AlphaCrest Capital Management LLC Has $1.24 Million Position in Yelp Inc. (NYSE:YELP)

AlphaCrest Capital Management LLC grew its holdings in shares of Yelp Inc. (NYSE:YELPGet Rating) by 31.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 34,108 shares of the local business review company’s stock after acquiring an additional 8,241 shares during the period. AlphaCrest Capital Management LLC’s holdings in Yelp were worth $1,236,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. US Bancorp DE grew its stake in shares of Yelp by 63.0% in the 3rd quarter. US Bancorp DE now owns 1,213 shares of the local business review company’s stock valued at $46,000 after buying an additional 469 shares during the period. KBC Group NV acquired a new stake in shares of Yelp in the 4th quarter valued at about $79,000. Daiwa Securities Group Inc. grew its stake in shares of Yelp by 47.3% in the 4th quarter. Daiwa Securities Group Inc. now owns 2,471 shares of the local business review company’s stock valued at $90,000 after buying an additional 794 shares during the period. Nisa Investment Advisors LLC boosted its stake in Yelp by 12.3% during the 4th quarter. Nisa Investment Advisors LLC now owns 4,390 shares of the local business review company’s stock valued at $152,000 after purchasing an additional 480 shares during the last quarter. Finally, Radnor Capital Management LLC acquired a new position in Yelp during the 4th quarter valued at about $205,000. Institutional investors own 88.33% of the company’s stock.

In related news, CTO Sam Eaton sold 6,679 shares of Yelp stock in a transaction that occurred on Tuesday, February 22nd. The shares were sold at an average price of $34.76, for a total value of $232,162.04. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, COO Joseph R. Nachman sold 6,000 shares of Yelp stock in a transaction that occurred on Thursday, April 21st. The stock was sold at an average price of $34.81, for a total transaction of $208,860.00. Following the completion of the sale, the chief operating officer now directly owns 342,102 shares in the company, valued at approximately $11,908,570.62. The disclosure for this sale can be found here. Insiders sold a total of 46,679 shares of company stock worth $1,604,162 in the last ninety days. 9.50% of the stock is currently owned by insiders.

YELP has been the subject of a number of analyst reports. Wells Fargo & Company cut their price target on Yelp from $40.00 to $35.00 in a research note on Monday, May 9th. BMO Capital Markets cut their price target on Yelp from $42.00 to $37.00 in a research note on Tuesday. StockNews.com upgraded Yelp from a “buy” rating to a “strong-buy” rating in a research note on Friday, May 6th. Finally, Zacks Investment Research downgraded Yelp from a “hold” rating to a “sell” rating and set a $32.00 price target for the company. in a research note on Monday, May 9th. Three equities research analysts have rated the stock with a sell rating, one has assigned a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $37.14.

Yelp stock opened at $29.58 on Friday. Yelp Inc. has a 52 week low of $27.95 and a 52 week high of $43.28. The company’s 50 day moving average price is $33.32 and its two-hundred day moving average price is $34.89. The stock has a market cap of $2.10 billion, a P/E ratio of 51.89 and a beta of 1.66.

Yelp (NYSE:YELPGet Rating) last posted its earnings results on Thursday, May 5th. The local business review company reported ($0.01) EPS for the quarter, topping the consensus estimate of ($0.09) by $0.08. Yelp had a net margin of 4.14% and a return on equity of 5.82%. The firm had revenue of $276.60 million for the quarter, compared to analysts’ expectations of $266.60 million. During the same quarter last year, the firm earned ($0.08) EPS. The company’s quarterly revenue was up 19.2% compared to the same quarter last year. As a group, sell-side analysts expect that Yelp Inc. will post 1 EPS for the current fiscal year.

Yelp Profile (Get Rating)

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

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Institutional Ownership by Quarter for Yelp (NYSE:YELP)

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