Yelp Inc (YELP) Stake Decreased by Aurora Investment Counsel

Aurora Investment Counsel cut its holdings in shares of Yelp Inc (NYSE:YELP) by 0.9% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 60,773 shares of the local business review company’s stock after selling 566 shares during the period. Yelp accounts for 0.9% of Aurora Investment Counsel’s holdings, making the stock its 29th biggest holding. Aurora Investment Counsel owned about 0.07% of Yelp worth $2,097,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc grew its position in shares of Yelp by 0.6% in the third quarter. Vanguard Group Inc now owns 6,889,974 shares of the local business review company’s stock valued at $338,987,000 after purchasing an additional 42,759 shares during the period. SQN Investors LP grew its position in shares of 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 valued at $116,794,000 after purchasing an additional 1,008,338 shares during the period. Macquarie Group Ltd. grew its position in shares of Yelp by 15.3% in the third quarter. Macquarie Group Ltd. now owns 1,274,593 shares of the local business review company’s stock valued at $62,710,000 after purchasing an additional 168,930 shares during the period. Retirement Systems of Alabama acquired a new stake in shares of Yelp in the fourth quarter valued at about $8,297,000. Finally, JPMorgan Chase & Co. grew its position in shares of Yelp by 28.8% in the third quarter. JPMorgan Chase & Co. now owns 25,772 shares of the local business review company’s stock valued at $1,269,000 after purchasing an additional 5,767 shares during the period. Hedge funds and other institutional investors own 96.19% of the company’s stock.

Several analysts have recently issued reports on the stock. Zacks Investment Research lowered shares of Yelp from a “buy” rating to a “hold” rating in a research report on Monday, February 18th. Stifel Nicolaus reissued a “hold” rating and issued a $38.00 price target on shares of Yelp in a research note on Friday. B. Riley downgraded shares of Yelp from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $50.00 to $42.00 in a research note on Friday. Credit Suisse Group raised their price target on shares of Yelp from $50.00 to $59.00 and gave the stock an “outperform” rating in a research note on Thursday, February 14th. Finally, Citigroup downgraded shares of Yelp from a “buy” rating to a “neutral” rating and set a $40.00 target price on the stock. in a research note on Thursday, February 14th. Two equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and eight have assigned a buy rating to the company. Yelp presently has an average rating of “Hold” and an average target price of $39.33.

Shares of NYSE:YELP traded down $5.71 during trading on Friday, hitting $34.02. 11,189,485 shares of the company were exchanged, compared to its average volume of 1,835,539. The company has a market capitalization of $3.28 billion, a PE ratio of 75.60, a P/E/G ratio of 3.21 and a beta of 0.97. Yelp Inc has a 12-month low of $29.33 and a 12-month high of $52.50.

Yelp (NYSE:YELP) last issued its quarterly earnings data on Thursday, May 9th. The local business review company reported $0.02 earnings per share for the quarter, hitting the consensus estimate of $0.02. Yelp had a net margin of 5.87% and a return on equity of 3.67%. The business had revenue of $235.94 million during the quarter, compared to the consensus estimate of $234.96 million. During the same quarter in the previous year, the firm earned ($0.03) EPS. The company’s revenue was up 5.8% compared to the same quarter last year. As a group, equities research analysts expect that Yelp Inc will post 0.69 EPS for the current fiscal year.

In related news, Director Geoffrey L. Donaker sold 2,000 shares of the company’s stock in a transaction on Tuesday, February 19th. The shares were sold at an average price of $39.72, for a total value of $79,440.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Alan Ramsay sold 19,774 shares of the company’s stock in a transaction on Thursday, February 21st. The stock was sold at an average price of $38.27, for a total transaction of $756,750.98. Following the transaction, the insider now owns 33,750 shares of the company’s stock, valued at approximately $1,291,612.50. The disclosure for this sale can be found here. In the last quarter, insiders sold 25,774 shares of company stock valued at $989,091. 9.00% of the stock is owned by insiders.

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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.

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Institutional Ownership by Quarter for Yelp (NYSE:YELP)

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