Hsbc Holdings PLC Increases Holdings in Yelp Inc. (NYSE:YELP)

Hsbc Holdings PLC lifted its position in Yelp Inc. (NYSE:YELPFree Report) by 80.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 35,572 shares of the local business review company’s stock after buying an additional 15,809 shares during the period. Hsbc Holdings PLC owned approximately 0.05% of Yelp worth $1,685,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Pacer Advisors Inc. grew its position in Yelp by 65.8% during the fourth quarter. Pacer Advisors Inc. now owns 1,215,355 shares of the local business review company’s stock valued at $57,535,000 after buying an additional 482,242 shares during the period. Norges Bank bought a new position in shares of Yelp in the fourth quarter worth about $20,718,000. Acadian Asset Management LLC lifted its position 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 valued at $103,789,000 after buying an additional 384,566 shares in the last quarter. Fuller & Thaler Asset Management Inc. bought a new position in shares of Yelp during the 3rd quarter valued at approximately $13,873,000. Finally, Assenagon Asset Management S.A. increased its holdings in Yelp by 186.5% in the 4th quarter. Assenagon Asset Management S.A. now owns 463,505 shares of the local business review company’s stock worth $21,942,000 after acquiring an additional 301,715 shares in the last quarter. Institutional investors own 90.11% of the company’s stock.

Insider Activity

In related news, COO Joseph R. Nachman sold 6,000 shares of the stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $38.83, for a total value of $232,980.00. Following the sale, the chief operating officer now directly owns 312,502 shares of the company’s stock, valued at approximately $12,134,452.66. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, COO Joseph R. Nachman sold 6,000 shares of the firm’s stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $38.83, for a total value of $232,980.00. Following the transaction, the chief operating officer now owns 312,502 shares of the company’s stock, valued at approximately $12,134,452.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO David A. Schwarzbach sold 2,750 shares of the business’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $40.63, for a total transaction of $111,732.50. Following the completion of the sale, the chief financial officer now directly owns 258,848 shares of the company’s stock, valued at $10,516,994.24. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 55,818 shares of company stock valued at $2,088,623. 7.40% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

YELP has been the topic of several analyst reports. Robert W. Baird lowered their price target on shares of Yelp from $44.00 to $39.00 and set a “neutral” rating on the stock in a report on Friday, May 10th. Craig Hallum dropped their target price on shares of Yelp from $55.00 to $48.00 and set a “buy” rating for the company in a report on Friday, May 10th. Raymond James began coverage on Yelp in a report on Wednesday, March 27th. They set a “market perform” rating on the stock. Finally, StockNews.com raised Yelp from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 24th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $40.67.

Read Our Latest Stock Analysis on YELP

Yelp Trading Up 1.4 %

Shares of NYSE:YELP opened at $36.74 on Friday. The company has a market cap of $2.48 billion, a price-to-earnings ratio of 23.40 and a beta of 1.35. Yelp Inc. has a 12 month low of $34.92 and a 12 month high of $48.99. The company has a 50-day moving average price of $38.82 and a 200 day moving average price of $41.45.

Yelp (NYSE:YELPGet Free Report) last announced its earnings results on Thursday, May 9th. The local business review company reported $0.20 EPS for the quarter, topping analysts’ consensus estimates of $0.04 by $0.16. Yelp had a return on equity of 15.69% and a net margin of 8.44%. The firm had revenue of $332.75 million during the quarter, compared to analysts’ expectations of $333.66 million. As a group, equities analysts forecast that Yelp Inc. will post 1.39 EPS for the current year.

About Yelp

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Yelp (NYSE:YELP)

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