Tredje AP fonden Buys Shares of 19,091 Yelp Inc. (NYSE:YELP)

Tredje AP fonden purchased a new position in shares of Yelp Inc. (NYSE:YELP) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 19,091 shares of the local business review company’s stock, valued at approximately $705,000.

A number of other institutional investors also recently bought and sold shares of the company. Vanguard Personalized Indexing Management LLC grew its holdings in Yelp by 24.6% during the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 6,088 shares of the local business review company’s stock valued at $288,000 after buying an additional 1,201 shares during the last quarter. Norges Bank purchased a new stake in Yelp during the 4th quarter worth about $20,718,000. US Bancorp DE raised its stake in Yelp by 3,970.7% in the 4th quarter. US Bancorp DE now owns 18,074 shares of the local business review company’s stock valued at $856,000 after purchasing an additional 17,630 shares during the last quarter. AXS Investments LLC purchased a new position in Yelp in the 4th quarter valued at about $947,000. Finally, Hsbc Holdings PLC boosted its stake in shares of Yelp by 80.0% during the 4th quarter. Hsbc Holdings PLC now owns 35,572 shares of the local business review company’s stock worth $1,685,000 after purchasing an additional 15,809 shares during the last quarter. 90.11% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Yelp

In other news, COO Joseph R. Nachman sold 7,000 shares of Yelp stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $33.25, for a total value of $232,750.00. Following the completion of the transaction, the chief operating officer now owns 281,842 shares in the company, valued at approximately $9,371,246.50. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Yelp news, CTO Sam Eaton sold 10,776 shares of Yelp stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $35.00, for a total value of $377,160.00. Following the completion of the transaction, the chief technology officer now directly owns 145,171 shares in the company, valued at $5,080,985. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, COO Joseph R. Nachman sold 7,000 shares of the stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $33.25, for a total value of $232,750.00. Following the sale, the chief operating officer now owns 281,842 shares in the company, valued at $9,371,246.50. The disclosure for this sale can be found here. Insiders sold a total of 24,776 shares of company stock valued at $863,590 over the last three months. 7.40% of the stock is owned by insiders.

Yelp Stock Down 0.3 %

Shares of NYSE:YELP opened at $34.28 on Friday. Yelp Inc. has a 52-week low of $32.56 and a 52-week high of $48.99. The company has a market capitalization of $2.29 billion, a price-to-earnings ratio of 21.83 and a beta of 1.33. The company has a 50 day moving average of $34.79 and a two-hundred day moving average of $36.90.

Yelp (NYSE:YELP) last issued its quarterly earnings results on Thursday, August 8th. The local business review company reported $0.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.27. The business had revenue of $357.00 million during the quarter, compared to analyst estimates of $352.98 million. Yelp had a net margin of 10.01% and a return on equity of 18.71%. The business’s revenue was up 5.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.21 earnings per share. On average, equities analysts anticipate that Yelp Inc. will post 1.65 earnings per share for the current year.

Wall Street Analysts Forecast Growth

YELP has been the subject of a number of analyst reports. StockNews.com lowered shares of Yelp from a “strong-buy” rating to a “buy” rating in a research report on Monday, August 12th. Morgan Stanley increased their price target on Yelp from $32.00 to $34.00 and gave the stock an “underweight” rating in a research note on Tuesday, July 23rd. Wolfe Research initiated coverage on Yelp in a report on Tuesday, July 16th. They set a “peer perform” rating on the stock. JPMorgan Chase & Co. dropped their target price on Yelp from $38.00 to $35.00 and set a “neutral” rating for the company in a research note on Monday, August 12th. Finally, Bank of America initiated coverage on Yelp in a research note on Monday, September 16th. They issued an “underperform” rating and a $30.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $37.20.

Yelp Company Profile

Yelp Inc operates a platform that connects consumers with local businesses in the United States and internationally. The company's platform covers various 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.