Yelp Inc. (YELP) Position Maintained by Hussman Strategic Advisors Inc.
Hussman Strategic Advisors Inc. held its stake in shares of Yelp Inc. (NYSE:YELP) during the second quarter, Holdings Channel reports. The institutional investor owned 100,000 shares of the local business review company’s stock at the end of the second quarter. Hussman Strategic Advisors Inc.’s holdings in Yelp were worth $3,002,000 as of its most recent SEC filing.
Several other hedge funds also recently made changes to their positions in the company. Strs Ohio acquired a new position in Yelp during the second quarter worth approximately $108,000. FNY Partners Fund LP raised its position in shares of Yelp by 18,650.0% in the first quarter. FNY Partners Fund LP now owns 3,750 shares of the local business review company’s stock valued at $122,000 after buying an additional 3,730 shares in the last quarter. Neuburgh Advisers LLC purchased a new position in shares of Yelp during the first quarter valued at about $133,000. Russell Investments Group Ltd. raised its position in shares of Yelp by 98.8% in the second quarter. Russell Investments Group Ltd. now owns 4,091 shares of the local business review company’s stock valued at $123,000 after buying an additional 2,033 shares in the last quarter. Finally, Independent Portfolio Consultants Inc. purchased a new position in shares of Yelp during the first quarter valued at about $159,000. 94.79% of the stock is owned by institutional investors.
Yelp Inc. (YELP) opened at 41.73 on Tuesday. The company has a market capitalization of $3.36 billion, a PE ratio of 563.92 and a beta of 1.48. The stock’s 50 day moving average is $31.06 and its 200 day moving average is $33.37. Yelp Inc. has a one year low of $26.93 and a one year high of $43.41.
Yelp (NYSE:YELP) last announced its quarterly earnings results on Thursday, August 3rd. The local business review company reported $0.09 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.03) by $0.12. The company had revenue of $209.90 million for the quarter, compared to analysts’ expectations of $204.89 million. Yelp had a net margin of 1.67% and a return on equity of 1.64%. Yelp’s revenue was up 21.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.16 EPS. On average, analysts anticipate that Yelp Inc. will post $0.06 earnings per share for the current fiscal year.
Yelp announced that its board has initiated a stock buyback program on Thursday, August 3rd that permits the company to repurchase $200.00 million in outstanding shares. This repurchase authorization permits the local business review company to repurchase up to 7.9% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.
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Several brokerages recently issued reports on YELP. Stifel Nicolaus set a $35.00 price target on Yelp and gave the company a “hold” rating in a research note on Friday. Piper Jaffray Companies restated a “hold” rating and set a $37.00 price target on shares of Yelp in a research note on Friday. Vetr lowered Yelp from a “buy” rating to a “hold” rating and set a $36.94 price target on the stock. in a research note on Thursday, April 27th. Cantor Fitzgerald restated a “buy” rating and set a $46.00 price target on shares of Yelp in a research note on Friday, May 5th. Finally, Wells Fargo & Company upgraded Yelp from an “underperform” rating to a “market perform” rating and set a $27.00 price objective on the stock in a research note on Friday, May 5th. Three research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and eighteen have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $37.25.
In other Yelp news, Director Geoffrey L. Donaker sold 4,000 shares of the stock in a transaction that occurred on Wednesday, July 5th. The shares were sold at an average price of $29.99, for a total value of $119,960.00. Following the sale, the director now directly owns 9,590 shares in the company, valued at approximately $287,604.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Charles Baker sold 12,176 shares of the stock in a transaction that occurred on Tuesday, May 23rd. The stock was sold at an average price of $28.23, for a total transaction of $343,728.48. Following the completion of the sale, the chief financial officer now owns 116,862 shares in the company, valued at $3,299,014.26. The disclosure for this sale can be found here. Insiders have sold a total of 48,251 shares of company stock worth $1,392,310 over the last 90 days. 10.10% of the stock is currently owned by corporate insiders.
Yelp Company Profile
Yelp Inc (Yelp) connects people with local businesses by bringing ‘word of mouth’ online and providing a platform for businesses and consumers to engage and transact. The Company offers local business review sites. Yelp provides a platform for consumers to share their everyday local business experiences with other consumers by posting reviews, tips, photos and videos, and to engage directly with businesses, through reviews, its Request-A-Quote and Message the Business features, and by completing transactions on the Yelp Platform.
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