Trexquant Investment LP Has $254,000 Stock Position in Yelp Inc. $YELP

Key Points

• Trexquant Investment LP sold 152,296 shares of Yelp Inc., reducing its stake by 95.7%, leaving it with only 6,861 shares valued at $254,000.
• Several institutional investors have either increased or reduced their holdings in Yelp, with OMERS ADMINISTRATION Corp increasing its stake by 47.0% to 47,630 shares worth $1.76 million.
• Yelp's most recent quarterly earnings reported an EPS of $0.67, surpassing consensus estimates, with revenues of $370.39 million compared to expectations of $365.71 million.

Trexquant Investment LP trimmed its stake in shares of Yelp Inc. (NYSE:YELP - Free Report) by 95.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,861 shares of the local business review company's stock after selling 152,296 shares during the quarter. Trexquant Investment LP's holdings in Yelp were worth $254,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. State of Wyoming raised its position in shares of Yelp by 3.5% during the 4th quarter. State of Wyoming now owns 9,030 shares of the local business review company's stock worth $349,000 after buying an additional 307 shares in the last quarter. Signaturefd LLC raised its holdings in shares of Yelp by 47.3% in the 1st quarter. Signaturefd LLC now owns 1,936 shares of the local business review company's stock worth $72,000 after purchasing an additional 622 shares in the last quarter. Fifth Third Bancorp raised 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 purchasing an additional 631 shares in the last quarter. Pinnacle Holdings LLC raised its holdings in shares of Yelp by 2.1% in the 1st quarter. Pinnacle Holdings LLC now owns 34,649 shares of the local business review company's stock worth $1,283,000 after purchasing an additional 698 shares in the last quarter. Finally, QRG Capital Management Inc. raised its holdings in shares of Yelp by 11.4% in the 1st quarter. QRG Capital Management Inc. now owns 7,119 shares of the local business review company's stock worth $264,000 after purchasing an additional 728 shares in the last quarter. 90.11% of the stock is currently owned by institutional investors.

Yelp Stock Up 1.8%

Shares of YELP stock traded up $0.56 during trading hours on Monday, reaching $31.49. 882,793 shares of the stock traded hands, compared to its average volume of 788,719. Yelp Inc. has a 1-year low of $29.96 and a 1-year high of $41.72. The business has a fifty day moving average price of $32.85 and a 200 day moving average price of $34.81. The firm has a market capitalization of $1.99 billion, a PE ratio of 14.25, a PEG ratio of 0.77 and a beta of 1.03.

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

Analyst Ratings Changes

A number of research firms recently commented on YELP. Wall Street Zen downgraded shares of Yelp from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 9th. Bank of America dropped their target price on shares of Yelp from $31.00 to $30.00 and set an "underperform" rating on the stock in a report on Friday, August 8th. Four analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Reduce" and an average price target of $34.00.

Insider Activity at Yelp

In other Yelp news, CFO David A. Schwarzbach sold 10,000 shares of the business's stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $31.43, for a total value of $314,300.00. Following the completion of the sale, the chief financial officer directly owned 180,196 shares of the company's stock, valued at $5,663,560.28. The trade was a 5.26% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Craig Saldanha sold 1,200 shares of the business's stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $31.17, for a total transaction of $37,404.00. Following the completion of the sale, the insider directly owned 203,700 shares of the company's stock, valued at $6,349,329. This represents a 0.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 25,700 shares of company stock valued at $848,899. Corporate insiders own 7.40% of the company's stock.

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.