Sei Investments Co. Purchases 5,274 Shares of Yelp Inc. (YELP)

Sei Investments Co. lifted its position in Yelp Inc. (NYSE:YELP) by 1.1% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 488,833 shares of the local business review company’s stock after buying an additional 5,274 shares during the quarter. Sei Investments Co. owned about 0.60% of Yelp worth $21,166,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Strs Ohio bought a new stake in Yelp during the second quarter worth approximately $108,000. Russell Investments Group Ltd. boosted its position in Yelp by 98.8% during the second quarter. Russell Investments Group Ltd. now owns 4,091 shares of the local business review company’s stock worth $123,000 after purchasing an additional 2,033 shares during the period. Ameritas Investment Partners Inc. bought a new stake in Yelp during the second quarter worth approximately $205,000. ProShare Advisors LLC bought a new stake in Yelp during the second quarter worth approximately $215,000. Finally, Prudential Financial Inc. bought a new stake in Yelp during the second quarter worth approximately $249,000. 87.69% of the stock is owned by institutional investors and hedge funds.

Yelp Inc. (YELP) opened at $45.90 on Tuesday. The firm has a market capitalization of $3,811.24, a P/E ratio of 209.00, a price-to-earnings-growth ratio of 10.33 and a beta of 1.29. Yelp Inc. has a 1 year low of $26.93 and a 1 year high of $48.17.

Yelp (NYSE:YELP) last posted its quarterly earnings results on Wednesday, November 1st. The local business review company reported $0.29 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.01) by $0.30. The firm had revenue of $222.40 million for the quarter, compared to analyst estimates of $220.75 million. Yelp had a return on equity of 2.20% and a net margin of 2.31%. The business’s quarterly revenue was up 19.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.22 EPS. equities research analysts predict that Yelp Inc. will post 0.17 earnings per share for the current year.

Yelp announced that its board has initiated a stock buyback plan on Thursday, August 3rd that permits the company to repurchase $200.00 million in shares. This repurchase authorization permits the local business review company to purchase up to 7.9% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

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A number of brokerages have issued reports on YELP. Barclays PLC reaffirmed an “equal weight” rating and set a $36.00 target price (up previously from $28.00) on shares of Yelp in a research report on Friday, August 4th. B. Riley reissued a “neutral” rating and issued a $36.00 price objective on shares of Yelp in a research report on Friday, August 4th. Royal Bank Of Canada increased their price objective on Yelp from $27.00 to $36.00 and gave the company a “sector perform” rating in a research report on Friday, August 4th. Zacks Investment Research raised Yelp from a “sell” rating to a “hold” rating and set a $48.00 price objective for the company in a research report on Tuesday, August 8th. Finally, Wells Fargo & Company reissued a “market perform” rating and issued a $45.00 price objective (up from $36.00) on shares of Yelp in a research report on Thursday, November 2nd. One research analyst has rated the stock with a sell rating, seventeen have issued a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $43.37.

In related news, CFO Charles Baker sold 3,921 shares of the business’s stock in a transaction on Tuesday, August 22nd. The stock was sold at an average price of $41.45, for a total value of $162,525.45. Following the completion of the sale, the chief financial officer now directly owns 112,941 shares in the company, valued at approximately $4,681,404.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Geoffrey L. Donaker sold 6,000 shares of the business’s stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $45.59, for a total value of $273,540.00. Following the completion of the sale, the director now owns 9,590 shares of the company’s stock, valued at $437,208.10. The disclosure for this sale can be found here. Insiders have sold a total of 300,481 shares of company stock worth $13,254,185 in the last ninety days. Insiders own 10.10% of the company’s stock.

About Yelp

Yelp Inc (Yelp) connects people with local businesses by bringing ‘word of mouth’ online and providing a platform for businesses and consumers to engage and transact. The Company offers local business review sites. Yelp provides a platform for consumers to share their everyday local business experiences with other consumers by posting reviews, tips, photos and videos, and to engage directly with businesses, through reviews, its Request-A-Quote and Message the Business features, and by completing transactions on the Yelp Platform.

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Institutional Ownership by Quarter for Yelp (NYSE:YELP)

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