International Assets Investment Management LLC Acquires 2,359 Shares of Yelp Inc. (NYSE:YELP)

International Assets Investment Management LLC grew its holdings in Yelp Inc. (NYSE:YELP) by 9,073.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,385 shares of the local business review company’s stock after acquiring an additional 2,359 shares during the quarter. International Assets Investment Management LLC’s holdings in Yelp were worth $84,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Signaturefd LLC increased its stake in Yelp by 98.5% during the third quarter. Signaturefd LLC now owns 1,175 shares of the local business review company’s stock valued at $41,000 after acquiring an additional 583 shares during the period. Blue Trust Inc. grew its holdings in shares of Yelp by 113.0% during the 3rd quarter. Blue Trust Inc. now owns 6,221 shares of the local business review company’s stock worth $230,000 after purchasing an additional 3,300 shares in the last quarter. Creative Planning raised its stake in shares of Yelp by 168.6% in the third quarter. Creative Planning now owns 19,131 shares of the local business review company’s stock valued at $671,000 after purchasing an additional 12,008 shares in the last quarter. Exchange Traded Concepts LLC lifted its position in Yelp by 54.5% in the third quarter. Exchange Traded Concepts LLC now owns 1,148 shares of the local business review company’s stock worth $40,000 after purchasing an additional 405 shares during the period. Finally, CWM LLC lifted its position in Yelp by 87.5% in the third quarter. CWM LLC now owns 3,568 shares of the local business review company’s stock worth $125,000 after purchasing an additional 1,665 shares during the period. Institutional investors and hedge funds own 90.11% of the company’s stock.

Yelp Stock Down 0.8 %

YELP opened at $36.36 on Friday. The stock has a market capitalization of $2.43 billion, a price-to-earnings ratio of 19.14, a P/E/G ratio of 0.79 and a beta of 1.33. Yelp Inc. has a twelve month low of $32.56 and a twelve month high of $48.99. The company has a 50-day simple moving average of $34.28 and a 200 day simple moving average of $35.79.

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, beating analysts’ consensus estimates of $0.27 by $0.27. The company had revenue of $357.00 million for the quarter, compared to the consensus estimate of $352.98 million. Yelp had a net margin of 10.01% and a return on equity of 18.71%. The firm’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same period last year, the company posted $0.21 EPS. Sell-side analysts anticipate that Yelp Inc. will post 1.69 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, COO Joseph R. Nachman sold 7,000 shares of the company’s stock in a transaction dated Friday, October 4th. The stock was sold at an average price of $34.02, for a total transaction of $238,140.00. Following the sale, the chief operating officer now owns 255,558 shares in the company, valued at $8,694,083.16. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, COO Joseph R. Nachman sold 7,000 shares of the business’s stock in a transaction on Friday, October 4th. The shares were sold at an average price of $34.02, for a total transaction of $238,140.00. Following the transaction, the chief operating officer now owns 255,558 shares in the company, valued at $8,694,083.16. The trade was a 0.00 % decrease in their position. The transaction 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 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 completion of the sale, the chief technology officer now owns 145,171 shares of the company’s stock, valued at $5,080,985. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 7.40% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on YELP shares. The Goldman Sachs Group lowered shares of Yelp from a “buy” rating to a “neutral” rating and decreased their target price for the company from $46.00 to $38.00 in a research report on Monday, October 14th. Morgan Stanley increased their target price on Yelp from $32.00 to $34.00 and gave the stock an “underweight” rating in a report on Tuesday, July 23rd. Wolfe Research began coverage on Yelp in a research note on Tuesday, July 16th. They issued a “peer perform” rating on the stock. JPMorgan Chase & Co. dropped their price objective on Yelp from $38.00 to $35.00 and set a “neutral” rating for the company in a research note on Monday, August 12th. Finally, StockNews.com downgraded shares of Yelp from a “strong-buy” rating to a “buy” rating in a research note on Monday, August 12th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $37.33.

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.