Hsbc Holdings PLC Has $2.60 Million Stock Holdings in Yelp Inc. $YELP

Key Points

• Hsbc Holdings PLC increased its stake in Yelp Inc. by 71.0%, owning approximately $2.60 million worth of shares by the end of the first quarter.
• Yelp recently reported earnings of $0.67 per share, exceeding analysts' estimates, and its revenue grew 3.7% year-over-year to $370.39 million.
• Major institutional investors now control 90.11% of Yelp's stock, indicating significant investment interest in the company amid recent performance fluctuations.

Hsbc Holdings PLC lifted its holdings in shares of Yelp Inc. (NYSE:YELP - Free Report) by 71.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 70,409 shares of the local business review company's stock after buying an additional 29,232 shares during the period. Hsbc Holdings PLC owned about 0.11% of Yelp worth $2,595,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Farther Finance Advisors LLC boosted its stake in shares of Yelp by 307.4% during the 1st quarter. Farther Finance Advisors LLC now owns 1,096 shares of the local business review company's stock worth $42,000 after buying an additional 827 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich acquired a new position in shares of Yelp during the 1st quarter worth about $52,000. McIlrath & Eck LLC acquired a new position in shares of Yelp during the 4th quarter worth about $63,000. Fifth Third Bancorp boosted its stake in shares of Yelp by 57.7% during the 1st quarter. Fifth Third Bancorp now owns 1,725 shares of the local business review company's stock worth $64,000 after buying an additional 631 shares during the last quarter. Finally, Signaturefd LLC boosted its stake in shares of Yelp by 47.3% during the 1st quarter. Signaturefd LLC now owns 1,936 shares of the local business review company's stock worth $72,000 after buying an additional 622 shares during the last quarter. 90.11% of the stock is currently owned by institutional investors and hedge funds.

Yelp Price Performance

Shares of YELP opened at $31.45 on Wednesday. The firm has a market capitalization of $1.98 billion, a PE ratio of 14.23, a PEG ratio of 0.82 and a beta of 0.97. The company's 50-day moving average is $33.70 and its 200-day moving average is $35.35. Yelp Inc. has a fifty-two week low of $29.96 and a fifty-two week high of $41.72.

Yelp (NYSE:YELP - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The local business review company reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.19. The company had revenue of $370.39 million for the quarter, compared to analyst estimates of $365.71 million. Yelp had a net margin of 10.28% and a return on equity of 20.17%. The company's revenue was up 3.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.54 earnings per share. Yelp has set its FY 2025 guidance at EPS. Analysts predict that Yelp Inc. will post 2.22 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on YELP shares. Bank of America lowered their price objective on shares of Yelp from $31.00 to $30.00 and set an "underperform" rating on the stock in a research note on Friday, August 8th. Wall Street Zen downgraded shares of Yelp from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 9th. Four research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Reduce" and an average target price of $34.00.

Insider Activity at Yelp

In other Yelp news, CFO David A. Schwarzbach sold 10,000 shares of the firm's stock in a transaction that occurred on Thursday, July 17th. The shares were sold at an average price of $34.68, for a total transaction of $346,800.00. Following the completion of the sale, the chief financial officer directly owned 199,654 shares in the company, valued at $6,924,000.72. This trade represents a 4.77% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Carmen Amara sold 1,500 shares of the firm's stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $32.33, for a total transaction of $48,495.00. Following the sale, the insider owned 85,566 shares of the company's stock, valued at $2,766,348.78. This trade represents a 1.72% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 27,755 shares of company stock valued at $970,751. 7.40% of the stock is currently owned by insiders.

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 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.

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 - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.