Kennedy Capital Management Inc. trimmed its holdings in shares of Yelp Inc (NYSE:YELP) by 48.5% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 46,761 shares of the local business review company’s stock after selling 44,116 shares during the period. Kennedy Capital Management Inc.’s holdings in Yelp were worth $1,613,000 at the end of the most recent reporting period.
Several other hedge funds have also made changes to their positions in the company. JPMorgan Chase & Co. lifted its stake in shares of Yelp by 28.8% in the third quarter. JPMorgan Chase & Co. now owns 25,772 shares of the local business review company’s stock valued at $1,269,000 after buying an additional 5,767 shares in the last quarter. Crossmark Global Holdings Inc. bought a new position in shares of Yelp in the fourth quarter valued at $370,000. Rhumbline Advisers lifted its stake in shares of Yelp by 234.1% in the fourth quarter. Rhumbline Advisers now owns 253,913 shares of the local business review company’s stock valued at $8,884,000 after buying an additional 177,904 shares in the last quarter. State Board of Administration of Florida Retirement System lifted its stake in shares of Yelp by 13.1% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 55,444 shares of the local business review company’s stock valued at $1,940,000 after buying an additional 6,422 shares in the last quarter. Finally, Dupont Capital Management Corp bought a new position in shares of Yelp in the fourth quarter valued at $280,000. 95.40% of the stock is owned by institutional investors and hedge funds.
A number of research firms have weighed in on YELP. Aegis raised shares of Yelp from a “sell” rating to a “hold” rating and set a $29.00 price objective on the stock in a research note on Tuesday, June 4th. SunTrust Banks set a $37.00 price target on shares of Yelp and gave the company a “hold” rating in a research report on Friday, May 10th. ValuEngine lowered shares of Yelp from a “hold” rating to a “sell” rating in a research report on Friday, May 10th. B. Riley lowered shares of Yelp from a “buy” rating to a “neutral” rating and dropped their price target for the company from $50.00 to $42.00 in a research report on Friday, May 10th. Finally, Stifel Nicolaus reissued a “hold” rating and set a $38.00 price target on shares of Yelp in a research report on Friday, May 10th. Two analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and eight have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $39.42.
Shares of YELP stock opened at $31.72 on Friday. The stock has a market capitalization of $2.45 billion, a price-to-earnings ratio of 62.20, a P/E/G ratio of 1.87 and a beta of 1.12. The company has a debt-to-equity ratio of 0.21, a quick ratio of 5.93 and a current ratio of 5.93. Yelp Inc has a 52 week low of $29.33 and a 52 week high of $52.50.
Yelp (NYSE:YELP) last announced its quarterly earnings data on Thursday, May 9th. The local business review company reported $0.02 EPS for the quarter, hitting the consensus estimate of $0.02. The business had revenue of $235.94 million for the quarter, compared to analyst estimates of $234.96 million. Yelp had a net margin of 6.17% and a return on equity of 4.09%. The company’s revenue for the quarter was up 5.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.03) earnings per share. Research analysts predict that Yelp Inc will post 0.68 earnings per share for the current year.
Yelp Inc operates a platform that connects consumers with local businesses in the United States, Canada, and internationally. The company's platform covers various local business categories, including restaurants, shopping, beauty and fitness, arts, entertainment and events, home and local services, health, nightlife, travel and hotel, auto, and others.
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