SG Americas Securities LLC Purchases Shares of 8,242 Yelp Inc. (NYSE:YELP)

SG Americas Securities LLC acquired a new position in shares of Yelp Inc. (NYSE:YELP - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 8,242 shares of the local business review company's stock, valued at approximately $305,000.

Several other hedge funds also recently modified their holdings of the company. Farther Finance Advisors LLC boosted its stake in Yelp by 307.4% in the first quarter. Farther Finance Advisors LLC now owns 1,096 shares of the local business review company's stock worth $42,000 after purchasing an additional 827 shares in the last quarter. Unique Wealth LLC bought a new position in shares of Yelp in the first quarter valued at about $224,000. Parallel Advisors LLC lifted its position in Yelp by 78.3% during the 1st quarter. Parallel Advisors LLC now owns 2,585 shares of the local business review company's stock worth $96,000 after buying an additional 1,135 shares in the last quarter. GAMMA Investing LLC grew its holdings in Yelp by 2,600.2% during the 1st quarter. GAMMA Investing LLC now owns 46,362 shares of the local business review company's stock worth $1,717,000 after acquiring an additional 44,645 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Yelp during the 4th quarter worth about $4,368,000. Institutional investors and hedge funds own 90.11% of the company's stock.

Insider Buying and Selling at Yelp

In other Yelp news, CTO Sam Eaton sold 12,904 shares of the company's stock in a transaction that occurred on Thursday, May 22nd. The shares were sold at an average price of $38.18, for a total value of $492,674.72. Following the completion of the sale, the chief technology officer now owns 145,064 shares of the company's stock, valued at approximately $5,538,543.52. This represents a 8.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO David A. Schwarzbach sold 10,000 shares of the stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $38.20, for a total transaction of $382,000.00. Following the completion of the sale, the chief financial officer now owns 219,654 shares in the company, valued at approximately $8,390,782.80. This trade represents a 4.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 58,345 shares of company stock valued at $2,147,176. 8.00% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on YELP. Morgan Stanley dropped their target price on shares of Yelp from $35.00 to $30.00 and set an "underweight" rating for the company in a research note on Thursday, April 17th. Wall Street Zen lowered shares of Yelp from a "strong-buy" rating to a "buy" rating in a report on Saturday, June 21st. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Yelp from $36.00 to $35.00 and set a "neutral" rating for the company in a research report on Tuesday, April 22nd. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, Yelp currently has an average rating of "Hold" and a consensus price target of $34.00.

Yelp Trading Up 1.5%

Shares of NYSE YELP opened at $34.18 on Friday. Yelp Inc. has a 1 year low of $32.29 and a 1 year high of $41.72. The firm's 50-day moving average is $36.45 and its 200-day moving average is $37.13. The firm has a market capitalization of $2.18 billion, a PE ratio of 16.43, a price-to-earnings-growth ratio of 0.79 and a beta of 1.02.

Yelp (NYSE:YELP - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The local business review company reported $0.36 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.31 by $0.05. Yelp had a net margin of 9.95% and a return on equity of 19.42%. The firm had revenue of $358.53 million for the quarter, compared to analysts' expectations of $353.48 million. During the same period last year, the firm earned $0.20 earnings per share. The business's revenue for the quarter was up 7.7% on a year-over-year basis. As a group, equities research analysts anticipate that Yelp Inc. will post 2.22 earnings per share for the current fiscal year.

Yelp Company Profile

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.

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