Federated Investors Inc. PA lessened its stake in shares of Yelp Inc. (NYSE:YELP) by 78.7% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 46,386 shares of the local business review company’s stock after selling 171,242 shares during the period. Federated Investors Inc. PA owned 0.06% of Yelp worth $1,393,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Strs Ohio bought a new position in Yelp during the 2nd quarter worth $108,000. FNY Partners Fund LP increased its stake in Yelp by 18,650.0% during the 1st quarter. FNY Partners Fund LP now owns 3,750 shares of the local business review company’s stock worth $122,000 after acquiring an additional 3,730 shares during the period. Neuburgh Advisers LLC bought a new position in Yelp during the 1st quarter worth $133,000. Russell Investments Group Ltd. increased its stake in Yelp by 98.8% during the 2nd quarter. Russell Investments Group Ltd. now owns 4,091 shares of the local business review company’s stock worth $123,000 after acquiring an additional 2,033 shares during the period. Finally, FNY Managed Accounts LLC bought a new position in Yelp during the 1st quarter worth $163,000. Hedge funds and other institutional investors own 90.90% of the company’s stock.

A number of equities analysts have commented on the company. B. Riley restated a “neutral” rating and set a $36.00 price objective on shares of Yelp in a research note on Friday, August 4th. Cowen and Company restated a “market perform” rating and set a $38.00 price objective (up previously from $33.00) on shares of Yelp in a research note on Wednesday, August 9th. Zacks Investment Research upgraded Yelp from a “sell” rating to a “hold” rating and set a $48.00 price objective on the stock in a research note on Tuesday, August 8th. Robert W. Baird restated a “neutral” rating and set a $37.00 price objective (up previously from $26.00) on shares of Yelp in a research note on Thursday, August 10th. Finally, Needham & Company LLC restated a “buy” rating and set a $43.00 price objective (up previously from $30.00) on shares of Yelp in a research note on Friday, August 4th. One equities research analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and twenty have given a buy rating to the stock. Yelp has an average rating of “Buy” and an average target price of $38.60.

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Shares of Yelp Inc. (NYSE YELP) opened at 42.95 on Thursday. The company has a market capitalization of $3.51 billion, a price-to-earnings ratio of 271.84 and a beta of 1.41. The company has a 50-day moving average price of $40.01 and a 200-day moving average price of $33.88. Yelp Inc. has a 12 month low of $26.93 and a 12 month high of $44.25.

Yelp (NYSE:YELP) last posted its earnings results on Thursday, August 3rd. The local business review company reported $0.09 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.03) by $0.12. The company had revenue of $209.90 million during the quarter, compared to analyst estimates of $204.89 million. Yelp had a net margin of 1.67% and a return on equity of 1.60%. Yelp’s revenue for the quarter was up 21.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.16 earnings per share. On average, equities analysts anticipate that Yelp Inc. will post $0.07 EPS for the current year.

Yelp declared that its board has initiated a share buyback program on Thursday, August 3rd that authorizes the company to repurchase $200.00 million in shares. This repurchase authorization authorizes the local business review company to repurchase up to 7.9% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s board of directors believes its shares are undervalued.

In other news, Director Geoffrey L. Donaker sold 42,000 shares of the stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $40.00, for a total transaction of $1,680,000.00. Following the completion of the sale, the director now directly owns 47,590 shares in the company, valued at $1,903,600. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Jeremy Stoppelman sold 13,000 shares of the stock in a transaction dated Tuesday, September 5th. The stock was sold at an average price of $42.62, for a total transaction of $554,060.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 169,240 shares of company stock valued at $6,815,609. 10.10% of the stock is currently owned by company insiders.

About Yelp

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 offers local business review sites. Yelp provides a platform for consumers to share their everyday local business experiences with other consumers by posting reviews, tips, photos and videos, and to engage directly with businesses, through reviews, its Request-A-Quote and Message the Business features, and by completing transactions on the Yelp Platform.

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Institutional Ownership by Quarter for Yelp (NYSE:YELP)

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