EagleClaw Capital Managment LLC bought a new position in shares of Yelp Inc. (NYSE:YELP – Get Rating) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 6,300 shares of the local business review company’s stock, valued at approximately $214,000.
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A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. KBC Group NV acquired a new position in shares of Yelp during the third quarter valued at about $179,000. TD Asset Management Inc. bought a new stake in Yelp during the third quarter worth about $284,000. Davidson Investment Advisors bought a new stake in shares of Yelp during the third quarter valued at approximately $1,807,000. Jump Financial LLC acquired a new stake in shares of Yelp in the 3rd quarter valued at $1,119,000. Finally, Yousif Capital Management LLC increased its stake in shares of Yelp by 3.5% in the 3rd quarter. Yousif Capital Management LLC now owns 56,603 shares of the local business review company’s stock valued at $1,919,000 after buying an additional 1,917 shares during the period. Institutional investors and hedge funds own 93.01% of the company’s stock.
Insider Buying and Selling at Yelp
In other Yelp news, CEO Jeremy Stoppelman sold 50,000 shares of the company’s stock in a transaction that occurred on Wednesday, January 11th. The stock was sold at an average price of $28.65, for a total value of $1,432,500.00. Following the sale, the chief executive officer now owns 501,736 shares in the company, valued at $14,374,736.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, CEO Jeremy Stoppelman sold 50,000 shares of the business’s stock in a transaction dated Wednesday, January 11th. The shares were sold at an average price of $28.65, for a total value of $1,432,500.00. Following the completion of the sale, the chief executive officer now owns 501,736 shares of the company’s stock, valued at $14,374,736.40. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO David A. Schwarzbach sold 2,000 shares of the business’s stock in a transaction dated Tuesday, November 15th. The shares were sold at an average price of $31.10, for a total transaction of $62,200.00. Following the completion of the sale, the chief financial officer now directly owns 185,172 shares of the company’s stock, valued at approximately $5,758,849.20. The disclosure for this sale can be found here. Insiders have sold 391,999 shares of company stock worth $11,408,440 over the last 90 days. Company insiders own 7.70% of the company’s stock.
Yelp Stock Performance
YELP traded down $0.04 on Monday, hitting $31.13. 123,252 shares of the company were exchanged, compared to its average volume of 541,713. Yelp Inc. has a 12 month low of $25.30 and a 12 month high of $39.26. The company has a market cap of $2.17 billion, a PE ratio of 58.81 and a beta of 1.40. The stock’s fifty day moving average is $28.50 and its 200-day moving average is $32.12.
Yelp (NYSE:YELP – Get Rating) last released its quarterly earnings data on Thursday, November 3rd. The local business review company reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.01. The firm had revenue of $308.89 million for the quarter, compared to analyst estimates of $306.12 million. Yelp had a return on equity of 5.44% and a net margin of 3.40%. As a group, equities research analysts expect that Yelp Inc. will post 0.53 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
YELP has been the subject of a number of analyst reports. Credit Suisse Group decreased their price objective on Yelp from $49.00 to $42.00 and set an “outperform” rating for the company in a research note on Friday, November 4th. Wells Fargo & Company decreased their target price on Yelp from $38.00 to $31.00 and set an “equal weight” rating for the company in a research note on Thursday, January 19th. TheStreet cut Yelp from a “b-” rating to a “c” rating in a research note on Thursday, December 8th. Jefferies Financial Group decreased their target price on Yelp from $40.00 to $38.00 and set a “hold” rating for the company in a research note on Thursday, October 6th. Finally, JPMorgan Chase & Co. lowered Yelp from a “neutral” rating to an “underweight” rating and cut their price target for the company from $34.00 to $23.00 in a report on Tuesday, December 20th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $34.38.
Yelp, Inc operates a platform that connects consumers with local businesses in the United States and internationally. The company’s platform covers various local business categories, including restaurants, shopping, beauty and fitness, health, and other categories, as well as home, local, auto, professional, pets, events, real estate, and financial services.
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