Yelp Inc. (NYSE:YELP) is Capital Impact Advisors LLC’s 7th Largest Position

Capital Impact Advisors LLC lifted its holdings in shares of Yelp Inc. (NYSE:YELP) by 42.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,869 shares of the local business review company’s stock after purchasing an additional 7,167 shares during the period. Yelp comprises approximately 2.5% of Capital Impact Advisors LLC’s holdings, making the stock its 7th biggest holding. Capital Impact Advisors LLC’s holdings in Yelp were worth $882,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of YELP. C M Bidwell & Associates Ltd. purchased a new stake in shares of Yelp during the 4th quarter valued at $27,000. Fidelis Capital Partners LLC acquired a new position in Yelp in the 1st quarter worth $25,000. Fifth Third Bancorp lifted its holdings in Yelp by 262.8% in the 2nd quarter. Fifth Third Bancorp now owns 664 shares of the local business review company’s stock worth $25,000 after buying an additional 481 shares in the last quarter. Meeder Asset Management Inc. acquired a new position in Yelp in the 2nd quarter worth $25,000. Finally, Parallel Advisors LLC lifted its holdings in Yelp by 38.7% in the 4th quarter. Parallel Advisors LLC now owns 1,497 shares of the local business review company’s stock worth $71,000 after buying an additional 418 shares in the last quarter. 90.11% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Yelp

In other Yelp news, COO Joseph R. Nachman sold 7,000 shares of the company’s stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $33.25, for a total value of $232,750.00. Following the completion of the transaction, the chief operating officer now owns 281,842 shares in the company, valued at approximately $9,371,246.50. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, COO Joseph R. Nachman sold 7,000 shares of the stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $33.25, for a total transaction of $232,750.00. Following the completion of the sale, the chief operating officer now directly owns 281,842 shares of the company’s stock, valued at $9,371,246.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CTO Sam Eaton sold 10,776 shares of the stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $35.00, for a total transaction of $377,160.00. Following the sale, the chief technology officer now directly owns 145,171 shares of the company’s stock, valued at $5,080,985. The disclosure for this sale can be found here. Insiders sold a total of 24,776 shares of company stock valued at $863,590 in the last quarter. Insiders own 7.40% of the company’s stock.

Wall Street Analyst Weigh In

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

Yelp Stock Performance

YELP opened at $34.91 on Monday. 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 $34.50 and a 200-day moving average of $36.75. The company has a market capitalization of $2.34 billion, a P/E ratio of 22.24, a PEG ratio of 0.82 and a beta of 1.33.

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

Yelp 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.