Squarepoint Ops LLC raised its holdings in Yelp Inc (NYSE:YELP) by 47.0% in the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 168,634 shares of the local business review company’s stock after buying an additional 53,881 shares during the quarter. Squarepoint Ops LLC owned about 0.24% of Yelp worth $5,860,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also modified their holdings of the company. Public Employees Retirement System of Ohio lifted its stake in shares of Yelp by 48.3% during the third quarter. Public Employees Retirement System of Ohio now owns 1,157 shares of the local business review company’s stock worth $40,000 after buying an additional 377 shares during the period. Meeder Asset Management Inc. raised its stake in Yelp by 271.5% in the 2nd quarter. Meeder Asset Management Inc. now owns 1,371 shares of the local business review company’s stock worth $47,000 after acquiring an additional 1,002 shares during the last quarter. Tower Research Capital LLC TRC raised its stake in Yelp by 379.9% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,603 shares of the local business review company’s stock worth $55,000 after acquiring an additional 1,269 shares during the last quarter. Steward Partners Investment Advisory LLC purchased a new position in Yelp in the 2nd quarter worth $78,000. Finally, Ladenburg Thalmann Financial Services Inc. lifted its position in Yelp by 89.0% during the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,663 shares of the local business review company’s stock worth $91,000 after acquiring an additional 1,254 shares during the period. 88.68% of the stock is owned by institutional investors and hedge funds.
YELP has been the topic of several research analyst reports. Wedbush set a $38.00 price target on Yelp and gave the company a “hold” rating in a research note on Friday, September 27th. Needham & Company LLC restated a “hold” rating on shares of Yelp in a research note on Wednesday, November 20th. Credit Suisse Group restated an “outperform” rating and issued a $46.00 price objective (up from $45.00) on shares of Yelp in a research note on Friday, August 9th. Oppenheimer reaffirmed a “hold” rating on shares of Yelp in a report on Friday, August 9th. Finally, SunTrust Banks set a $37.00 target price on Yelp and gave the company a “hold” rating in a research report on Sunday, November 3rd. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $39.78.
Shares of YELP opened at $33.47 on Tuesday. The business’s 50-day moving average is $34.25 and its two-hundred day moving average is $33.86. The company has a market capitalization of $2.40 billion, a P/E ratio of 74.38, a P/E/G ratio of 3.00 and a beta of 1.02. The company has a debt-to-equity ratio of 0.26, a quick ratio of 3.67 and a current ratio of 3.67. Yelp Inc has a fifty-two week low of $30.12 and a fifty-two week high of $40.99.
Yelp Company Profile
Yelp Inc operates a platform that connects consumers 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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