Quantinno Capital Management LP Acquires 50,644 Shares of Yelp Inc. $YELP

Quantinno Capital Management LP raised its holdings in Yelp Inc. (NYSE:YELP) by 206.4% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 75,180 shares of the local business review company’s stock after buying an additional 50,644 shares during the quarter. Quantinno Capital Management LP’s holdings in Yelp were worth $1,860,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the business. CIBC Private Wealth Group LLC lifted its holdings in shares of Yelp by 100.0% during the third quarter. CIBC Private Wealth Group LLC now owns 892 shares of the local business review company’s stock worth $28,000 after buying an additional 446 shares during the last quarter. Rockefeller Capital Management L.P. grew its stake in shares of Yelp by 71.3% in the fourth quarter. Rockefeller Capital Management L.P. now owns 1,158 shares of the local business review company’s stock worth $35,000 after acquiring an additional 482 shares during the last quarter. Fifth Third Bancorp grew its stake in shares of Yelp by 70.4% in the fourth quarter. Fifth Third Bancorp now owns 1,159 shares of the local business review company’s stock worth $35,000 after acquiring an additional 479 shares during the last quarter. Hantz Financial Services Inc. increased its position in Yelp by 181.3% during the fourth quarter. Hantz Financial Services Inc. now owns 1,297 shares of the local business review company’s stock worth $39,000 after acquiring an additional 836 shares during the period. Finally, Strs Ohio bought a new position in Yelp during the first quarter worth $56,000. 90.11% of the stock is owned by institutional investors.

Insider Activity

In other news, Director Christine Barone sold 15,507 shares of the firm’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $22.95, for a total transaction of $355,885.65. Following the completion of the transaction, the director directly owned 15,928 shares of the company’s stock, valued at approximately $365,547.60. This trade represents a 49.33% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 17,507 shares of company stock valued at $402,481. Corporate insiders own 8.30% of the company’s stock.

Yelp Stock Performance

YELP opened at $23.61 on Wednesday. The stock’s 50 day simple moving average is $24.90 and its 200-day simple moving average is $24.77. The company has a current ratio of 1.75, a quick ratio of 1.74 and a debt-to-equity ratio of 0.16. The stock has a market cap of $1.30 billion, a PE ratio of 11.30, a P/E/G ratio of 2.24 and a beta of 0.46. Yelp Inc. has a 1 year low of $19.60 and a 1 year high of $34.49.

Yelp (NYSE:YELP) last issued its earnings results on Thursday, August 6th. The local business review company reported $0.57 EPS for the quarter, topping the consensus estimate of $0.36 by $0.21. Yelp had a return on equity of 19.52% and a net margin of 8.59%.The firm had revenue of $375.52 million during the quarter, compared to analysts’ expectations of $366.89 million. During the same period last year, the business earned $0.67 earnings per share. Yelp’s quarterly revenue was up 1.4% compared to the same quarter last year. Sell-side analysts forecast that Yelp Inc. will post 1.84 EPS for the current year.

Wall Street Analyst Weigh In

YELP has been the subject of a number of research reports. Zacks Research raised shares of Yelp from a “strong sell” rating to a “hold” rating in a report on Thursday, May 14th. Evercore set a $30.00 price objective on shares of Yelp in a report on Monday, May 11th. Robert W. Baird set a $28.00 price objective on shares of Yelp in a report on Friday, May 8th. JPMorgan Chase & Co. upped their price objective on shares of Yelp from $22.00 to $26.00 and gave the company a “neutral” rating in a research report on Friday, May 8th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Yelp in a research note on Friday. One investment analyst has rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, Yelp has an average rating of “Reduce” and a consensus target price of $27.57.

About Yelp

Yelp is a digital platform that connects consumers with local businesses through user-generated reviews, ratings and multimedia content. The company’s flagship offerings include the Yelp website and mobile applications for iOS and Android, where users can search for and discover restaurants, shops, service providers and other points of interest. In addition to crowd-sourced reviews and photographs, Yelp provides business profile pages featuring hours, contact information, menus and direct messaging capabilities.

Yelp generates revenue primarily through advertising services sold to small and medium-sized enterprises.