TB Alternative Assets Ltd. Takes Position in Yelp Inc (NYSE:YELP)

TB Alternative Assets Ltd. bought a new stake in Yelp Inc (NYSE:YELP) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 145,106 shares of the local business review company’s stock, valued at approximately $4,960,000. Yelp makes up approximately 0.6% of TB Alternative Assets Ltd.’s holdings, making the stock its 18th biggest holding. TB Alternative Assets Ltd. owned approximately 0.19% of Yelp at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Victory Capital Management Inc. boosted its holdings in Yelp by 39.3% in the first quarter. Victory Capital Management Inc. now owns 1,472,420 shares of the local business review company’s stock valued at $50,798,000 after acquiring an additional 415,525 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in Yelp by 647.3% in the fourth quarter. Principal Financial Group Inc. now owns 337,065 shares of the local business review company’s stock valued at $11,793,000 after acquiring an additional 291,961 shares during the last quarter. Algert Global LLC bought a new position in Yelp in the first quarter valued at about $394,000. Lombard Odier Asset Management USA Corp bought a new position in Yelp in the first quarter valued at about $1,898,000. Finally, Thrivent Financial for Lutherans bought a new position in Yelp in the fourth quarter valued at about $684,000. Institutional investors own 99.58% of the company’s stock.

YELP has been the topic of a number of recent analyst reports. Morgan Stanley set a $32.00 target price on Yelp and gave the stock a “sell” rating in a report on Monday, July 15th. SunTrust Banks set a $37.00 target price on Yelp and gave the stock a “hold” rating in a report on Friday, May 10th. B. Riley cut Yelp from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $50.00 to $42.00 in a report on Friday, May 10th. Aegis upgraded Yelp from a “sell” rating to a “hold” rating and set a $29.00 target price on the stock in a report on Tuesday, June 4th. Finally, ValuEngine upgraded Yelp from a “sell” rating to a “hold” rating in a report on Thursday, June 27th. Two equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and eight have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $39.37.

Shares of NYSE:YELP traded up $1.07 during trading on Thursday, hitting $36.12. 33,777 shares of the company’s stock traded hands, compared to its average volume of 805,836. Yelp Inc has a 52 week low of $29.33 and a 52 week high of $52.50. The company has a current ratio of 5.93, a quick ratio of 5.93 and a debt-to-equity ratio of 0.21. The firm has a market cap of $2.71 billion, a P/E ratio of 80.31, a price-to-earnings-growth ratio of 2.10 and a beta of 1.13. The firm has a 50-day simple moving average of $34.25.

Yelp (NYSE:YELP) last released its quarterly earnings data on Thursday, May 9th. The local business review company reported $0.02 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.02. Yelp had a return on equity of 4.09% and a net margin of 6.17%. The business had revenue of $235.94 million for the quarter, compared to analysts’ expectations of $234.96 million. During the same quarter in the previous year, the business posted ($0.03) EPS. Yelp’s revenue for the quarter was up 5.8% on a year-over-year basis. Equities analysts forecast that Yelp Inc will post 0.68 EPS for the current year.

Yelp Company 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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