Yelp Inc. (NYSE:YELP) Shares Bought by Point72 DIFC Ltd

Point72 DIFC Ltd grew its holdings in Yelp Inc. (NYSE:YELP) by 70.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,371 shares of the local business review company’s stock after acquiring an additional 5,527 shares during the period. Point72 DIFC Ltd’s holdings in Yelp were worth $494,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Mirae Asset Global Investments Co. Ltd. lifted its holdings in Yelp by 0.3% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 86,231 shares of the local business review company’s stock valued at $3,398,000 after acquiring an additional 288 shares during the period. CWM LLC increased its holdings in shares of Yelp by 24.7% during the 2nd quarter. CWM LLC now owns 1,903 shares of the local business review company’s stock valued at $70,000 after purchasing an additional 377 shares in the last quarter. Parallel Advisors LLC lifted its stake in shares of Yelp by 38.7% in the 4th quarter. Parallel Advisors LLC now owns 1,497 shares of the local business review company’s stock valued at $71,000 after purchasing an additional 418 shares during the period. Fifth Third Bancorp boosted its holdings in Yelp by 262.8% during the second 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. Finally, SYSTM Wealth Solutions LLC grew its position in Yelp by 33.9% during the first quarter. SYSTM Wealth Solutions LLC now owns 2,036 shares of the local business review company’s stock valued at $80,000 after buying an additional 515 shares during the period. Institutional investors and hedge funds own 90.11% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on YELP shares. StockNews.com lowered shares of Yelp from a “strong-buy” rating to a “buy” rating in a research note on Monday, August 12th. JPMorgan Chase & Co. dropped their price objective on Yelp from $38.00 to $35.00 and set a “neutral” rating on the stock in a report on Monday, August 12th. Morgan Stanley upped their target price on Yelp from $32.00 to $34.00 and gave the stock an “underweight” rating in a research note on Tuesday, July 23rd. 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 on the stock. Finally, Wolfe Research started coverage on shares of Yelp in a research report on Tuesday, July 16th. They set a “peer perform” rating for the company. Two 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. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $37.20.

Insider Transactions at Yelp

In related 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 value of $232,750.00. Following the completion of the sale, the chief operating officer now owns 281,842 shares of the company’s stock, valued at $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 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 sale, the chief operating officer now owns 281,842 shares of the company’s stock, valued at $9,371,246.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CTO Sam Eaton sold 10,776 shares of the firm’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $35.00, for a total transaction of $377,160.00. Following the sale, the chief technology officer now owns 145,171 shares of the company’s stock, valued at $5,080,985. The disclosure for this sale can be found here. Insiders have sold a total of 24,776 shares of company stock worth $863,590 in the last ninety days. Insiders own 7.40% of the company’s stock.

Yelp Stock Performance

NYSE YELP opened at $34.35 on Wednesday. Yelp Inc. has a one year low of $32.56 and a one year high of $48.99. The business has a fifty day moving average price of $34.45 and a 200 day moving average price of $36.73. The company has a market cap of $2.32 billion, a P/E ratio of 21.88, a P/E/G ratio of 0.82 and a beta of 1.33.

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