Alberta Investment Management Corp bought a new position in Yelp Inc (NYSE:YELP) during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 37,000 shares of the local business review company’s stock, valued at approximately $1,286,000. Alberta Investment Management Corp owned about 0.05% of Yelp at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also bought and sold shares of YELP. Douglas Lane & Associates LLC raised its holdings in shares of Yelp by 5.1% in the 2nd quarter. Douglas Lane & Associates LLC now owns 733,237 shares of the local business review company’s stock worth $25,062,000 after acquiring an additional 35,574 shares during the last quarter. Retirement Systems of Alabama raised its holdings in shares of Yelp by 12.4% in the 2nd quarter. Retirement Systems of Alabama now owns 265,466 shares of the local business review company’s stock worth $9,074,000 after acquiring an additional 29,231 shares during the last quarter. Ingalls & Snyder LLC raised its holdings in shares of Yelp by 2.6% in the 2nd quarter. Ingalls & Snyder LLC now owns 143,094 shares of the local business review company’s stock worth $4,891,000 after acquiring an additional 3,662 shares during the last quarter. TB Alternative Assets Ltd. acquired a new stake in shares of Yelp in the 2nd quarter worth about $4,960,000. Finally, Capital Impact Advisors LLC acquired a new stake in shares of Yelp in the 2nd quarter worth about $2,236,000. Institutional investors own 92.91% of the company’s stock.
A number of equities research analysts recently weighed in on YELP shares. Morgan Stanley lowered their target price on shares of Yelp from $32.00 to $31.00 and set an “underweight” rating on the stock in a report on Tuesday, October 15th. Aegis restated a “buy” rating and issued a $45.00 target price on shares of Yelp in a report on Wednesday, October 2nd. Credit Suisse Group restated an “outperform” rating and issued a $46.00 target price (up previously from $45.00) on shares of Yelp in a report on Friday, August 9th. Wedbush set a $38.00 target price on shares of Yelp and gave the stock a “hold” rating in a report on Friday, September 27th. Finally, Oppenheimer restated a “hold” rating on shares of Yelp in a report on Friday, August 9th. Two research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and eight have assigned a buy rating to the company’s stock. Yelp presently has a consensus rating of “Hold” and a consensus target price of $38.79.
Shares of YELP stock opened at $34.91 on Tuesday. Yelp Inc has a 52-week low of $29.33 and a 52-week high of $45.45. The company has a debt-to-equity ratio of 0.26, a quick ratio of 3.91 and a current ratio of 3.91. The company has a 50-day simple moving average of $34.25 and a two-hundred day simple moving average of $34.32. The company has a market capitalization of $2.46 billion, a price-to-earnings ratio of 77.58, a PEG ratio of 2.34 and a beta of 0.98.
Yelp (NYSE:YELP) last issued its quarterly earnings data on Thursday, August 8th. The local business review company reported $0.16 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.12 by $0.04. Yelp had a net margin of 6.26% and a return on equity of 4.62%. The business had revenue of $246.96 million during the quarter, compared to the consensus estimate of $247.63 million. During the same period in the prior year, the firm posted $0.12 EPS. The firm’s quarterly revenue was up 5.1% compared to the same quarter last year. On average, sell-side analysts forecast that Yelp Inc will post 0.68 EPS for the current fiscal 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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