Yelp Inc. (NYSE:YELP) Shares Bought by Ceera Investments LLC

Ceera Investments LLC lifted its holdings in shares of Yelp Inc. (NYSE:YELP) by 13.6% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 173,597 shares of the local business review company’s stock after purchasing an additional 20,780 shares during the quarter. Yelp accounts for 2.7% of Ceera Investments LLC’s holdings, making the stock its 8th largest position. Ceera Investments LLC owned 0.26% of Yelp worth $6,414,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Mirae Asset Global Investments Co. Ltd. lifted its stake in Yelp by 0.3% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 86,231 shares of the local business review company’s stock worth $3,398,000 after purchasing an additional 288 shares during the last quarter. CWM LLC boosted its stake in Yelp by 24.7% in the second quarter. CWM LLC now owns 1,903 shares of the local business review company’s stock valued at $70,000 after buying an additional 377 shares in the last quarter. Parallel Advisors LLC raised its stake in Yelp by 38.7% during the fourth quarter. Parallel Advisors LLC now owns 1,497 shares of the local business review company’s stock worth $71,000 after acquiring an additional 418 shares in the last quarter. Teacher Retirement System of Texas raised its stake in Yelp by 1.0% during the fourth quarter. Teacher Retirement System of Texas now owns 46,103 shares of the local business review company’s stock worth $2,183,000 after acquiring an additional 471 shares in the last quarter. Finally, Fifth Third Bancorp lifted its holdings in shares of Yelp by 262.8% in the second quarter. Fifth Third Bancorp now owns 664 shares of the local business review company’s stock worth $25,000 after acquiring an additional 481 shares during the last quarter. 90.11% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

YELP has been the subject of a number of research analyst reports. Morgan Stanley upped their price objective on shares of Yelp from $32.00 to $34.00 and gave the stock an “underweight” rating in a research report on Tuesday, July 23rd. Robert W. Baird dropped their price target on Yelp from $44.00 to $39.00 and set a “neutral” rating for the company in a research note on Friday, May 10th. JPMorgan Chase & Co. reduced their price objective on Yelp from $38.00 to $35.00 and set a “neutral” rating on the stock in a research report on Monday, August 12th. StockNews.com lowered shares of Yelp from a “strong-buy” rating to a “buy” rating in a report on Monday, August 12th. Finally, Wolfe Research assumed coverage on shares of Yelp in a report on Tuesday, July 16th. They set a “peer perform” rating on the stock. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, Yelp has a consensus rating of “Hold” and an average price target of $39.00.

Yelp Stock Down 1.2 %

Yelp stock traded down $0.42 during mid-day trading on Friday, hitting $33.87. 816,790 shares of the stock were exchanged, compared to its average volume of 734,681. The stock has a market capitalization of $2.27 billion, a price-to-earnings ratio of 21.57 and a beta of 1.33. Yelp Inc. has a 12 month low of $32.56 and a 12 month high of $48.99. The firm’s fifty day simple moving average is $35.24 and its two-hundred day simple moving average is $37.14.

Yelp (NYSE:YELP) last released its earnings results on Thursday, August 8th. The local business review company reported $0.54 EPS for the quarter, topping the consensus estimate of $0.27 by $0.27. Yelp had a return on equity of 18.71% and a net margin of 10.01%. The business had revenue of $357.00 million during the quarter, compared to analysts’ expectations of $352.98 million. During the same quarter last year, the firm posted $0.21 earnings per share. The firm’s revenue was up 5.9% on a year-over-year basis. As a group, analysts forecast that Yelp Inc. will post 1.65 earnings per share for the current fiscal year.

Insider Activity

In related news, CTO Sam Eaton sold 10,776 shares of the company’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $35.00, for a total transaction of $377,160.00. Following the transaction, the chief technology officer now directly owns 145,171 shares of the company’s stock, valued at approximately $5,080,985. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, CTO Sam Eaton sold 10,776 shares of the company’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $35.00, for a total value of $377,160.00. Following the sale, the chief technology officer now owns 145,171 shares in the company, valued at approximately $5,080,985. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Joseph R. Nachman sold 7,000 shares of Yelp stock in a transaction on Monday, August 5th. The stock was sold at an average price of $33.25, for a total transaction of $232,750.00. Following the transaction, the chief operating officer now directly owns 281,842 shares in the company, valued at $9,371,246.50. The disclosure for this sale can be found here. Insiders sold 24,776 shares of company stock worth $863,590 in the last quarter. 7.40% of the stock is owned by corporate insiders.

Yelp Company Profile

Yelp Inc operates a platform that connects consumers with local businesses in the United States and internationally. The company's platform covers various categories, including restaurants, shopping, beauty and fitness, health, and other categories, as well as home, local, auto, professional, pets, events, real estate, and financial services.