Daiwa Securities Group Inc. increased its position in Yelp Inc. (NYSE:YELP) by 5.3% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 76,394 shares of the local business review company’s stock after buying an additional 3,857 shares during the period. Daiwa Securities Group Inc. owned 0.10% of Yelp worth $3,185,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently made changes to their positions in YELP. FNY Managed Accounts LLC bought a new position in shares of Yelp during the third quarter worth approximately $100,000. Emerald Acquisition Ltd. acquired a new stake in Yelp during the second quarter worth approximately $112,000. Legal & General Group Plc boosted its stake in Yelp by 62.0% in the second quarter. Legal & General Group Plc now owns 5,742 shares of the local business review company’s stock worth $174,000 after buying an additional 2,197 shares in the last quarter. IBM Retirement Fund acquired a new stake in Yelp during the second quarter worth approximately $209,000. Finally, Private Advisor Group LLC acquired a new stake in Yelp during the second quarter worth approximately $231,000. 73.10% of the stock is currently owned by institutional investors.

Institutional Ownership by Quarter for Yelp (NYSE:YELP)

Yelp Inc. (NYSE:YELP) traded up 0.66% during midday trading on Tuesday, hitting $38.31. 1,087,411 shares of the stock traded hands. The company’s 50 day moving average is $36.31 and its 200-day moving average is $33.58. Yelp Inc. has a one year low of $14.53 and a one year high of $43.36. The company’s market cap is $3.01 billion.

Yelp (NYSE:YELP) last announced its quarterly earnings results on Wednesday, November 2nd. The local business review company reported $0.22 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.03) by $0.25. Yelp had a negative net margin of 5.23% and a negative return on equity of 4.58%. The firm had revenue of $186.20 million for the quarter, compared to analyst estimates of $183 million. During the same period last year, the business earned $0.03 EPS. Yelp’s revenue for the quarter was up 29.7% compared to the same quarter last year. On average, equities research analysts forecast that Yelp Inc. will post ($0.14) EPS for the current fiscal year.

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Several equities research analysts have recently issued reports on YELP shares. Zacks Investment Research raised Yelp from a “hold” rating to a “buy” rating and set a $47.00 target price on the stock in a report on Thursday, October 6th. Vetr raised Yelp from a “hold” rating to a “buy” rating and set a $42.74 target price on the stock in a report on Monday, October 3rd. Macquarie lifted their target price on Yelp from $39.00 to $46.00 and gave the stock an “outperform” rating in a report on Wednesday, September 7th. Cantor Fitzgerald reaffirmed a “buy” rating and issued a $42.00 target price on shares of Yelp in a report on Tuesday, September 27th. Finally, Maxim Group lifted their target price on Yelp from $42.00 to $45.00 and gave the stock a “buy” rating in a report on Monday, September 26th. Three equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and eighteen have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $37.00.

In other Yelp news, Director Geoffrey L. Donaker sold 4,000 shares of Yelp stock in a transaction on Tuesday, November 1st. The shares were sold at an average price of $32.94, for a total value of $131,760.00. Following the transaction, the director now directly owns 4,000 shares in the company, valued at $131,760. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Geoffrey L. Donaker sold 6,000 shares of Yelp stock in a transaction on Tuesday, September 27th. The shares were sold at an average price of $39.97, for a total transaction of $239,820.00. Following the completion of the transaction, the director now owns 6,000 shares in the company, valued at $239,820. The disclosure for this sale can be found here. Corporate insiders own 11.08% of the company’s stock.

Yelp Company Profile

Yelp Inc (Yelp) connects people with local businesses by bringing word of mouth online and providing a platform for businesses and consumers to engage and transact. The Company provides local business review sites. Yelp provides a platform for consumers to share their everyday local business experiences, through reviews, tips, photos and videos, and engages directly with businesses, through reviews, phone calls and its Message the Business feature.

5 Day Chart for NYSE:YELP

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