Integrated Quantitative Investments LLC Raises Stock Position in Yelp Inc. $YELP

Integrated Quantitative Investments LLC lifted its holdings in Yelp Inc. (NYSE:YELP) by 87.1% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 54,854 shares of the local business review company’s stock after buying an additional 25,537 shares during the period. Integrated Quantitative Investments LLC owned about 0.09% of Yelp worth $1,711,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. LSV Asset Management increased its stake in Yelp by 14.8% during the third quarter. LSV Asset Management now owns 2,402,938 shares of the local business review company’s stock worth $74,972,000 after acquiring an additional 309,173 shares during the last quarter. Acadian Asset Management LLC increased its position in shares of Yelp by 4.2% during the 2nd quarter. Acadian Asset Management LLC now owns 2,359,112 shares of the local business review company’s stock valued at $80,827,000 after purchasing an additional 95,933 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in Yelp by 4.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,070,236 shares of the local business review company’s stock valued at $64,592,000 after buying an additional 88,860 shares during the period. Ameriprise Financial Inc. lifted its position in Yelp by 7.0% in the second quarter. Ameriprise Financial Inc. now owns 1,501,764 shares of the local business review company’s stock worth $51,458,000 after buying an additional 98,303 shares during the last quarter. Finally, Allianz Asset Management GmbH boosted its stake in Yelp by 35.4% during the third quarter. Allianz Asset Management GmbH now owns 925,898 shares of the local business review company’s stock worth $28,888,000 after buying an additional 241,963 shares during the period. Institutional investors own 90.11% of the company’s stock.

Yelp Stock Up 2.4%

NYSE YELP opened at $23.73 on Thursday. The firm has a market cap of $1.46 billion, a P/E ratio of 10.55, a P/E/G ratio of 0.57 and a beta of 0.56. Yelp Inc. has a 52-week low of $19.60 and a 52-week high of $41.22. The business’s 50-day moving average price is $26.25 and its 200 day moving average price is $29.39.

Yelp (NYSE:YELP) last announced its quarterly earnings data on Thursday, February 12th. The local business review company reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.14. The company had revenue of $359.99 million for the quarter, compared to analysts’ expectations of $358.70 million. Yelp had a net margin of 9.94% and a return on equity of 19.96%. Yelp’s revenue was down .5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.62 EPS. As a group, analysts anticipate that Yelp Inc. will post 2.22 earnings per share for the current year.

Insider Activity

In related news, insider Craig Saldanha sold 1,200 shares of the company’s stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $21.78, for a total value of $26,136.00. Following the sale, the insider owned 253,134 shares of the company’s stock, valued at approximately $5,513,258.52. This represents a 0.47% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Jeremy Stoppelman sold 6,200 shares of the company’s stock in a transaction on Thursday, February 5th. The shares were sold at an average price of $24.20, for a total value of $150,040.00. Following the completion of the sale, the chief executive officer owned 964,827 shares in the company, valued at $23,348,813.40. This represents a 0.64% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 236,264 shares of company stock worth $6,501,015. Company insiders own 8.00% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on YELP shares. Zacks Research lowered shares of Yelp from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 17th. Weiss Ratings lowered shares of Yelp from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, February 11th. Evercore dropped their target price on Yelp from $45.00 to $38.00 and set an “outperform” rating for the company in a research report on Monday, November 10th. Wall Street Zen cut Yelp from a “buy” rating to a “hold” rating in a research note on Saturday, February 14th. Finally, The Goldman Sachs Group decreased their price target on Yelp from $33.00 to $25.00 and set a “neutral” rating for the company in a research note on Tuesday, February 17th. One research analyst has rated the stock with a Buy rating, four have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, Yelp presently has an average rating of “Reduce” and a consensus price target of $28.50.

Yelp Company Profile

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.