Federated Investors Inc. PA grew its stake in Yelp Inc (NYSE:YELP) by 2.0% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 87,520 shares of the local business review company’s stock after purchasing an additional 1,758 shares during the period. Federated Investors Inc. PA’s holdings in Yelp were worth $3,429,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of the company. BlackRock Inc. lifted its holdings in shares of Yelp by 28.7% in the 2nd quarter. BlackRock Inc. now owns 7,154,009 shares of the local business review company’s stock valued at $280,295,000 after buying an additional 1,597,355 shares during the period. Fisher Asset Management LLC lifted its holdings in shares of Yelp by 5.5% in the 2nd quarter. Fisher Asset Management LLC now owns 3,012,391 shares of the local business review company’s stock valued at $118,025,000 after buying an additional 156,123 shares during the period. Soma Equity Partners LP lifted its holdings in shares of Yelp by 5.4% in the 1st quarter. Soma Equity Partners LP now owns 2,200,000 shares of the local business review company’s stock valued at $91,850,000 after buying an additional 113,000 shares during the period. Sumitomo Mitsui Asset Management Company LTD lifted its holdings in shares of Yelp by 15.8% in the 2nd quarter. Sumitomo Mitsui Asset Management Company LTD now owns 2,096,725 shares of the local business review company’s stock valued at $82,149,000 after buying an additional 285,890 shares during the period. Finally, First Manhattan Co. lifted its holdings in shares of Yelp by 8.8% in the 2nd quarter. First Manhattan Co. now owns 1,554,043 shares of the local business review company’s stock valued at $60,887,000 after buying an additional 126,090 shares during the period. 92.29% of the stock is owned by institutional investors and hedge funds.

In other Yelp news, COO Joseph R. Nachman sold 16,303 shares of the business’s stock in a transaction that occurred on Friday, August 10th. The stock was sold at an average price of $50.00, for a total transaction of $815,150.00. Following the completion of the sale, the chief operating officer now directly owns 131,734 shares in the company, valued at approximately $6,586,700. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Jeremy Stoppelman sold 13,000 shares of the business’s stock in a transaction that occurred on Thursday, July 5th. The stock was sold at an average price of $40.00, for a total value of $520,000.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 209,803 shares of company stock valued at $9,093,475. 9.00% of the stock is owned by company insiders.

NYSE:YELP opened at $45.94 on Friday. Yelp Inc has a 12 month low of $36.42 and a 12 month high of $51.33. The company has a market cap of $3.78 billion, a price-to-earnings ratio of 656.29, a PEG ratio of 8.21 and a beta of 1.32.

Yelp (NYSE:YELP) last posted its quarterly earnings data on Wednesday, August 8th. The local business review company reported $0.12 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.02) by $0.14. Yelp had a return on equity of 0.74% and a net margin of 17.64%. The company had revenue of $234.90 million during the quarter, compared to analyst estimates of $232.26 million. During the same period in the previous year, the business earned $0.25 EPS. Yelp’s quarterly revenue was up 11.9% on a year-over-year basis. equities analysts anticipate that Yelp Inc will post 0.28 earnings per share for the current year.

A number of research firms recently weighed in on YELP. Barclays upped their price target on Yelp from $47.00 to $48.00 and gave the stock an “equal weight” rating in a report on Thursday, August 9th. JPMorgan Chase & Co. upped their price target on Yelp to $57.00 and gave the stock an “overweight” rating in a report on Thursday, August 9th. KeyCorp reaffirmed a “hold” rating on shares of Yelp in a report on Thursday, August 9th. Jefferies Financial Group upped their price target on Yelp from $53.00 to $55.00 and gave the stock a “buy” rating in a report on Thursday, August 9th. Finally, Robert W. Baird upped their price target on Yelp from $44.00 to $45.00 and gave the stock a “neutral” rating in a report on Thursday, August 9th. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and twelve have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $48.63.

About Yelp

Yelp Inc operates a platform that connects people 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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