Daiwa Securities Group Inc. trimmed its place in shares of Yelp Inc. (NYSE:YELP) by 93.6% through the third quarter, in accordance with its most up-to-date disclosure with the Securities and Exchange Commission. The institutional investor owned 14,865 shares of the local enterprise evaluate firm’s inventory after promoting 217,612 shares in the course of the quarter. Daiwa Securities Group Inc.’s holdings in Yelp have been value $643,00zero as of its most up-to-date SEC submitting.

Other hedge funds have additionally just lately made modifications to their positions in the corporate. Strs Ohio purchased a brand new stake in Yelp in the course of the second quarter value $108,00zero. Russell Investments Group Ltd. grew its holdings in Yelp by 98.eight% through the second quarter. Russell Investments Group Ltd. now owns four,091 shares of the local enterprise assessment firm’s inventory value $123,00zero after shopping for a further 2,033 shares in the final quarter. Ameritas Investment Partners Inc. purchased a brand new stake in Yelp through the second quarter value $205,00zero. ProShare Advisors LLC purchased a brand new stake in Yelp in the course of the second quarter value $215,00zero. Finally, Prudential Financial Inc. purchased a brand new stake in Yelp in the course of the second quarter value $249,00zero. 85.66% of the inventory is at present owned by hedge funds and different institutional buyers.

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In associated information, CEO Jeremy Stoppelman bought 13,00zero shares of Yelp inventory in a transaction on Wednesday, November 15th. The inventory was bought at a mean worth of $45.40, for a complete worth of $590,200.00. The sale was disclosed in a doc filed with the Securities & Exchange Commission, which is accessible by way of this hyperlink. Also, Director Geoffrey L. Donaker bought 6,00zero shares of Yelp inventory in a transaction on Tuesday, November 14th. The inventory was bought at a mean worth of $45.49, for a complete worth of $272,940.00. Following the completion of the sale, the director now immediately owns 9,590 shares of the corporate’s inventory, valued at roughly $436,249.10. The disclosure for this sale may be discovered right here. In the final three months, insiders bought 292,871 shares of firm inventory valued at $13,007,970. Corporate insiders personal 10.10% of the corporate’s inventory.

Yelp Inc. (NYSE:YELP) opened at $47.18 on Thursday. Yelp Inc. has a 52-week low of $26.93 and a 52-week excessive of $48.17. The agency has a market capitalization of $three,910.00, a P/E ratio of 213.50, a P/E/G ratio of 10.55 and a beta of 1.29.

Yelp (NYSE:YELP) final posted its quarterly earnings knowledge on Wednesday, November 1st. The local enterprise evaluate firm reported $zero.29 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($zero.01) by $zero.30. The firm had income of $222.40 million through the quarter, in comparison with analyst estimates of $220.75 million. Yelp had a return on fairness of two.20% and a internet margin of two.31%. The agency’s income for the quarter was up 19.four% on a yr-over-yr foundation. During the identical quarter final yr, the corporate earned $zero.22 EPS. equities analysts predict that Yelp Inc. will publish zero.17 earnings per share for the present yr.

Yelp declared that its board has approved a inventory buyback plan on Thursday, August third that authorizes the corporate to buyback $200.00 million in excellent shares. This buyback authorization authorizes the local enterprise evaluate firm to repurchase as much as 7.9% of its inventory via open market purchases. Stock buyback plans are often an indication that the corporate’s board believes its shares are undervalued.

Several equities analysis analysts lately issued reviews on the corporate. Zacks Investment Research upgraded Yelp from a “hold” score to a “buy” score and set a $52.00 worth goal for the corporate in a report on Tuesday. KeyCorp set a $54.00 worth goal on Yelp and gave the inventory a “buy” score in a report on Thursday, November 16th. Piper Jaffray Companies reissued a “hold” score and issued a $38.00 worth goal on shares of Yelp in a analysis report on Friday, November third. Robert W. Baird boosted their worth goal on Yelp from $37.00 to $44.00 and gave the inventory a “neutral” score in a analysis report on Friday, November third. Finally, Credit Suisse Group boosted their worth goal on Yelp from $48.00 to $51.00 and gave the inventory an “outperform” score in a analysis report on Thursday, November 2nd. One equities analysis analyst has rated the inventory with a promote score, seventeen have given a maintain score and twenty-one have issued a purchase score to the corporate. Yelp at present has a mean score of “Buy” and a mean goal worth of $43.31.

About Yelp

Yelp Inc (Yelp) connects individuals with local companies by bringing ‘word of mouth’ on-line and offering a platform for companies and shoppers to interact and transact. The Company gives local enterprise assessment websites. Yelp offers a platform for shoppers to share their on a regular basis local enterprise experiences with different shoppers by posting reviews, ideas, pictures and movies, and to interact immediately with companies, via reviews, its Request-A-Quote and Message the Business options, and by finishing transactions on the Yelp Platform.

Institutional Ownership by Quarter for Yelp (NYSE:YELP)

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