QS Investors LLC Has $3.25 Million Stock Holdings in Yelp Inc. (NYSE:YELP)

QS Investors LLC grew its position in Yelp Inc. (NYSE:YELP) by 5.1% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 81,352 shares of the local business review company’s stock after buying an additional 3,937 shares during the period. QS Investors LLC owned approximately 0.11% of Yelp worth $3,251,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Bank of Montreal Can lifted its position in Yelp by 4,784.9% in the 2nd quarter. Bank of Montreal Can now owns 392,161 shares of the local business review company’s stock valued at $15,993,000 after acquiring an additional 384,133 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in Yelp by 54.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 493,462 shares of the local business review company’s stock valued at $19,245,000 after acquiring an additional 173,899 shares in the last quarter. Islet Management LP lifted its position in Yelp by 32.5% in the 1st quarter. Islet Management LP now owns 596,400 shares of the local business review company’s stock valued at $23,260,000 after acquiring an additional 146,400 shares in the last quarter. Nuveen Asset Management LLC lifted its position in Yelp by 18.8% in the 1st quarter. Nuveen Asset Management LLC now owns 897,923 shares of the local business review company’s stock valued at $35,018,000 after acquiring an additional 141,923 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its position in Yelp by 17.7% in the 1st quarter. JPMorgan Chase & Co. now owns 850,117 shares of the local business review company’s stock valued at $33,155,000 after acquiring an additional 128,099 shares in the last quarter. 89.36% of the stock is owned by institutional investors.

YELP has been the topic of several analyst reports. Zacks Investment Research cut shares of Yelp from a “buy” rating to a “hold” rating and set a $41.00 price target on the stock. in a research report on Thursday, August 12th. Credit Suisse Group upped their target price on shares of Yelp from $43.00 to $53.00 and gave the company an “outperform” rating in a report on Friday, August 6th. Morgan Stanley reaffirmed a “sell” rating and issued a $33.00 target price on shares of Yelp in a report on Wednesday, July 14th. Finally, Barclays upped their target price on shares of Yelp from $30.00 to $31.00 and gave the company an “underweight” rating in a report on Friday, August 6th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $36.56.

Shares of NYSE:YELP opened at $38.09 on Thursday. The company has a market cap of $2.80 billion, a price-to-earnings ratio of 165.61 and a beta of 1.87. The firm has a 50 day simple moving average of $37.88 and a 200 day simple moving average of $38.79. Yelp Inc. has a one year low of $18.93 and a one year high of $43.86.

Yelp (NYSE:YELP) last issued its quarterly earnings data on Thursday, August 5th. The local business review company reported $0.05 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.08) by $0.13. The business had revenue of $257.19 million during the quarter, compared to the consensus estimate of $246.37 million. Yelp had a net margin of 1.96% and a return on equity of 2.24%. As a group, equities analysts predict that Yelp Inc. will post 0.08 earnings per share for the current fiscal year.

In other Yelp news, CTO Sam Eaton sold 4,085 shares of the firm’s stock in a transaction on Thursday, September 16th. The shares were sold at an average price of $36.14, for a total value of $147,631.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Miriam Warren sold 2,535 shares of Yelp stock in a transaction dated Monday, August 23rd. The shares were sold at an average price of $37.09, for a total transaction of $94,023.15. The disclosure for this sale can be found here. Corporate insiders own 9.50% of the company’s stock.

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.

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Institutional Ownership by Quarter for Yelp (NYSE:YELP)

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