Victory Capital Management Inc. grew its holdings in Yelp Inc (NYSE:YELP) by 1.3% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 1,127,765 shares of the local business review company’s stock after buying an additional 14,145 shares during the quarter. Victory Capital Management Inc. owned approximately 1.35% of Yelp worth $44,186,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Natixis purchased a new stake in Yelp in the 1st quarter worth approximately $1,952,000. Soma Equity Partners LP lifted its holdings in Yelp by 5.4% in the 1st quarter. Soma Equity Partners LP now owns 2,200,000 shares of the local business review company’s stock worth $91,850,000 after buying an additional 113,000 shares during the period. Fine Capital Partners L.P. lifted its holdings in Yelp by 1.8% in the 1st quarter. Fine Capital Partners L.P. now owns 1,063,251 shares of the local business review company’s stock worth $44,391,000 after buying an additional 18,795 shares during the period. Summit Global Investments purchased a new stake in Yelp in the 1st quarter worth approximately $534,000. Finally, Lido Advisors LLC purchased a new stake in Yelp in the 1st quarter worth approximately $358,000. Institutional investors and hedge funds own 88.55% of the company’s stock.

YELP has been the subject of a number of research analyst reports. Zacks Investment Research cut Yelp from a “hold” rating to a “strong sell” rating in a research note on Saturday, April 14th. ValuEngine upgraded Yelp from a “sell” rating to a “hold” rating in a research note on Tuesday, May 1st. JPMorgan Chase & Co. raised their target price on Yelp from $51.00 to $53.00 and gave the company an “overweight” rating in a research note on Friday, May 11th. Aegis cut Yelp from a “buy” rating to a “hold” rating and lowered their target price for the company from $46.00 to $45.00 in a research note on Friday, May 11th. Finally, Credit Suisse Group raised their target price on Yelp from $55.00 to $60.00 and gave the company an “outperform” rating in a research note on Friday, May 11th. Four equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and ten have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $48.09.

In related news, Director Geoffrey L. Donaker sold 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 26th. The stock was sold at an average price of $40.18, for a total transaction of $160,720.00. Following the completion of the transaction, the director now owns 10,055 shares of the company’s stock, valued at approximately $404,009.90. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Geoffrey L. Donaker sold 6,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 22nd. The shares were sold at an average price of $45.68, for a total value of $274,080.00. Following the transaction, the director now directly owns 10,055 shares of the company’s stock, valued at approximately $459,312.40. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 166,500 shares of company stock valued at $6,942,385. 9.00% of the stock is owned by corporate insiders.

Yelp opened at $49.35 on Friday, Marketbeat Ratings reports. Yelp Inc has a twelve month low of $36.42 and a twelve month high of $51.33. The company has a market cap of $4.04 billion, a P/E ratio of 705.00, a P/E/G ratio of 7.07 and a beta of 0.96.

Yelp (NYSE:YELP) last posted its quarterly earnings data on Wednesday, August 8th. The local business review company reported $0.12 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.02) by $0.14. Yelp had a return on equity of 0.75% and a net margin of 17.64%. The company had revenue of $234.90 million during the quarter, compared to analyst estimates of $232.26 million. During the same quarter last year, the company earned $0.25 EPS. The firm’s revenue for the quarter was up 11.9% on a year-over-year basis. equities analysts forecast that Yelp Inc will post 0.16 earnings per share for the current year.

Yelp 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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