at all four national wireless carriers: Verizon, AT&T, Sprint, and T-Mobile, starting at $200. At first, only AT&T will offer the customization option, but Google said that it will make it available at all carriers in the near-term.

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