SG Americas Securities LLC Has $197,000 Stock Holdings in Yelp Inc. (NYSE:YELP)

SG Americas Securities LLC decreased its holdings in shares of Yelp Inc. (NYSE:YELP) by 94.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,168 shares of the local business review company’s stock after selling 76,285 shares during the quarter. SG Americas Securities LLC’s holdings in Yelp were worth $197,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Acadian Asset Management LLC increased its stake in shares of Yelp by 18.2% during the 3rd quarter. Acadian Asset Management LLC now owns 2,496,166 shares of the local business review company’s stock worth $103,789,000 after purchasing an additional 384,566 shares during the last quarter. UBS Group AG grew its stake in Yelp by 2,219.2% in the 3rd quarter. UBS Group AG now owns 168,559 shares of the local business review company’s stock valued at $7,010,000 after buying an additional 161,291 shares during the last quarter. Dark Forest Capital Management LP acquired a new position in Yelp in the 3rd quarter valued at $976,000. EAM Investors LLC acquired a new position in Yelp in the 3rd quarter valued at $1,786,000. Finally, Trexquant Investment LP acquired a new position in Yelp in the 3rd quarter valued at $2,137,000. Institutional investors and hedge funds own 90.11% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on YELP. Raymond James began coverage on shares of Yelp in a research note on Wednesday, March 27th. They issued a “market perform” rating on the stock. StockNews.com upgraded shares of Yelp from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 24th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Yelp currently has a consensus rating of “Hold” and an average price target of $41.75.

Yelp Price Performance

Shares of Yelp stock opened at $40.61 on Friday. Yelp Inc. has a fifty-two week low of $26.53 and a fifty-two week high of $48.99. The firm has a fifty day moving average price of $39.62 and a two-hundred day moving average price of $42.66. The company has a market cap of $2.77 billion, a PE ratio of 30.08 and a beta of 1.49.

Yelp (NYSE:YELP) last issued its quarterly earnings results on Thursday, February 15th. The local business review company reported $0.37 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.37. Yelp had a net margin of 7.42% and a return on equity of 14.06%. The firm had revenue of $342.38 million during the quarter, compared to the consensus estimate of $341.83 million. During the same period in the prior year, the firm earned $0.28 EPS. The business’s revenue was up 10.8% on a year-over-year basis. Analysts expect that Yelp Inc. will post 1.53 earnings per share for the current fiscal year.

Insider Transactions at Yelp

In other news, COO Joseph R. Nachman sold 6,000 shares of the firm’s stock in a transaction dated Friday, January 26th. The shares were sold at an average price of $44.75, for a total transaction of $268,500.00. Following the completion of the transaction, the chief operating officer now directly owns 248,976 shares of the company’s stock, valued at approximately $11,141,676. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, COO Joseph R. Nachman sold 6,000 shares of the firm’s stock in a transaction dated Friday, January 26th. The shares were sold at an average price of $44.75, for a total transaction of $268,500.00. Following the completion of the transaction, the chief operating officer now directly owns 248,976 shares of the company’s stock, valued at approximately $11,141,676. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO David A. Schwarzbach sold 2,750 shares of the firm’s stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $43.40, for a total transaction of $119,350.00. Following the transaction, the chief financial officer now directly owns 194,933 shares of the company’s stock, valued at $8,460,092.20. The disclosure for this sale can be found here. In the last three months, insiders sold 14,750 shares of company stock valued at $620,830. Company insiders own 7.20% of the company’s stock.

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.