Calamos Advisors LLC maintained its position in shares of Yelp Inc. (NYSE:YELP) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 20,000 shares of the local business review company’s stock at the end of the second quarter. Calamos Advisors LLC’s holdings in Yelp were worth $607,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Retirement Systems of Alabama increased its stake in Yelp by 12.1% in the second quarter. Retirement Systems of Alabama now owns 370,000 shares of the local business review company’s stock valued at $11,233,000 after buying an additional 40,000 shares in the last quarter. Tairen Capital Ltd acquired a new stake in Yelp during the second quarter valued at approximately $9,293,000. Bank of Montreal Can acquired a new stake in Yelp during the second quarter valued at approximately $283,000. IBM Retirement Fund acquired a new stake in Yelp during the second quarter valued at approximately $209,000. Finally, Fisher Asset Management LLC increased its stake in Yelp by 2.8% in the second quarter. Fisher Asset Management LLC now owns 391,351 shares of the local business review company’s stock valued at $11,670,000 after buying an additional 10,486 shares in the last quarter. 74.90% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Yelp Inc. (NYSE:YELP) traded down 2.44% during trading on Thursday, hitting $41.13. 2,036,958 shares of the stock traded hands. Yelp Inc. has a 52 week low of $14.53 and a 52 week high of $43.36. The firm’s market cap is $3.18 billion. The company has a 50-day moving average of $38.95 and a 200-day moving average of $29.48.
Yelp (NYSE:YELP) last announced its earnings results on Tuesday, August 9th. The local business review company reported $0.01 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.07) by $0.08. Yelp had a negative return on equity of 6.14% and a negative net margin of 7.20%. The business had revenue of $173.40 million for the quarter, compared to analysts’ expectations of $169.82 million. During the same period in the prior year, the business posted $0.12 earnings per share. The firm’s revenue was up 29.5% on a year-over-year basis. On average, analysts forecast that Yelp Inc. will post ($0.19) EPS for the current fiscal year.
Several research firms have commented on YELP. Cantor Fitzgerald reissued a “buy” rating on shares of Yelp in a research report on Saturday, July 9th. B. Riley reissued a “neutral” rating and issued a $27.00 target price on shares of Yelp in a research report on Monday, August 15th. Vetr raised shares of Yelp from a “buy” rating to a “strong-buy” rating and set a $33.11 target price for the company in a research report on Wednesday, July 13th. Jefferies Group reissued a “buy” rating on shares of Yelp in a research report on Monday, July 11th. Finally, Axiom Securities raised shares of Yelp from a “hold” rating to a “buy” rating and set a $44.00 target price for the company in a research report on Wednesday, August 10th. Four equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and twenty-one have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $36.02.
In related news, SVP Michael Stoppelman sold 2,781 shares of the company’s stock in a transaction that occurred on Tuesday, August 23rd. The stock was sold at an average price of $37.45, for a total value of $104,148.45. Following the sale, the senior vice president now directly owns 131,948 shares in the company, valued at $4,941,452.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Geoffrey L. Donaker sold 6,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 13th. The shares were sold at an average price of $29.38, for a total value of $176,280.00. Following the completion of the sale, the chief operating officer now owns 6,000 shares in the company, valued at $176,280. The disclosure for this sale can be found here. 11.08% of the stock is owned by corporate insiders.
Yelp Company Profile
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 provides local business review sites. Yelp provides a platform for consumers to share their everyday local business experiences, through reviews, tips, photos and videos, and engages directly with businesses, through reviews, phone calls and its Message the Business feature.
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