Victory Capital Management Inc. Has $631,000 Stock Position in Yelp Inc. (NYSE:YELP)

Victory Capital Management Inc. grew its holdings in shares of Yelp Inc. (NYSE:YELP) by 60.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,952 shares of the local business review company’s stock after buying an additional 6,387 shares during the quarter. Victory Capital Management Inc.’s holdings in Yelp were worth $631,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of YELP. Sei Investments Co. grew its holdings in shares of Yelp by 579.1% during the second quarter. Sei Investments Co. now owns 36,628 shares of the local business review company’s stock valued at $1,463,000 after buying an additional 31,234 shares during the last quarter. Nisa Investment Advisors LLC grew its holdings in shares of Yelp by 20.3% during the second quarter. Nisa Investment Advisors LLC now owns 3,910 shares of the local business review company’s stock valued at $156,000 after buying an additional 660 shares during the last quarter. Rockefeller Capital Management L.P. lifted its position in shares of Yelp by 5.9% during the second quarter. Rockefeller Capital Management L.P. now owns 38,303 shares of the local business review company’s stock valued at $1,530,000 after purchasing an additional 2,125 shares in the last quarter. State Board of Administration of Florida Retirement System lifted its position in shares of Yelp by 0.8% during the second quarter. State Board of Administration of Florida Retirement System now owns 35,460 shares of the local business review company’s stock valued at $1,417,000 after purchasing an additional 298 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its position in shares of Yelp by 1.2% during the second quarter. Principal Financial Group Inc. now owns 249,282 shares of the local business review company’s stock valued at $9,962,000 after purchasing an additional 3,074 shares in the last quarter. Hedge funds and other institutional investors own 88.51% of the company’s stock.

YELP has been the topic of a number of recent analyst reports. Credit Suisse Group dropped their price target on shares of Yelp from $53.00 to $51.00 and set an “outperform” rating on the stock in a research report on Friday, November 5th. Zacks Investment Research lowered shares of Yelp from a “strong-buy” rating to a “hold” rating and set a $38.00 price target on the stock. in a research report on Thursday. Barclays raised their price target on shares of Yelp from $31.00 to $32.00 and gave the company an “underweight” rating in a research report on Friday, November 5th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Yelp from $44.00 to $40.00 and set a “neutral” rating on the stock in a research report on Wednesday, December 15th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, Yelp presently has a consensus rating of “Hold” and a consensus price target of $39.69.

In related news, CTO Sam Eaton sold 4,169 shares of the business’s stock in a transaction that occurred on Monday, November 22nd. The shares were sold at an average price of $36.65, for a total transaction of $152,793.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Vivek Patel sold 6,090 shares of the business’s stock in a transaction that occurred on Tuesday, November 23rd. The shares were sold at an average price of $36.12, for a total transaction of $219,970.80. The disclosure for this sale can be found here. 9.50% of the stock is owned by company insiders.

Shares of YELP stock opened at $35.60 on Friday. The firm has a market cap of $2.60 billion, a price-to-earnings ratio of 75.74 and a beta of 1.76. Yelp Inc. has a 52 week low of $30.53 and a 52 week high of $43.86. The firm’s 50-day simple moving average is $36.40 and its two-hundred day simple moving average is $37.65.

Yelp (NYSE:YELP) last announced its quarterly earnings data on Thursday, November 4th. The local business review company reported $0.23 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.24. The business had revenue of $269.20 million for the quarter, compared to analyst estimates of $261.87 million. Yelp had a net margin of 3.79% and a return on equity of 4.60%. The company’s revenue for the quarter was up 21.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.01) earnings per share. As a group, analysts expect that Yelp Inc. will post 0.39 earnings per share for the current year.

About Yelp

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.

See Also: What is a Roth IRA?

Want to see what other hedge funds are holding YELP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Yelp Inc. (NYSE:YELP).

Institutional Ownership by Quarter for Yelp (NYSE:YELP)

Receive News & Ratings for Yelp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Yelp and related companies with MarketBeat.com's FREE daily email newsletter.