Quantinno Capital Management LP Has $1.86 Million Stock Position in Yelp Inc. $YELP

Quantinno Capital Management LP raised its position in Yelp Inc. (NYSE:YELP) by 206.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 75,180 shares of the local business review company’s stock after purchasing an additional 50,644 shares during the quarter. Quantinno Capital Management LP owned approximately 0.14% of Yelp worth $1,860,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of YELP. SummitTX Capital L.P. purchased a new stake in shares of Yelp during the 1st quarter worth about $325,000. First Trust Advisors LP grew its stake in shares of Yelp by 34.1% in the 1st quarter. First Trust Advisors LP now owns 109,876 shares of the local business review company’s stock valued at $2,718,000 after buying an additional 27,937 shares in the last quarter. Insight Advisors LLC PA bought a new stake in shares of Yelp in the 1st quarter valued at approximately $1,393,000. Dimensional Fund Advisors LP increased its holdings in Yelp by 20.5% in the first quarter. Dimensional Fund Advisors LP now owns 2,683,927 shares of the local business review company’s stock worth $66,402,000 after buying an additional 457,261 shares during the last quarter. Finally, Parallel Advisors LLC increased its holdings in Yelp by 428.4% in the first quarter. Parallel Advisors LLC now owns 3,720 shares of the local business review company’s stock worth $92,000 after buying an additional 3,016 shares during the last quarter. 90.11% of the stock is owned by institutional investors and hedge funds.

Yelp Stock Down 3.8%

Shares of Yelp stock opened at $23.61 on Wednesday. The stock has a market capitalization of $1.30 billion, a P/E ratio of 11.30, a PEG ratio of 2.24 and a beta of 0.46. The company has a quick ratio of 1.74, a current ratio of 1.75 and a debt-to-equity ratio of 0.16. The stock has a 50 day moving average price of $24.90 and a two-hundred day moving average price of $24.77. Yelp Inc. has a 12-month low of $19.60 and a 12-month high of $34.49.

Yelp (NYSE:YELP) last released its quarterly earnings results on Thursday, August 6th. The local business review company reported $0.57 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.21. Yelp had a net margin of 8.59% and a return on equity of 19.52%. The company had revenue of $375.52 million for the quarter, compared to analyst estimates of $366.89 million. During the same quarter last year, the firm posted $0.67 earnings per share. The company’s quarterly revenue was up 1.4% compared to the same quarter last year. Equities analysts expect that Yelp Inc. will post 1.84 earnings per share for the current year.

Insider Transactions at Yelp

In related news, Director Christine Barone sold 15,507 shares of the firm’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $22.95, for a total value of $355,885.65. Following the transaction, the director directly owned 15,928 shares in the company, valued at approximately $365,547.60. This trade represents a 49.33% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 17,507 shares of company stock valued at $402,481. Company insiders own 8.30% of the company’s stock.

Wall Street Analyst Weigh In

YELP has been the subject of a number of analyst reports. Morgan Stanley reduced their target price on shares of Yelp from $28.00 to $24.00 and set an “underweight” rating for the company in a research note on Friday, May 15th. Evercore set a $30.00 price target on shares of Yelp in a research note on Monday, May 11th. Robert W. Baird set a $28.00 price target on shares of Yelp in a report on Friday, May 8th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Yelp in a research note on Friday. Finally, JPMorgan Chase & Co. upped their price objective on shares of Yelp from $22.00 to $26.00 and gave the stock a “neutral” rating in a report on Friday, May 8th. One equities research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average target price of $27.57.

Yelp Company Profile

Yelp is a digital platform that connects consumers with local businesses through user-generated reviews, ratings and multimedia content. The company’s flagship offerings include the Yelp website and mobile applications for iOS and Android, where users can search for and discover restaurants, shops, service providers and other points of interest. In addition to crowd-sourced reviews and photographs, Yelp provides business profile pages featuring hours, contact information, menus and direct messaging capabilities.

Yelp generates revenue primarily through advertising services sold to small and medium-sized enterprises.