Yelp Inc. (YELP) Position Decreased by TIAA CREF Investment Management LLC

TIAA CREF Investment Management LLC decreased its position in Yelp Inc. (NYSE:YELP) by 8.9% during the first quarter, Holdings Channel reports. The firm owned 455,657 shares of the local business review company’s stock after selling 44,495 shares during the period. TIAA CREF Investment Management LLC’s holdings in Yelp were worth $14,923,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. FMR LLC purchased a new stake in Yelp during the fourth quarter worth $12,756,000. Janus Capital Management LLC increased its stake in Yelp by 215.9% in the fourth quarter. Janus Capital Management LLC now owns 27,800 shares of the local business review company’s stock worth $1,060,000 after buying an additional 19,000 shares during the last quarter. Swiss National Bank increased its stake in Yelp by 14.2% in the first quarter. Swiss National Bank now owns 129,264 shares of the local business review company’s stock worth $4,233,000 after buying an additional 16,100 shares during the last quarter. Independent Portfolio Consultants Inc. bought a new stake in Yelp during the first quarter worth $159,000. Finally, Russell Investments Group Ltd. bought a new stake in Yelp during the fourth quarter worth $2,071,000. 88.85% of the stock is currently owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for Yelp (NYSE:YELP)

Shares of Yelp Inc. (NYSE:YELP) opened at 30.88 on Monday. The firm has a market cap of $2.49 billion, a price-to-earnings ratio of 417.30 and a beta of 1.66. The company’s 50 day moving average is $30.15 and its 200 day moving average is $34.76. Yelp Inc. has a 52-week low of $26.35 and a 52-week high of $43.41.

Yelp (NYSE:YELP) last posted its earnings results on Tuesday, May 9th. The local business review company reported ($0.06) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.08) by $0.02. The business had revenue of $197.32 million for the quarter, compared to analyst estimates of $198.51 million. Yelp had a net margin of 0.80% and a return on equity of 0.77%. Yelp’s revenue was up 24.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.08 EPS. Analysts anticipate that Yelp Inc. will post ($0.08) earnings per share for the current year.

COPYRIGHT VIOLATION NOTICE: This piece was originally published by Mideast Time and is the property of of Mideast Time. If you are reading this piece on another publication, it was copied illegally and republished in violation of U.S. & international copyright & trademark laws. The correct version of this piece can be viewed at https://www.mideasttime.com/yelp-inc-yelp-position-decreased-by-tiaa-cref-investment-management-llc/1810745.html.

A number of equities research analysts have weighed in on YELP shares. Pacific Crest raised Yelp from a “sector weight” rating to an “overweight” rating and lifted their price objective for the company from $33.41 to $43.00 in a report on Tuesday, April 11th. Roth Capital set a $28.00 price objective on Yelp and gave the company a “sell” rating in a report on Monday, March 27th. Wells Fargo & Company raised Yelp from an “underperform” rating to a “market perform” rating and set a $27.00 price objective on the stock in a report on Friday, May 5th. Vetr downgraded Yelp from a “strong-buy” rating to a “buy” rating and set a $36.94 price objective on the stock. in a report on Thursday, April 20th. Finally, Goldman Sachs Group, Inc. (The) raised Yelp from a “neutral” rating to a “buy” rating and reduced their target price for the stock from $42.00 to $34.00 in a report on Wednesday, May 10th. They noted that the move was a valuation call. Three research analysts have rated the stock with a sell rating, sixteen have given a hold rating and sixteen have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $35.26.

In related news, Director Geoffrey L. Donaker sold 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 20th. The shares were sold at an average price of $30.27, for a total transaction of $121,080.00. Following the sale, the director now owns 9,590 shares of the company’s stock, valued at approximately $290,289.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Laurence Wilson sold 3,128 shares of the company’s stock in a transaction that occurred on Tuesday, May 23rd. The stock was sold at an average price of $28.23, for a total transaction of $88,303.44. Following the sale, the senior vice president now directly owns 181,947 shares in the company, valued at approximately $5,136,363.81. The disclosure for this sale can be found here. Insiders have sold a total of 71,121 shares of company stock worth $2,207,506 in the last ninety days. 11.08% of the stock is currently owned by insiders.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “YELP”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

Want to see what other hedge funds are holding YELP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Yelp Inc. (NYSE:YELP).

Receive News & Ratings for Yelp Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Yelp Inc. and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply

 
© 2006-2017 Mideast Time.