California Public Employees Retirement System lowered its stake in Yelp Inc (NYSE:YELP) by 8.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 126,861 shares of the local business review company’s stock after selling 11,100 shares during the quarter. California Public Employees Retirement System owned approximately 0.15% of Yelp worth $4,439,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds also recently modified their holdings of YELP. Vanguard Group Inc lifted its holdings in shares of Yelp by 0.6% during the 3rd quarter. Vanguard Group Inc now owns 6,889,974 shares of the local business review company’s stock valued at $338,987,000 after buying an additional 42,759 shares during the last quarter. Janus Henderson Group PLC lifted its holdings in shares of Yelp by 31.3% during the 3rd quarter. Janus Henderson Group PLC now owns 6,910 shares of the local business review company’s stock valued at $340,000 after buying an additional 1,646 shares during the last quarter. Macquarie Group Ltd. lifted its holdings in shares of Yelp by 15.3% during the 3rd quarter. Macquarie Group Ltd. now owns 1,274,593 shares of the local business review company’s stock valued at $62,710,000 after buying an additional 168,930 shares during the last quarter. Retirement Systems of Alabama acquired a new stake in shares of Yelp during the 4th quarter valued at about $8,297,000. Finally, Verition Fund Management LLC lifted its holdings in shares of Yelp by 149.7% during the 3rd quarter. Verition Fund Management LLC now owns 35,934 shares of the local business review company’s stock valued at $1,768,000 after buying an additional 21,545 shares during the last quarter. 94.35% of the stock is currently owned by hedge funds and other institutional investors.
In other news, insider Alan Ramsay sold 19,774 shares of the company’s stock in a transaction that occurred on Thursday, February 21st. The stock was sold at an average price of $38.27, for a total transaction of $756,750.98. Following the completion of the transaction, the insider now directly owns 33,750 shares in the company, valued at $1,291,612.50. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Geoffrey L. Donaker sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 18th. The stock was sold at an average price of $34.23, for a total value of $68,460.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 42,030 shares of company stock valued at $1,561,332. Corporate insiders own 9.00% of the company’s stock.
Several equities research analysts have recently issued reports on YELP shares. Needham & Company LLC assumed coverage on Yelp in a report on Tuesday, January 8th. They set a “hold” rating for the company. Goldman Sachs Group assumed coverage on Yelp in a report on Monday, February 4th. They issued a “buy” rating and a $42.00 target price for the company. Morgan Stanley lowered Yelp from an “equal weight” rating to an “underweight” rating and reduced their target price for the stock from $31.00 to $29.00 in a report on Thursday, January 10th. Zacks Investment Research restated a “hold” rating and issued a $48.00 target price on shares of Yelp in a report on Saturday, November 17th. Finally, ValuEngine upgraded Yelp from a “sell” rating to a “hold” rating in a report on Friday, February 8th. Three analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and eight have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $39.52.
Shares of YELP stock opened at $35.10 on Friday. Yelp Inc has a 12 month low of $29.33 and a 12 month high of $52.50. The company has a market cap of $2.88 billion, a PE ratio of 78.00, a price-to-earnings-growth ratio of 2.70 and a beta of 0.93.
Yelp (NYSE:YELP) last issued its quarterly earnings results on Wednesday, February 13th. The local business review company reported $0.20 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.07. Yelp had a return on equity of 3.67% and a net margin of 5.87%. The company had revenue of $243.70 million during the quarter, compared to analyst estimates of $241.11 million. During the same period in the previous year, the company earned $0.19 earnings per share. The company’s quarterly revenue was up 11.1% compared to the same quarter last year. Equities research analysts anticipate that Yelp Inc will post 0.7 EPS for the current year.
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Yelp Inc operates a platform that connects people 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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