Hussman Strategic Advisors Inc. held its position in shares of Yelp Inc. (NYSE:YELP) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 100,000 shares of the local business review company’s stock at the end of the second quarter. Hussman Strategic Advisors Inc. owned 0.12% of Yelp worth $3,002,000 at the end of the most recent reporting period.
A number of other institutional investors have also modified their holdings of YELP. Capital Fund Management S.A. increased its position in shares of Yelp by 852.6% in the first quarter. Capital Fund Management S.A. now owns 335,272 shares of the local business review company’s stock valued at $10,980,000 after buying an additional 300,076 shares during the period. Daiwa Securities Group Inc. increased its position in shares of Yelp by 192.1% in the first quarter. Daiwa Securities Group Inc. now owns 194,846 shares of the local business review company’s stock valued at $6,381,000 after buying an additional 128,131 shares during the period. Flinton Capital Management LLC acquired a new position in shares of Yelp during the first quarter valued at $205,000. Tyers Asset Management LLC acquired a new position in shares of Yelp during the first quarter valued at $169,000. Finally, Millie Capital Management LLC increased its position in shares of Yelp by 1.2% in the first quarter. Millie Capital Management LLC now owns 64,378 shares of the local business review company’s stock valued at $2,108,000 after buying an additional 775 shares during the period. Institutional investors own 94.79% of the company’s stock.
Shares of Yelp Inc. (NYSE:YELP) opened at 41.73 on Tuesday. Yelp Inc. has a 12 month low of $26.93 and a 12 month high of $43.41. The company’s 50 day moving average price is $31.06 and its 200-day moving average price is $33.37. The firm has a market capitalization of $3.36 billion, a P/E ratio of 563.92 and a beta of 1.48.
Yelp (NYSE:YELP) last released its earnings results on Thursday, August 3rd. The local business review company reported $0.09 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.03) by $0.12. Yelp had a return on equity of 1.64% and a net margin of 1.67%. The firm had revenue of $209.90 million for the quarter, compared to the consensus estimate of $204.89 million. During the same period in the prior year, the business posted $0.16 earnings per share. The firm’s revenue for the quarter was up 21.0% compared to the same quarter last year. On average, equities analysts predict that Yelp Inc. will post $0.06 earnings per share for the current fiscal year.
Yelp announced that its board has initiated a share repurchase plan on Thursday, August 3rd that authorizes the company to repurchase $200.00 million in shares. This repurchase authorization authorizes the local business review company to buy up to 7.9% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board believes its shares are undervalued.
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Several equities analysts recently weighed in on the stock. Stifel Nicolaus set a $35.00 price target on shares of Yelp and gave the stock a “hold” rating in a report on Friday. Piper Jaffray Companies reiterated a “hold” rating and issued a $37.00 price target on shares of Yelp in a report on Friday. Vetr downgraded shares of Yelp from a “buy” rating to a “hold” rating and set a $36.94 price target on the stock. in a report on Thursday, April 27th. Cantor Fitzgerald reiterated a “buy” rating and issued a $46.00 price target on shares of Yelp in a report on Friday, May 5th. Finally, Wells Fargo & Company upgraded shares of Yelp from an “underperform” rating to a “market perform” rating and set a $27.00 price target on the stock in a report on Friday, May 5th. Three analysts have rated the stock with a sell rating, sixteen have given a hold rating and eighteen have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $37.25.
In other Yelp news, Director Geoffrey L. Donaker sold 4,000 shares of the company’s stock in a transaction dated Tuesday, June 20th. The stock was sold at an average price of $30.27, for a total transaction of $121,080.00. Following the completion of the sale, the director now directly owns 9,590 shares in the company, valued at $290,289.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Charles Baker sold 12,176 shares of the company’s stock in a transaction dated Tuesday, May 23rd. The stock was sold at an average price of $28.23, for a total value of $343,728.48. Following the sale, the chief financial officer now owns 116,862 shares of the company’s stock, valued at $3,299,014.26. The disclosure for this sale can be found here. Insiders have sold 48,251 shares of company stock worth $1,392,310 over the last quarter. 10.10% of the stock is currently owned by company insiders.
Yelp Inc (Yelp) connects people with local businesses by bringing ‘word of mouth’ online and providing a platform for businesses and consumers to engage and transact. The Company offers local business review sites. Yelp provides a platform for consumers to share their everyday local business experiences with other consumers by posting reviews, tips, photos and videos, and to engage directly with businesses, through reviews, its Request-A-Quote and Message the Business features, and by completing transactions on the Yelp Platform.
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