Yelp Inc. (NYSE:YELP) is Capital Impact Advisors LLC’s 7th Largest Position

Capital Impact Advisors LLC lifted its position in Yelp Inc. (NYSE:YELP) by 42.9% in the 2nd quarter, Holdings Channel reports. The fund owned 23,869 shares of the local business review company’s stock after buying an additional 7,167 shares during the period. Yelp makes up approximately 2.5% of Capital Impact Advisors LLC’s investment portfolio, making the stock its 7th biggest holding. Capital Impact Advisors LLC’s holdings in Yelp were worth $882,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the company. Algert Global LLC lifted its position in shares of Yelp by 11.0% in the 2nd quarter. Algert Global LLC now owns 189,864 shares of the local business review company’s stock valued at $7,015,000 after acquiring an additional 18,786 shares in the last quarter. Susquehanna Fundamental Investments LLC purchased a new stake in shares of Yelp in the 2nd quarter valued at approximately $1,435,000. The Manufacturers Life Insurance Company lifted its position in shares of Yelp by 0.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 586,820 shares of the local business review company’s stock valued at $21,683,000 after acquiring an additional 4,547 shares in the last quarter. Millennium Management LLC lifted its position in shares of Yelp by 1,089.2% in the 2nd quarter. Millennium Management LLC now owns 188,371 shares of the local business review company’s stock valued at $6,960,000 after acquiring an additional 172,531 shares in the last quarter. Finally, Deerfield Management Company L.P. Series C purchased a new stake in shares of Yelp in the 2nd quarter valued at approximately $1,222,000. Hedge funds and other institutional investors own 90.11% of the company’s stock.

Yelp Stock Up 3.1 %

Shares of YELP opened at $34.91 on Monday. The company’s fifty day moving average is $34.50 and its 200-day moving average is $36.75. Yelp Inc. has a 12 month low of $32.56 and a 12 month high of $48.99. The firm has a market cap of $2.34 billion, a price-to-earnings ratio of 22.24, a price-to-earnings-growth ratio of 0.82 and a beta of 1.33.

Yelp (NYSE:YELP) last announced its quarterly earnings results on Thursday, August 8th. The local business review company reported $0.54 EPS for the quarter, topping the consensus estimate of $0.27 by $0.27. Yelp had a net margin of 10.01% and a return on equity of 18.71%. The company had revenue of $357.00 million for the quarter, compared to analyst estimates of $352.98 million. During the same quarter in the prior year, the business posted $0.21 EPS. Yelp’s quarterly revenue was up 5.9% on a year-over-year basis. As a group, research analysts predict that Yelp Inc. will post 1.65 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

Insider Transactions at Yelp

In other news, COO Joseph R. Nachman sold 7,000 shares of the stock in a transaction on Friday, July 5th. The shares were sold at an average price of $36.24, for a total transaction of $253,680.00. Following the transaction, the chief operating officer now owns 288,842 shares in the company, valued at approximately $10,467,634.08. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, COO Joseph R. Nachman sold 7,000 shares of the company’s stock in a transaction on Friday, July 5th. The shares were sold at an average price of $36.24, for a total transaction of $253,680.00. Following the completion of the sale, the chief operating officer now directly owns 288,842 shares of the company’s stock, valued at approximately $10,467,634.08. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CTO Sam Eaton sold 10,776 shares of the company’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $35.00, for a total transaction of $377,160.00. Following the sale, the chief technology officer now directly owns 145,171 shares of the company’s stock, valued at $5,080,985. The disclosure for this sale can be found here. Insiders have sold a total of 24,776 shares of company stock worth $863,590 in the last 90 days. 7.40% of the stock is owned by insiders.

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.