Quest Partners LLC Takes Position in Yelp Inc. (NYSE:YELP)

Quest Partners LLC acquired a new position in Yelp Inc. (NYSE:YELP) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 14,700 shares of the local business review company’s stock, valued at approximately $696,000.

A number of other large investors have also made changes to their positions in YELP. Teacher Retirement System of Texas increased its position in shares of Yelp by 13.0% during the third quarter. Teacher Retirement System of Texas now owns 45,632 shares of the local business review company’s stock worth $1,898,000 after purchasing an additional 5,254 shares in the last quarter. Victory Capital Management Inc. increased its position in shares of Yelp by 77.8% during the third quarter. Victory Capital Management Inc. now owns 42,834 shares of the local business review company’s stock worth $1,781,000 after purchasing an additional 18,749 shares in the last quarter. Los Angeles Capital Management LLC increased its position in shares of Yelp by 2.1% during the third quarter. Los Angeles Capital Management LLC now owns 73,372 shares of the local business review company’s stock worth $3,052,000 after purchasing an additional 1,484 shares in the last quarter. Illinois Municipal Retirement Fund purchased a new stake in shares of Yelp during the third quarter valued at $1,587,000. Finally, Jump Financial LLC grew its holdings in shares of Yelp by 245.4% during the third quarter. Jump Financial LLC now owns 34,716 shares of the local business review company’s stock valued at $1,444,000 after buying an additional 24,664 shares during the last quarter. 90.11% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Yelp

In other news, insider Carmen Orr sold 14,984 shares of the firm’s stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $38.00, for a total transaction of $569,392.00. Following the completion of the sale, the insider now owns 110,011 shares in the company, valued at approximately $4,180,418. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CTO Sam Eaton sold 26,718 shares of the firm’s stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $36.62, for a total value of $978,413.16. Following the sale, the chief technology officer now directly owns 167,861 shares in the company, valued at approximately $6,147,069.82. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Carmen Orr sold 14,984 shares of the firm’s stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $38.00, for a total transaction of $569,392.00. Following the completion of the sale, the insider now owns 110,011 shares in the company, valued at $4,180,418. The disclosure for this sale can be found here. Insiders sold 50,452 shares of company stock worth $1,892,518 in the last 90 days. Insiders own 7.20% of the company’s stock.

Yelp Trading Down 0.5 %

YELP stock opened at $36.70 on Thursday. The company has a market cap of $2.48 billion, a price-to-earnings ratio of 23.38 and a beta of 1.44. Yelp Inc. has a 12 month low of $32.64 and a 12 month high of $48.99. The firm has a 50-day moving average of $39.27 and a two-hundred day moving average of $42.05.

Yelp (NYSE:YELP) last released its quarterly earnings data on Thursday, May 9th. The local business review company reported $0.20 EPS for the quarter, beating analysts’ consensus estimates of $0.04 by $0.16. The company had revenue of $332.75 million during the quarter, compared to the consensus estimate of $333.66 million. Yelp had a net margin of 8.44% and a return on equity of 15.69%. As a group, equities analysts forecast that Yelp Inc. will post 1.4 earnings per share for the current year.

Wall Street Analysts Forecast Growth

YELP has been the topic of a number of research analyst reports. Craig Hallum dropped their price objective on shares of Yelp from $55.00 to $48.00 and set a “buy” rating on the stock in a report on Friday, May 10th. Raymond James initiated coverage on shares of Yelp in a report on Wednesday, March 27th. They issued a “market perform” rating on the stock. StockNews.com raised shares of Yelp from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 24th. Finally, Robert W. Baird lowered their target price on shares of Yelp from $44.00 to $39.00 and set a “neutral” rating on the stock in a research note on Friday, May 10th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $40.67.

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.