Amalgamated Bank lifted its position in Yelp Inc. (NYSE:YELP) by 0.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,993 shares of the local business review company’s stock after buying an additional 88 shares during the quarter. Amalgamated Bank’s holdings in Yelp were worth $300,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. lifted its holdings in shares of Yelp by 84.9% in the second quarter. BlackRock Inc. now owns 5,232,684 shares of the local business review company’s stock worth $157,084,000 after buying an additional 2,403,240 shares in the last quarter. TIAA CREF Investment Management LLC lifted its holdings in shares of Yelp by 10.9% in the second quarter. TIAA CREF Investment Management LLC now owns 505,270 shares of the local business review company’s stock worth $15,168,000 after buying an additional 49,613 shares in the last quarter. Teachers Advisors LLC lifted its holdings in shares of Yelp by 30.4% in the second quarter. Teachers Advisors LLC now owns 506,368 shares of the local business review company’s stock worth $15,201,000 after buying an additional 117,923 shares in the last quarter. Riverhead Capital Management LLC lifted its holdings in shares of Yelp by 37.3% in the second quarter. Riverhead Capital Management LLC now owns 8,510 shares of the local business review company’s stock worth $255,000 after buying an additional 2,310 shares in the last quarter. Finally, Capital Fund Management S.A. lifted its holdings in shares of Yelp by 113.2% in the second quarter. Capital Fund Management S.A. now owns 714,639 shares of the local business review company’s stock worth $21,453,000 after buying an additional 379,367 shares in the last quarter. 90.85% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities research analysts have recently issued reports on the stock. Barclays PLC reissued an “equal weight” rating and issued a $36.00 price target (up from $28.00) on shares of Yelp in a report on Friday, August 4th. B. Riley reissued a “neutral” rating and issued a $36.00 price target on shares of Yelp in a report on Friday, August 4th. Bank of America Corporation increased their price target on shares of Yelp from $43.00 to $52.00 and gave the stock a “buy” rating in a report on Tuesday. Royal Bank Of Canada increased their price target on shares of Yelp from $27.00 to $36.00 and gave the stock a “sector perform” rating in a report on Friday, August 4th. Finally, Zacks Investment Research raised shares of Yelp from a “sell” rating to a “hold” rating and set a $48.00 price target on the stock in a report on Tuesday, August 8th. One research analyst has rated the stock with a sell rating, eighteen have issued a hold rating and twenty have given a buy rating to the stock. Yelp has an average rating of “Hold” and a consensus price target of $40.35.

In other Yelp news, CEO Jeremy Stoppelman sold 13,000 shares of the company’s stock in a transaction on Friday, August 4th. The stock was sold at an average price of $40.00, for a total value of $520,000.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO Joseph R. Nachman sold 6,500 shares of the company’s stock in a transaction on Friday, August 4th. The shares were sold at an average price of $38.28, for a total value of $248,820.00. Following the completion of the transaction, the chief operating officer now directly owns 131,115 shares in the company, valued at approximately $5,019,082.20. The disclosure for this sale can be found here. Insiders sold a total of 226,610 shares of company stock worth $9,485,130 in the last ninety days. 10.10% of the stock is currently owned by corporate insiders.

Yelp Inc. (NYSE YELP) opened at 44.40 on Wednesday. The company has a market cap of $3.63 billion, a PE ratio of 281.01 and a beta of 1.34. Yelp Inc. has a one year low of $26.93 and a one year high of $46.76. The stock has a 50 day moving average of $43.47 and a 200 day moving average of $35.34.

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

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

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Yelp 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 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.

Institutional Ownership by Quarter for Yelp (NYSE:YELP)

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