GSA Capital Partners LLP Has $278,000 Holdings in Yelp Inc (YELP)

GSA Capital Partners LLP lowered its stake in Yelp Inc (NYSE:YELP) by 48.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,648 shares of the local business review company’s stock after selling 6,354 shares during the quarter. GSA Capital Partners LLP’s holdings in Yelp were worth $278,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. UBS Asset Management Americas Inc. boosted its stake in Yelp by 7.1% in the 4th quarter. UBS Asset Management Americas Inc. now owns 55,469 shares of the local business review company’s stock worth $2,327,000 after purchasing an additional 3,654 shares during the period. Millennium Management LLC boosted its stake in Yelp by 75.4% in the 4th quarter. Millennium Management LLC now owns 510,262 shares of the local business review company’s stock worth $21,411,000 after purchasing an additional 219,296 shares during the period. Teacher Retirement System of Texas boosted its stake in Yelp by 321.6% in the 4th quarter. Teacher Retirement System of Texas now owns 26,592 shares of the local business review company’s stock worth $1,116,000 after purchasing an additional 20,284 shares during the period. American International Group Inc. boosted its stake in Yelp by 3.4% in the 4th quarter. American International Group Inc. now owns 53,842 shares of the local business review company’s stock worth $2,259,000 after purchasing an additional 1,747 shares during the period. Finally, Koch Industries Inc. boosted its stake in Yelp by 150.5% in the 4th quarter. Koch Industries Inc. now owns 14,802 shares of the local business review company’s stock worth $621,000 after purchasing an additional 8,893 shares during the period. Institutional investors and hedge funds own 87.67% of the company’s stock.

Several research analysts have commented on the company. JPMorgan Chase & Co. raised their target price on Yelp from $51.00 to $53.00 and gave the stock an “overweight” rating in a research note on Friday, May 11th. Wedbush restated a “neutral” rating on shares of Yelp in a research note on Wednesday, May 16th. Zacks Investment Research upgraded Yelp from a “sell” rating to a “hold” rating in a research note on Thursday, March 15th. B. Riley upgraded Yelp from a “neutral” rating to a “buy” rating and raised their target price for the stock from $42.00 to $58.00 in a research note on Friday, May 18th. Finally, ValuEngine upgraded Yelp from a “sell” rating to a “hold” rating in a research note on Tuesday, May 1st. Four analysts have rated the stock with a sell rating, thirteen have given a hold rating and twelve have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $45.60.

NYSE:YELP opened at $39.12 on Friday. Yelp Inc has a 1-year low of $29.30 and a 1-year high of $48.40. The company has a market capitalization of $3.32 billion, a P/E ratio of 558.86, a PEG ratio of 12.11 and a beta of 1.04.

Yelp (NYSE:YELP) last issued its quarterly earnings data on Thursday, May 10th. The local business review company reported ($0.03) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.02 by ($0.05). Yelp had a return on equity of 0.47% and a net margin of 17.80%. The business had revenue of $223.07 million for the quarter, compared to analysts’ expectations of $220.17 million. During the same period last year, the business earned $0.19 earnings per share. The company’s revenue for the quarter was up 12.6% on a year-over-year basis. analysts expect that Yelp Inc will post 0.13 earnings per share for the current fiscal year.

In other Yelp news, COO Joseph R. Nachman sold 14,500 shares of Yelp stock in a transaction that occurred on Friday, April 20th. The shares were sold at an average price of $44.50, for a total value of $645,250.00. Following the completion of the sale, the chief operating officer now directly owns 142,355 shares of the company’s stock, valued at approximately $6,334,797.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Jeremy Stoppelman sold 13,000 shares of Yelp stock in a transaction that occurred on Thursday, June 7th. The stock was sold at an average price of $41.88, for a total transaction of $544,440.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 144,500 shares of company stock valued at $6,254,515. Corporate insiders own 9.00% of the company’s stock.

Yelp Company Profile

Yelp Inc operates a platform that connects people with local businesses in the United States, Canada, and internationally. The company's platform covers various local business categories, including restaurants, shopping, beauty and fitness, arts, entertainment and events, home and local services, health, nightlife, travel and hotel, auto, and others.

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Institutional Ownership by Quarter for Yelp (NYSE:YELP)

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