Yelp Inc. $YELP Shares Acquired by Integrated Quantitative Investments LLC

Integrated Quantitative Investments LLC raised its holdings in Yelp Inc. (NYSE:YELP) by 87.1% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 54,854 shares of the local business review company’s stock after purchasing an additional 25,537 shares during the period. Integrated Quantitative Investments LLC’s holdings in Yelp were worth $1,711,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Qube Research & Technologies Ltd raised its holdings in Yelp by 399.0% during the second quarter. Qube Research & Technologies Ltd now owns 725,214 shares of the local business review company’s stock worth $24,853,000 after purchasing an additional 579,894 shares in the last quarter. Jupiter Asset Management Ltd. boosted its stake in Yelp by 268.1% during the second quarter. Jupiter Asset Management Ltd. now owns 753,173 shares of the local business review company’s stock valued at $25,811,000 after buying an additional 548,586 shares in the last quarter. American Century Companies Inc. grew its holdings in Yelp by 217.2% during the second quarter. American Century Companies Inc. now owns 551,212 shares of the local business review company’s stock worth $18,890,000 after acquiring an additional 377,441 shares during the period. BNP Paribas Financial Markets raised its position in Yelp by 1,144.9% in the second quarter. BNP Paribas Financial Markets now owns 351,006 shares of the local business review company’s stock worth $12,029,000 after acquiring an additional 322,810 shares in the last quarter. Finally, LSV Asset Management raised its position in Yelp by 14.8% in the third quarter. LSV Asset Management now owns 2,402,938 shares of the local business review company’s stock worth $74,972,000 after acquiring an additional 309,173 shares in the last quarter. Institutional investors and hedge funds own 90.11% of the company’s stock.

Yelp Stock Up 2.4%

YELP opened at $23.73 on Thursday. The firm has a market capitalization of $1.46 billion, a P/E ratio of 10.55, a PEG ratio of 0.57 and a beta of 0.56. The stock has a fifty day moving average of $26.25 and a 200-day moving average of $29.39. Yelp Inc. has a 12-month low of $19.60 and a 12-month high of $41.22.

Yelp (NYSE:YELP) last posted its quarterly earnings results on Thursday, February 12th. The local business review company reported $0.61 EPS for the quarter, topping the consensus estimate of $0.47 by $0.14. The business had revenue of $359.99 million during the quarter, compared to analysts’ expectations of $358.70 million. Yelp had a net margin of 9.94% and a return on equity of 19.96%. The firm’s quarterly revenue was down .5% compared to the same quarter last year. During the same period last year, the company posted $0.62 earnings per share. On average, analysts expect that Yelp Inc. will post 2.22 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently weighed in on YELP. UBS Group set a $28.00 price objective on shares of Yelp in a research report on Tuesday, January 13th. Weiss Ratings lowered shares of Yelp from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, February 11th. Wall Street Zen cut shares of Yelp from a “buy” rating to a “hold” rating in a report on Saturday, February 14th. Zacks Research lowered shares of Yelp from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 17th. Finally, Morgan Stanley dropped their price target on Yelp from $30.00 to $28.00 and set an “underweight” rating on the stock in a report on Tuesday, January 13th. One investment analyst has rated the stock with a Buy rating, four have given a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Reduce” and an average target price of $28.50.

Insider Transactions at Yelp

In related news, CEO Jeremy Stoppelman sold 30,000 shares of the stock in a transaction on Friday, January 30th. The stock was sold at an average price of $27.26, for a total transaction of $817,800.00. Following the completion of the sale, the chief executive officer directly owned 756,458 shares in the company, valued at approximately $20,621,045.08. This trade represents a 3.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO David A. Schwarzbach sold 13,500 shares of the business’s stock in a transaction dated Tuesday, December 16th. The shares were sold at an average price of $30.41, for a total value of $410,535.00. Following the completion of the transaction, the chief financial officer owned 127,627 shares in the company, valued at $3,881,137.07. This trade represents a 9.57% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 236,264 shares of company stock valued at $6,501,015. 8.00% of the stock is owned by insiders.

Yelp Company Profile

Yelp is a digital platform that connects consumers with local businesses through user-generated reviews, ratings and multimedia content. The company’s flagship offerings include the Yelp website and mobile applications for iOS and Android, where users can search for and discover restaurants, shops, service providers and other points of interest. In addition to crowd-sourced reviews and photographs, Yelp provides business profile pages featuring hours, contact information, menus and direct messaging capabilities.

Yelp generates revenue primarily through advertising services sold to small and medium-sized enterprises.