SG Americas Securities LLC Buys 39,838 Shares of Yelp Inc. $YELP

SG Americas Securities LLC grew its holdings in shares of Yelp Inc. (NYSE:YELP) by 858.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 44,476 shares of the local business review company’s stock after buying an additional 39,838 shares during the period. SG Americas Securities LLC’s holdings in Yelp were worth $1,352,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Bfsg LLC boosted its holdings in shares of Yelp by 110.3% during the 3rd quarter. Bfsg LLC now owns 839 shares of the local business review company’s stock valued at $26,000 after buying an additional 440 shares in the last quarter. CIBC Private Wealth Group LLC boosted its holdings in shares of Yelp by 100.0% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 892 shares of the local business review company’s stock valued at $28,000 after buying an additional 446 shares in the last quarter. Strs Ohio bought a new stake in shares of Yelp during the 1st quarter valued at $56,000. Hudson Bay Capital Management LP bought a new stake in shares of Yelp during the 3rd quarter valued at $55,000. Finally, Virtus Advisers LLC bought a new stake in shares of Yelp during the 3rd quarter valued at $84,000. Institutional investors own 90.11% of the company’s stock.

Insider Transactions at Yelp

In other Yelp news, CFO David A. Schwarzbach sold 10,000 shares of the business’s stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of $25.00, for a total value of $250,000.00. Following the completion of the transaction, the chief financial officer owned 227,959 shares of the company’s stock, valued at approximately $5,698,975. The trade was a 4.20% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Jeremy Stoppelman sold 30,000 shares of the business’s stock in a transaction dated Friday, January 30th. The stock was sold at an average price of $27.26, for a total value of $817,800.00. Following the completion of the transaction, the chief executive officer directly owned 756,458 shares of the company’s stock, valued at approximately $20,621,045.08. This trade represents a 3.81% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 238,764 shares of company stock valued at $6,475,093. 8.00% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the stock. Wall Street Zen cut shares of Yelp from a “buy” rating to a “hold” rating in a report on Saturday, February 14th. UBS Group set a $28.00 target price on shares of Yelp in a report on Tuesday, January 13th. Jefferies Financial Group boosted their target price on shares of Yelp from $31.00 to $32.00 and gave the company a “hold” rating in a report on Thursday, December 11th. JPMorgan Chase & Co. dropped their target price on shares of Yelp from $30.00 to $22.00 and set a “neutral” rating on the stock in a report on Tuesday, February 17th. Finally, Zacks Research cut shares of Yelp from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 17th. One equities research analyst has rated the stock with a Buy rating, four have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Reduce” and an average target price of $28.50.

Yelp Stock Performance

Shares of NYSE:YELP opened at $25.57 on Wednesday. Yelp Inc. has a fifty-two week low of $19.60 and a fifty-two week high of $41.22. The business has a 50-day simple moving average of $23.87 and a two-hundred day simple moving average of $28.19. The firm has a market cap of $1.52 billion, a price-to-earnings ratio of 11.36, a price-to-earnings-growth ratio of 0.63 and a beta of 0.47.

Yelp (NYSE:YELP) last issued its earnings results on Thursday, February 12th. The local business review company reported $0.61 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.14. Yelp had a return on equity of 19.96% and a net margin of 9.94%.The business had revenue of $359.99 million during the quarter, compared to analyst estimates of $358.70 million. During the same quarter in the previous year, the firm earned $0.62 EPS. Yelp’s revenue was down .5% on a year-over-year basis. As a group, research analysts predict that Yelp Inc. will post 2.22 earnings per share for the current year.

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.