Neuburgh Advisers LLC boosted its stake in shares of Yelp Inc (NYSE:YELP) by 18.1% in the second quarter, Holdings Channel reports. The fund owned 7,744 shares of the local business review company’s stock after purchasing an additional 1,188 shares during the period. Neuburgh Advisers LLC’s holdings in Yelp were worth $265,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the business. State Board of Administration of Florida Retirement System lifted its position in Yelp by 1.1% during the 2nd quarter. State Board of Administration of Florida Retirement System now owns 52,751 shares of the local business review company’s stock worth $1,803,000 after acquiring an additional 580 shares during the period. Meeder Asset Management Inc. lifted its position in Yelp by 271.5% during the 2nd quarter. Meeder Asset Management Inc. now owns 1,371 shares of the local business review company’s stock worth $47,000 after acquiring an additional 1,002 shares during the period. Texas Permanent School Fund lifted its position in Yelp by 2.4% during the 1st quarter. Texas Permanent School Fund now owns 51,238 shares of the local business review company’s stock worth $1,768,000 after acquiring an additional 1,218 shares during the period. Great West Life Assurance Co. Can lifted its position in Yelp by 3.3% during the 1st quarter. Great West Life Assurance Co. Can now owns 46,884 shares of the local business review company’s stock worth $1,616,000 after acquiring an additional 1,486 shares during the period. Finally, Riverhead Capital Management LLC lifted its holdings in shares of Yelp by 18.0% in the 2nd quarter. Riverhead Capital Management LLC now owns 11,800 shares of the local business review company’s stock valued at $403,000 after buying an additional 1,800 shares during the period. 92.77% of the stock is owned by institutional investors.

YELP has been the subject of several recent analyst reports. Stifel Nicolaus reissued a “hold” rating and issued a $38.00 price target on shares of Yelp in a report on Friday, August 9th. DA Davidson reissued a “buy” rating on shares of Yelp in a report on Friday, August 9th. Royal Bank of Canada reissued an “outperform” rating and issued a $44.00 price target (up from $42.00) on shares of Yelp in a report on Friday, August 9th. Evercore ISI set a $38.00 price target on Yelp and gave the company a “hold” rating in a report on Friday, August 9th. Finally, Oppenheimer reissued a “hold” rating on shares of Yelp in a report on Friday, August 9th. Two analysts have rated the stock with a sell rating, sixteen have issued a hold rating and seven have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $37.74.

NYSE YELP traded up $1.22 during mid-day trading on Thursday, hitting $35.82. The stock had a trading volume of 67,046 shares, compared to its average volume of 1,641,361. Yelp Inc has a 52-week low of $29.33 and a 52-week high of $52.50. The company has a market cap of $2.36 billion, a price-to-earnings ratio of 79.16, a P/E/G ratio of 2.32 and a beta of 1.02. The company has a 50 day simple moving average of $33.96 and a 200 day simple moving average of $34.61. The company has a quick ratio of 3.91, a current ratio of 3.91 and a debt-to-equity ratio of 0.26.

Yelp (NYSE:YELP) last released its quarterly earnings data on Thursday, August 8th. The local business review company reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.04. Yelp had a return on equity of 4.62% and a net margin of 6.26%. The firm had revenue of $246.96 million during the quarter, compared to the consensus estimate of $247.63 million. During the same period last year, the business posted $0.12 EPS. Yelp’s quarterly revenue was up 5.1% on a year-over-year basis. As a group, equities analysts anticipate that Yelp Inc will post 0.68 earnings per share for the current fiscal year.

Yelp Profile

Yelp Inc operates a platform that connects consumers with local businesses in the United States, Canada, and internationally. The company's platform covers various local business categories, including restaurants, shopping, beauty and fitness, arts, entertainment and events, home and local services, health, nightlife, travel and hotel, auto, and others.

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Institutional Ownership by Quarter for Yelp (NYSE:YELP)

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