Yelp (NYSE:YELP) Sees Unusually-High Trading Volume

Yelp Inc (NYSE:YELP) saw an uptick in trading volume on Thursday . 3,597,933 shares changed hands during trading, an increase of 118% from the previous session’s volume of 1,652,778 shares.The stock last traded at $36.52 and had previously closed at $34.60.

A number of research firms recently issued reports on YELP. Aegis raised shares of Yelp from a “hold” rating to a “buy” rating in a research note on Friday. Stifel Nicolaus reaffirmed a “hold” rating and set a $38.00 price target on shares of Yelp in a research note on Friday, August 9th. Credit Suisse Group reaffirmed an “outperform” rating and set a $46.00 price target (up previously from $45.00) on shares of Yelp in a research note on Friday, August 9th. DA Davidson reaffirmed a “buy” rating on shares of Yelp in a research note on Friday, August 9th. Finally, Morgan Stanley set a $32.00 price target on shares of Yelp and gave the company a “sell” rating in a research note on Monday, July 15th. Two equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and eight have issued a buy rating to the stock. Yelp presently has an average rating of “Hold” and a consensus target price of $37.74.

The firm has a market cap of $2.46 billion, a PE ratio of 62.91, a P/E/G ratio of 2.43 and a beta of 1.02. The company has a quick ratio of 3.91, a current ratio of 3.91 and a debt-to-equity ratio of 0.26. The company’s 50 day moving average price is $34.00 and its two-hundred day moving average price is $34.60.



Yelp (NYSE:YELP) last announced its earnings results on Thursday, August 8th. The local business review company reported $0.16 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.12 by $0.04. Yelp had a net margin of 6.26% and a return on equity of 4.62%. The business had revenue of $246.96 million for the quarter, compared to the consensus estimate of $247.63 million. During the same quarter in the prior year, the firm posted $0.12 earnings per share. The business’s revenue for the quarter was up 5.1% on a year-over-year basis. On average, analysts expect that Yelp Inc will post 0.68 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently made changes to their positions in YELP. Dimensional Fund Advisors LP grew its holdings in shares of Yelp by 28.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,022,480 shares of the local business review company’s stock worth $35,776,000 after purchasing an additional 224,363 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Yelp by 13.0% in the fourth quarter. Geode Capital Management LLC now owns 1,053,283 shares of the local business review company’s stock worth $36,854,000 after purchasing an additional 121,261 shares during the last quarter. Rhumbline Advisers grew its holdings in shares of Yelp by 2.2% in the first quarter. Rhumbline Advisers now owns 259,378 shares of the local business review company’s stock worth $8,949,000 after purchasing an additional 5,465 shares during the last quarter. Texas Permanent School Fund grew its holdings in shares of Yelp by 2.4% in the first quarter. Texas Permanent School Fund now owns 51,238 shares of the local business review company’s stock worth $1,768,000 after purchasing an additional 1,218 shares during the last quarter. Finally, California Public Employees Retirement System grew its holdings in shares of Yelp by 5.1% in the first quarter. California Public Employees Retirement System now owns 133,349 shares of the local business review company’s stock worth $4,601,000 after purchasing an additional 6,488 shares during the last quarter. 92.77% of the stock is currently owned by institutional investors and hedge funds.

Yelp Company Profile (NYSE:YELP)

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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