Hsbc Holdings PLC Has $265,000 Stock Position in Yelp Inc. $YELP

Hsbc Holdings PLC lowered its position in Yelp Inc. (NYSE:YELP) by 73.7% during the 1st quarter, Holdings Channel reports. The fund owned 10,683 shares of the local business review company’s stock after selling 29,950 shares during the period. Hsbc Holdings PLC’s holdings in Yelp were worth $265,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in YELP. California State Teachers Retirement System increased its holdings in shares of Yelp by 0.7% during the second quarter. California State Teachers Retirement System now owns 58,298 shares of the local business review company’s stock valued at $1,998,000 after acquiring an additional 393 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of Yelp by 6.0% in the 4th quarter. PNC Financial Services Group Inc. now owns 7,204 shares of the local business review company’s stock worth $219,000 after purchasing an additional 408 shares in the last quarter. CIBC Private Wealth Group LLC grew its position in Yelp by 100.0% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 892 shares of the local business review company’s stock valued at $28,000 after purchasing an additional 446 shares during the period. Corient Private Wealth LLC grew its position in Yelp by 5.9% in the 4th quarter. Corient Private Wealth LLC now owns 8,302 shares of the local business review company’s stock valued at $252,000 after purchasing an additional 464 shares during the period. Finally, Fifth Third Bancorp grew its position in Yelp by 70.4% in the 4th quarter. Fifth Third Bancorp now owns 1,159 shares of the local business review company’s stock valued at $35,000 after purchasing an additional 479 shares during the period. Institutional investors and hedge funds own 90.11% of the company’s stock.

Yelp Trading Up 0.2%

NYSE YELP opened at $26.48 on Monday. The firm has a market capitalization of $1.46 billion, a P/E ratio of 12.09, a PEG ratio of 2.83 and a beta of 0.45. The business has a fifty day simple moving average of $24.57 and a 200 day simple moving average of $24.93. Yelp Inc. has a 12 month low of $19.60 and a 12 month high of $35.26. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 0.21.

Yelp (NYSE:YELP) last issued its quarterly earnings data on Thursday, May 7th. The local business review company reported $0.30 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.04. The business had revenue of $361.46 million for the quarter, compared to analysts’ expectations of $353.47 million. Yelp had a return on equity of 20.19% and a net margin of 9.47%.The business’s revenue was up .8% on a year-over-year basis. During the same period last year, the business earned $0.36 EPS. On average, analysts predict that Yelp Inc. will post 1.85 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

YELP has been the topic of several research reports. Morgan Stanley lowered their price objective on shares of Yelp from $28.00 to $24.00 and set an “underweight” rating on the stock in a report on Friday, May 15th. Robert W. Baird set a $28.00 price objective on shares of Yelp in a report on Friday, May 8th. JPMorgan Chase & Co. boosted their target price on shares of Yelp from $22.00 to $26.00 and gave the stock a “neutral” rating in a research report on Friday, May 8th. Zacks Research upgraded shares of Yelp from a “strong sell” rating to a “hold” rating in a report on Thursday, May 14th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Yelp in a report on Monday, May 11th. One analyst has rated the stock with a Buy rating, four have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Reduce” and an average price target of $27.88.

Insider Activity at Yelp

In related news, Director Christine Barone sold 15,507 shares of the firm’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $22.95, for a total transaction of $355,885.65. Following the transaction, the director directly owned 15,928 shares of the company’s stock, valued at $365,547.60. This trade represents a 49.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 17,507 shares of company stock valued at $402,481 in the last three months. Corporate insiders own 8.30% of the company’s stock.

About Yelp

Yelp is a digital platform that connects consumers with local businesses through user-generated reviews, ratings and multimedia content. The company’s flagship offerings include the Yelp website and mobile applications for iOS and Android, where users can search for and discover restaurants, shops, service providers and other points of interest. In addition to crowd-sourced reviews and photographs, Yelp provides business profile pages featuring hours, contact information, menus and direct messaging capabilities.

Yelp generates revenue primarily through advertising services sold to small and medium-sized enterprises.