Quantedge Capital Pte Ltd Acquires 8,800 Shares of Yelp Inc. (NYSE:YELP)

Quantedge Capital Pte Ltd grew its holdings in shares of Yelp Inc. (NYSE:YELP - Free Report) by 8.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 107,600 shares of the local business review company's stock after buying an additional 8,800 shares during the period. Yelp accounts for 1.5% of Quantedge Capital Pte Ltd's portfolio, making the stock its 18th biggest position. Quantedge Capital Pte Ltd owned approximately 0.16% of Yelp worth $4,164,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the stock. Barclays PLC lifted its position in shares of Yelp by 347.9% in the 3rd quarter. Barclays PLC now owns 160,363 shares of the local business review company's stock worth $5,627,000 after purchasing an additional 124,561 shares during the period. Franklin Resources Inc. raised its stake in Yelp by 1.3% in the third quarter. Franklin Resources Inc. now owns 125,492 shares of the local business review company's stock worth $4,323,000 after buying an additional 1,587 shares in the last quarter. Mendota Financial Group LLC lifted its holdings in Yelp by 93,166.7% in the fourth quarter. Mendota Financial Group LLC now owns 2,798 shares of the local business review company's stock worth $108,000 after buying an additional 2,795 shares during the period. Fiduciary Financial Group LLC purchased a new stake in Yelp in the fourth quarter worth about $276,000. Finally, Assenagon Asset Management S.A. boosted its position in Yelp by 87.0% during the 4th quarter. Assenagon Asset Management S.A. now owns 507,990 shares of the local business review company's stock valued at $19,659,000 after acquiring an additional 236,400 shares in the last quarter. Institutional investors own 90.11% of the company's stock.

Yelp Price Performance

Shares of Yelp stock opened at $40.58 on Wednesday. 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 $35.51 and its 200 day moving average is $37.07. The stock has a market cap of $2.64 billion, a price-to-earnings ratio of 21.14, a PEG ratio of 0.76 and a beta of 0.99.

Yelp (NYSE:YELP - Get Free Report) last announced its earnings results on Thursday, May 8th. The local business review company reported $0.36 earnings per share for the quarter, beating analysts' consensus estimates of $0.31 by $0.05. The business had revenue of $358.53 million during the quarter, compared to analyst estimates of $353.48 million. Yelp had a net margin of 9.41% and a return on equity of 18.07%. The company's quarterly revenue was up 7.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.20 EPS. On average, equities analysts expect that Yelp Inc. will post 2.22 EPS for the current fiscal year.

Insider Activity at Yelp

In other Yelp news, CTO Sam Eaton sold 21,989 shares of the business's stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $35.70, for a total transaction of $785,007.30. Following the completion of the sale, the chief technology officer now owns 153,159 shares of the company's stock, valued at approximately $5,467,776.30. The trade was a 12.55% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Craig Saldanha sold 1,000 shares of the firm's stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $35.75, for a total value of $35,750.00. Following the completion of the transaction, the insider now directly owns 211,558 shares in the company, valued at $7,563,198.50. This trade represents a 0.47% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 57,727 shares of company stock worth $2,025,717. 8.00% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on YELP shares. Morgan Stanley decreased their price objective on Yelp from $35.00 to $30.00 and set an "underweight" rating for the company in a report on Thursday, April 17th. JPMorgan Chase & Co. decreased their price target on shares of Yelp from $36.00 to $35.00 and set a "neutral" rating for the company in a research note on Tuesday, April 22nd. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a strong buy rating to the company. According to MarketBeat.com, Yelp currently has an average rating of "Hold" and an average target price of $34.00.

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.

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