Market Wrap: The Greek Carrot; Hedge Funds' Smooth Moves; Yahoo!'s Terrible, Horrible, No Good, Very Bad Day

Market wrap-up for February 14th

End of the Day: Dow Jones up 4.2 to 12,878.28; Nasdaq up 0.4 to 2,931.83; S&P 500 down 1.3 to 1,350.50

The following is a brief summary of events moving markets today:

• The markets held a late rally, but you could tell there was a sort of listlessness to it: European finance ministers keep dangling the carrot in front of Greece, now canceling the scheduled meeting for tomorrow and opting for a teleconference instead.
  
  One finance minister said he didn't receive the required political assurances for Greece that planned measures would be carried out. That doesn't mean the deal is off the table, only that Greece needs to start crossing its t's and dotting its i's if it plans to receive €130 billion in bailout funds.
  
  
• Hedge funds shell game continues: Quarterly filing season is upon us, with some notable managers making some very notable moves. Buffett's Berkshire Hathaway showed a new stake in DaVita (NYSE: DVA) while it lowered positions in Johnson & Johnson (NYSE: JNJ) as well as Kraft Foods (NYSE: KFT).
  
  For more of the latest moves, check out Streetinsider's Hedge Fund Insider.
  
  
• It's official, we're addicted!: Zynga (Nasdaq: ZNGA) reported fourth-quarter revs of $311.2 million and EPS of 5 cents, versus views calling for revs of $311.2 and EPS of 3 cents. This is the first quarterly numbers since Zynga went public last December. Shares were initially down, then up a little, and are now about a percent or two into negative territory. For more on the quarter, click here.
  
  
• No "harumph"-ing at Yahoo! today: Yahoo! (Nasdaq: YHOO) had some news today. First, the deal for Yahoo! to sell its Asian assets might be off, though Yahoo! claims it hasn't heard anything of the sort. AllThingsD cites sources in the know on the info. Next, Third Point's Dan Loeb isn't resting after Jerry Yang and Roy Bostock left Yahoo!'s Board, seeking to name himself and three other candidates to the role.
  
  Shares ended about 4.7 percent lower on the session Tuesday. For a summary of the reports, click here.
  
  
• Did we say 10 million? Our bad..: Amazon.com (Nasdaq: AMZN) took a bit of an afternoon hit Tuesday following reports that subscribers numbers to its Prime service might have come in lower than analyst expectations. Citing people in the know, Bloomberg stated Amazon Prime has attracted less than half of the originally target numbers. The sources said Amazon had about 3 million to 5 million subs with the service -- which begun in 2005 for $79 per year and offers free two-day shipping -- though they've said Amazon is working over the next 12 months to 18 months to bring those numbers up to 7 million to 10 million. Analysts were expecting subs of 10 million currently.

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