Delta Lloyd NV cut its position in shares of Yelp Inc. (NYSE:YELP) by 7.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 49,985 shares of the local business review company’s stock after selling 3,917 shares during the period. Delta Lloyd NV owned about 0.06% of Yelp worth $2,084,000 as of its most recent filing with the SEC.
A number of other hedge funds have also bought and sold shares of YELP. Bank of New York Mellon Corp increased its stake in shares of Yelp by 2.9% in the third quarter. Bank of New York Mellon Corp now owns 223,954 shares of the local business review company’s stock worth $9,339,000 after buying an additional 6,291 shares during the period. Victory Capital Management Inc. purchased a new stake in shares of Yelp during the third quarter worth $5,796,000. Hanseatic Management Services Inc. increased its stake in shares of Yelp by 33,564.8% in the third quarter. Hanseatic Management Services Inc. now owns 23,902 shares of the local business review company’s stock worth $997,000 after buying an additional 23,831 shares during the period. Aperio Group LLC increased its stake in shares of Yelp by 0.8% in the third quarter. Aperio Group LLC now owns 12,530 shares of the local business review company’s stock worth $523,000 after buying an additional 98 shares during the period. Finally, First Trust Advisors LP purchased a new stake in shares of Yelp during the third quarter worth $10,617,000. 73.10% of the stock is owned by hedge funds and other institutional investors.
Shares of Yelp Inc. (NYSE:YELP) traded down 0.42% during midday trading on Monday, hitting $38.35. 298,009 shares of the stock were exchanged. Yelp Inc. has a 52-week low of $14.53 and a 52-week high of $43.36. The firm’s market cap is $3.01 billion. The firm’s 50-day moving average is $36.39 and its 200 day moving average is $33.37.
Yelp (NYSE:YELP) last released its earnings results on Wednesday, November 2nd. The local business review company reported $0.22 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.03) by $0.25. The company earned $186.20 million during the quarter, compared to analyst estimates of $183 million. Yelp had a negative net margin of 5.23% and a negative return on equity of 4.58%. The firm’s quarterly revenue was up 29.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.03 EPS. On average, analysts forecast that Yelp Inc. will post ($0.14) earnings per share for the current year.
YELP has been the subject of a number of recent analyst reports. Vetr raised shares of Yelp from a “hold” rating to a “buy” rating and set a $32.90 price target for the company in a report on Wednesday, August 3rd. MKM Partners reaffirmed a “buy” rating and set a $40.00 price target on shares of Yelp in a report on Wednesday, August 3rd. Cantor Fitzgerald upped their price target on shares of Yelp from $38.00 to $42.00 and gave the stock a “buy” rating in a report on Monday, August 8th. Morgan Stanley upped their price target on shares of Yelp from $19.00 to $26.00 and gave the stock an “equal weight” rating in a report on Tuesday, August 9th. Finally, Piper Jaffray Cos. reaffirmed a “hold” rating and set a $35.00 price target on shares of Yelp in a report on Tuesday, August 9th. Three investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and eighteen have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $37.00.
In other news, Director Geoffrey L. Donaker sold 4,000 shares of the stock in a transaction that occurred on Tuesday, November 22nd. The stock was sold at an average price of $37.58, for a total transaction of $150,320.00. Following the completion of the transaction, the director now directly owns 4,000 shares in the company, valued at approximately $150,320. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Michael Stoppelman sold 5,000 shares of the stock in a transaction that occurred on Tuesday, September 20th. The shares were sold at an average price of $37.58, for a total value of $187,900.00. Following the transaction, the senior vice president now owns 129,167 shares of the company’s stock, valued at $4,854,095.86. The disclosure for this sale can be found here. 11.08% of the stock is currently owned by corporate insiders.
Yelp Inc (Yelp) connects people with local businesses by bringing word of mouth online and providing a platform for businesses and consumers to engage and transact. The Company provides local business review sites. Yelp provides a platform for consumers to share their everyday local business experiences, through reviews, tips, photos and videos, and engages directly with businesses, through reviews, phone calls and its Message the Business feature.