Teacher Retirement System of Texas Has $4.96 Million Stock Position in Yelp Inc. (NYSE:YELP)

Teacher Retirement System of Texas trimmed its holdings in Yelp Inc. (NYSE:YELP - Free Report) by 32.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 133,977 shares of the local business review company's stock after selling 63,341 shares during the quarter. Teacher Retirement System of Texas owned about 0.21% of Yelp worth $4,961,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in YELP. Farther Finance Advisors LLC grew its holdings in shares of Yelp by 307.4% in the 1st quarter. Farther Finance Advisors LLC now owns 1,096 shares of the local business review company's stock worth $42,000 after acquiring an additional 827 shares during the last quarter. McIlrath & Eck LLC acquired a new position in shares of Yelp in the 4th quarter worth $63,000. Fifth Third Bancorp grew its holdings in shares of Yelp by 57.7% in the 1st quarter. Fifth Third Bancorp now owns 1,725 shares of the local business review company's stock worth $64,000 after acquiring an additional 631 shares during the last quarter. Smartleaf Asset Management LLC grew its holdings in shares of Yelp by 445.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,061 shares of the local business review company's stock worth $80,000 after acquiring an additional 1,683 shares during the last quarter. Finally, Parallel Advisors LLC grew its holdings in shares of Yelp by 78.3% in the 1st quarter. Parallel Advisors LLC now owns 2,585 shares of the local business review company's stock worth $96,000 after acquiring an additional 1,135 shares during the last quarter. 90.11% of the stock is owned by institutional investors.

Yelp Price Performance

YELP traded down $0.97 during trading on Friday, reaching $34.14. 562,890 shares of the stock traded hands, compared to its average volume of 766,817. The stock has a market cap of $2.18 billion, a price-to-earnings ratio of 16.41, a price-to-earnings-growth ratio of 0.82 and a beta of 0.98. Yelp Inc. has a fifty-two week low of $32.29 and a fifty-two week high of $41.72. The stock's 50-day simple moving average is $36.50 and its two-hundred day simple moving average is $36.82.

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

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on YELP shares. JPMorgan Chase & Co. decreased their target price on Yelp from $36.00 to $35.00 and set a "neutral" rating on the stock in a report on Tuesday, April 22nd. Morgan Stanley decreased their target price on Yelp from $35.00 to $30.00 and set an "underweight" rating for the company in a research report on Thursday, April 17th. Finally, Wall Street Zen cut Yelp from a "strong-buy" rating to a "buy" rating in a research report on Saturday, June 21st. Two analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, Yelp presently has an average rating of "Hold" and an average price target of $34.00.

Insider Transactions at Yelp

In other Yelp news, insider Craig Saldanha sold 1,000 shares of the business's stock in a transaction dated Monday, June 23rd. The stock was sold at an average price of $34.34, for a total value of $34,340.00. Following the completion of the sale, the insider owned 213,720 shares of the company's stock, valued at $7,339,144.80. The trade was a 0.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CTO Sam Eaton sold 12,904 shares of the business's stock in a transaction dated Thursday, May 22nd. The stock was 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 directly owned 145,064 shares of the company's stock, valued at $5,538,543.52. This represents a 8.17% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 58,345 shares of company stock valued at $2,147,176 in the last three months. 8.00% of the stock is currently owned by company insiders.

Yelp 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.