Commerzbank Aktiengesellschaft FI Invests $204,000 in Yelp Inc (YELP)
Commerzbank Aktiengesellschaft FI acquired a new position in shares of Yelp Inc (NYSE:YELP) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 4,706 shares of the local business review company’s stock, valued at approximately $204,000.
Several other large investors also recently modified their holdings of YELP. Strs Ohio acquired a new stake in shares of Yelp during the second quarter worth $108,000. Russell Investments Group Ltd. raised its holdings in shares of Yelp by 98.8% during the second quarter. Russell Investments Group Ltd. now owns 4,091 shares of the local business review company’s stock worth $123,000 after acquiring an additional 2,033 shares during the period. Ameritas Investment Partners Inc. acquired a new stake in shares of Yelp during the second quarter worth $205,000. ProShare Advisors LLC acquired a new stake in shares of Yelp during the second quarter worth $215,000. Finally, Turner Investments LLC acquired a new stake in shares of Yelp during the third quarter worth $217,000. Institutional investors and hedge funds own 85.75% of the company’s stock.
A number of equities research analysts recently commented on YELP shares. Zacks Investment Research lowered shares of Yelp from a “buy” rating to a “hold” rating in a report on Thursday, November 16th. SunTrust Banks set a $51.00 price objective on shares of Yelp and gave the stock a “buy” rating in a report on Friday, October 27th. Goldman Sachs Group restated a “neutral” rating and set a $42.00 price objective on shares of Yelp in a report on Wednesday, October 11th. Cantor Fitzgerald lowered shares of Yelp from an “overweight” rating to a “neutral” rating and dropped their price objective for the stock from $46.73 to $44.00 in a report on Monday, October 9th. Finally, KeyCorp reiterated a “buy” rating and issued a $54.00 price target on shares of Yelp in a research note on Tuesday, October 17th. Three analysts have rated the stock with a sell rating, seventeen have issued a hold rating and twenty have issued a buy rating to the stock. Yelp has an average rating of “Hold” and an average target price of $43.51.
Shares of Yelp Inc (NYSE:YELP) traded up $0.25 on Wednesday, hitting $41.50. 1,158,000 shares of the stock were exchanged, compared to its average volume of 2,466,214. Yelp Inc has a 52 week low of $26.93 and a 52 week high of $48.40. The company has a market cap of $3,419.17, a P/E ratio of 187.50, a PEG ratio of 8.89 and a beta of 1.22.
Yelp (NYSE:YELP) last announced its quarterly earnings data on Wednesday, November 1st. The local business review company reported $0.29 EPS for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.30. Yelp had a net margin of 2.31% and a return on equity of 2.20%. The company had revenue of $222.40 million during the quarter, compared to the consensus estimate of $220.75 million. During the same quarter last year, the firm posted $0.22 EPS. The company’s quarterly revenue was up 19.4% on a year-over-year basis. equities research analysts forecast that Yelp Inc will post 0.17 earnings per share for the current year.
In related news, Director Geoffrey L. Donaker sold 6,000 shares of Yelp stock in a transaction dated Tuesday, December 5th. The shares were sold at an average price of $42.95, for a total transaction of $257,700.00. Following the completion of the sale, the director now owns 9,590 shares of the company’s stock, valued at approximately $411,890.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Jeremy Stoppelman sold 13,000 shares of Yelp stock in a transaction dated Thursday, September 21st. The stock was sold at an average price of $43.49, for a total transaction of $565,370.00. The disclosure for this sale can be found here. In the last three months, insiders sold 320,956 shares of company stock valued at $14,413,658. Insiders own 10.10% of the company’s stock.
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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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