American Century Companies Inc. Grows Holdings in Yelp Inc. (NYSE:YELP)

American Century Companies Inc. lifted its holdings in Yelp Inc. (NYSE:YELP) by 6.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 106,972 shares of the local business review company’s stock after buying an additional 6,191 shares during the quarter. American Century Companies Inc. owned approximately 0.16% of Yelp worth $3,953,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Quest Partners LLC grew its stake in shares of Yelp by 132.7% in the second quarter. Quest Partners LLC now owns 27,094 shares of the local business review company’s stock worth $1,001,000 after acquiring an additional 15,451 shares during the period. Gallacher Capital Management LLC grew its stake in shares of Yelp by 125.2% in the second quarter. Gallacher Capital Management LLC now owns 12,917 shares of the local business review company’s stock worth $477,000 after acquiring an additional 7,180 shares during the period. Ceera Investments LLC grew its stake in shares of Yelp by 13.6% in the second quarter. Ceera Investments LLC now owns 173,597 shares of the local business review company’s stock worth $6,414,000 after acquiring an additional 20,780 shares during the period. Great Lakes Advisors LLC grew its stake in shares of Yelp by 39.2% in the second quarter. Great Lakes Advisors LLC now owns 308,459 shares of the local business review company’s stock worth $11,398,000 after acquiring an additional 86,836 shares during the period. Finally, TD Asset Management Inc grew its stake in shares of Yelp by 79.7% in the second quarter. TD Asset Management Inc now owns 56,800 shares of the local business review company’s stock worth $2,099,000 after acquiring an additional 25,200 shares during the period. 90.11% of the stock is owned by hedge funds and other institutional investors.

Yelp Price Performance

NYSE:YELP opened at $34.14 on Thursday. Yelp Inc. has a 1-year low of $32.56 and a 1-year high of $48.99. The company has a 50-day moving average of $34.62 and a 200 day moving average of $36.82. The firm has a market cap of $2.30 billion, a PE ratio of 21.74, a price-to-earnings-growth ratio of 0.81 and a beta of 1.33.

Yelp (NYSE:YELP) last released its quarterly earnings results on Thursday, August 8th. The local business review company reported $0.54 EPS for the quarter, beating the consensus estimate of $0.27 by $0.27. The business had revenue of $357.00 million during the quarter, compared to analyst estimates of $352.98 million. Yelp had a net margin of 10.01% and a return on equity of 18.71%. The company’s quarterly revenue was up 5.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.21 earnings per share. Sell-side analysts anticipate that Yelp Inc. will post 1.65 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. Bank of America began coverage on shares of Yelp in a research note on Monday, September 16th. They issued an “underperform” rating and a $30.00 price target for the company. Wolfe Research began coverage on shares of Yelp in a research report on Tuesday, July 16th. They set a “peer perform” rating for the company. Morgan Stanley boosted their target price on shares of Yelp from $32.00 to $34.00 and gave the company an “underweight” rating in a research report on Tuesday, July 23rd. JPMorgan Chase & Co. cut their target price on shares of Yelp from $38.00 to $35.00 and set a “neutral” rating for the company in a research report on Monday, August 12th. Finally, StockNews.com lowered shares of Yelp from a “strong-buy” rating to a “buy” rating in a research report on Monday, August 12th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. According to MarketBeat, Yelp currently has an average rating of “Hold” and an average price target of $37.20.

Insider Transactions at Yelp

In other news, COO Joseph R. Nachman sold 7,000 shares of the stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $33.25, for a total transaction of $232,750.00. Following the transaction, the chief operating officer now owns 281,842 shares in the company, valued at approximately $9,371,246.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, CTO Sam Eaton sold 10,776 shares of Yelp stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $35.00, for a total transaction of $377,160.00. Following the transaction, the chief technology officer now owns 145,171 shares in the company, valued at approximately $5,080,985. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, COO Joseph R. Nachman sold 7,000 shares of Yelp stock in a transaction on Monday, August 5th. The stock was sold at an average price of $33.25, for a total value of $232,750.00. Following the transaction, the chief operating officer now owns 281,842 shares in the company, valued at approximately $9,371,246.50. The disclosure for this sale can be found here. Insiders have sold 24,776 shares of company stock valued at $863,590 in the last 90 days. 7.40% of the stock is currently owned by company insiders.

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.