American International Group Inc. lifted its position in Yelp Inc (NYSE:YELP) by 8.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 52,095 shares of the local business review company’s stock after acquiring an additional 3,895 shares during the quarter. American International Group Inc. owned 0.06% of Yelp worth $2,256,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in YELP. BlackRock Inc. increased its stake in Yelp by 84.9% in the 2nd 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 during the period. Southpoint Capital Advisors LP purchased a new position in Yelp in the 2nd quarter worth about $66,044,000. Dorsey Asset Management LLC purchased a new position in Yelp in the 2nd quarter worth about $22,095,000. Prescott General Partners LLC increased its stake in Yelp by 21.3% in the 2nd quarter. Prescott General Partners LLC now owns 3,851,774 shares of the local business review company’s stock worth $115,630,000 after buying an additional 676,251 shares during the period. Finally, SQN Investors LP increased its stake in Yelp by 178.0% in the 2nd quarter. SQN Investors LP now owns 1,040,474 shares of the local business review company’s stock worth $31,235,000 after buying an additional 666,179 shares during the period. Hedge funds and other institutional investors own 85.75% of the company’s stock.

Yelp Inc (YELP) traded down $0.32 during mid-day trading on Monday, reaching $40.47. 1,792,600 shares of the company were exchanged, compared to its average volume of 2,476,679. The firm has a market cap of $3,354.52, a PE ratio of 183.96, a PEG ratio of 8.72 and a beta of 1.22. Yelp Inc has a one year low of $26.93 and a one year high of $48.40.

Yelp (NYSE:YELP) last released its earnings results on Wednesday, November 1st. The local business review company reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.30. The company had revenue of $222.40 million during the quarter, compared to analysts’ expectations of $220.75 million. Yelp had a net margin of 2.31% and a return on equity of 2.20%. Yelp’s revenue for the quarter was up 19.4% on a year-over-year basis. During the same period last year, the business earned $0.22 EPS. sell-side analysts predict that Yelp Inc will post 0.17 EPS for the current year.

In other Yelp news, CEO Jeremy Stoppelman sold 13,000 shares of Yelp stock in a transaction that occurred on Friday, November 24th. The shares were sold at an average price of $47.59, for a total transaction of $618,670.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Geoffrey L. Donaker sold 6,000 shares of Yelp stock in a transaction that occurred on Tuesday, December 5th. The shares were sold at an average price of $42.95, for a total transaction of $257,700.00. Following the sale, the director now owns 9,590 shares of the company’s stock, valued at $411,890.50. The disclosure for this sale can be found here. Insiders sold a total of 333,956 shares of company stock valued at $14,979,678 over the last quarter. 10.10% of the stock is owned by company insiders.

YELP has been the topic of several recent analyst reports. Zacks Investment Research raised shares of Yelp from a “hold” rating to a “buy” rating and set a $52.00 price target on the stock in a research note on Tuesday, November 21st. Cantor Fitzgerald downgraded shares of Yelp from an “overweight” rating to a “neutral” rating and reduced their price target for the stock from $46.73 to $44.00 in a research note on Monday, October 9th. KeyCorp reaffirmed a “buy” rating and issued a $54.00 price target on shares of Yelp in a research note on Wednesday, October 4th. BidaskClub raised shares of Yelp from a “hold” rating to a “buy” rating in a research note on Friday, October 6th. Finally, Royal Bank Of Canada raised shares of Yelp from a “sector perform” rating to an “outperform” rating and raised their price target for the stock from $36.00 to $55.00 in a research note on Thursday, November 2nd. Three research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and twenty have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $43.51.

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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.

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Institutional Ownership by Quarter for Yelp (NYSE:YELP)

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