Yelp Inc (YELP) Holdings Reduced by Eqis Capital Management Inc.

Eqis Capital Management Inc. lowered its holdings in Yelp Inc (NYSE:YELP) by 25.6% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 31,479 shares of the local business review company’s stock after selling 10,817 shares during the quarter. Eqis Capital Management Inc.’s holdings in Yelp were worth $1,086,000 as of its most recent filing with the SEC.

A number of other institutional investors have also bought and sold shares of YELP. BlackRock Inc. boosted its stake in Yelp by 39.8% in the fourth quarter. BlackRock Inc. now owns 10,848,499 shares of the local business review company’s stock worth $379,588,000 after purchasing an additional 3,088,064 shares in the last quarter. Oregon Public Employees Retirement Fund acquired a new position in Yelp in the fourth quarter worth $31,000. SQN Investors LP boosted its stake in Yelp by 43.3% in the fourth quarter. SQN Investors LP now owns 3,337,931 shares of the local business review company’s stock worth $116,794,000 after purchasing an additional 1,008,338 shares in the last quarter. Norges Bank acquired a new position in Yelp in the fourth quarter worth $28,189,000. Finally, Bank of New York Mellon Corp boosted its stake in Yelp by 120.9% in the fourth quarter. Bank of New York Mellon Corp now owns 826,659 shares of the local business review company’s stock worth $28,925,000 after purchasing an additional 452,511 shares in the last quarter. 96.61% of the stock is currently owned by institutional investors.

In other Yelp news, insider Alan Ramsay sold 19,774 shares of the stock in a transaction dated Thursday, February 21st. The stock was sold at an average price of $38.27, for a total value of $756,750.98. Following the completion of the sale, the insider now directly owns 33,750 shares in the company, valued at $1,291,612.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Geoffrey L. Donaker sold 2,000 shares of the stock in a transaction dated Tuesday, February 19th. The stock was sold at an average price of $39.72, for a total value of $79,440.00. The disclosure for this sale can be found here. Insiders sold 31,902 shares of company stock worth $1,215,452 in the last three months. Insiders own 9.00% of the company’s stock.

Several brokerages have recently issued reports on YELP. Needham & Company LLC began coverage on Yelp in a research note on Tuesday, January 8th. They set a “hold” rating on the stock. ValuEngine lowered Yelp from a “hold” rating to a “sell” rating in a research note on Thursday, March 7th. Zacks Investment Research lowered Yelp from a “buy” rating to a “hold” rating in a research note on Monday, February 18th. B. Riley upped their price target on Yelp from $45.00 to $50.00 and gave the company a “buy” rating in a research note on Thursday, February 14th. Finally, BMO Capital Markets began coverage on Yelp in a research note on Wednesday. They set an “outperform” rating on the stock. Two equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and nine have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $39.52.

NYSE:YELP opened at $36.00 on Friday. Yelp Inc has a 1-year low of $29.33 and a 1-year high of $52.50. The stock has a market capitalization of $2.95 billion, a price-to-earnings ratio of 80.00, a P/E/G ratio of 2.75 and a beta of 0.91.

Yelp (NYSE:YELP) last released its earnings results on Wednesday, February 13th. The local business review company reported $0.20 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.07. Yelp had a return on equity of 3.67% and a net margin of 5.87%. The firm had revenue of $243.70 million for the quarter, compared to analyst estimates of $241.11 million. During the same quarter in the prior year, the firm posted $0.19 earnings per share. The company’s quarterly revenue was up 11.1% on a year-over-year basis. Equities research analysts expect that Yelp Inc will post 0.69 EPS for the current fiscal year.

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Yelp Profile

Yelp Inc operates a platform that connects consumers with local businesses in the United States, Canada, and internationally. The company's platform covers various local business categories, including restaurants, shopping, beauty and fitness, arts, entertainment and events, home and local services, health, nightlife, travel and hotel, auto, and others.

Further Reading: Price to Earnings Ratio (PE), For Valuing Stocks

Institutional Ownership by Quarter for Yelp (NYSE:YELP)

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