Susquehanna Fundamental Investments LLC Purchases Shares of 38,825 Yelp Inc. (NYSE:YELP)

Susquehanna Fundamental Investments LLC purchased a new stake in Yelp Inc. (NYSE:YELP) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 38,825 shares of the local business review company’s stock, valued at approximately $1,435,000. Susquehanna Fundamental Investments LLC owned approximately 0.06% of Yelp at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Quest Partners LLC raised its position in shares of Yelp by 132.7% in the second quarter. Quest Partners LLC now owns 27,094 shares of the local business review company’s stock valued at $1,001,000 after buying an additional 15,451 shares during the last quarter. UniSuper Management Pty Ltd acquired a new position in shares of Yelp in the first quarter valued at approximately $594,000. CastleKnight Management LP raised its position in shares of Yelp by 126.7% in the fourth quarter. CastleKnight Management LP now owns 68,925 shares of the local business review company’s stock valued at $3,263,000 after buying an additional 38,525 shares during the last quarter. CANADA LIFE ASSURANCE Co raised its position in shares of Yelp by 7.6% in the first quarter. CANADA LIFE ASSURANCE Co now owns 61,150 shares of the local business review company’s stock valued at $2,409,000 after buying an additional 4,306 shares during the last quarter. Finally, Ceera Investments LLC raised its position in shares of Yelp by 13.6% in the second quarter. Ceera Investments LLC now owns 173,597 shares of the local business review company’s stock valued at $6,414,000 after buying an additional 20,780 shares during the last quarter. Hedge funds and other institutional investors own 90.11% of the company’s stock.

Insider Activity

In other news, COO Joseph R. Nachman sold 7,000 shares of the company’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $33.25, for a total value of $232,750.00. Following the completion of the transaction, the chief operating officer now directly owns 281,842 shares in the company, valued at $9,371,246.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CTO Sam Eaton sold 10,776 shares of the company’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $35.00, for a total value of $377,160.00. Following the completion of the transaction, the chief technology officer now directly owns 145,171 shares in the company, valued at $5,080,985. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Joseph R. Nachman sold 7,000 shares of the stock in a transaction on Monday, August 5th. The shares were sold at an average price of $33.25, for a total transaction of $232,750.00. Following the transaction, the chief operating officer now owns 281,842 shares in the company, valued at $9,371,246.50. The disclosure for this sale can be found here. Over the last three months, insiders sold 24,776 shares of company stock worth $863,590. 7.40% of the stock is currently owned by company insiders.

Yelp Stock Down 2.1 %

YELP opened at $34.35 on Wednesday. Yelp Inc. has a 52-week low of $32.56 and a 52-week high of $48.99. The company has a 50 day moving average of $34.45 and a two-hundred day moving average of $36.73. The company has a market cap of $2.32 billion, a P/E ratio of 21.88, a P/E/G ratio of 0.82 and a beta of 1.33.

Yelp (NYSE:YELP) last released its quarterly earnings data on Thursday, August 8th. The local business review company reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.27. Yelp had a net margin of 10.01% and a return on equity of 18.71%. The company had revenue of $357.00 million during the quarter, compared to the consensus estimate of $352.98 million. During the same period in the previous year, the firm earned $0.21 earnings per share. Yelp’s revenue for the quarter was up 5.9% on a year-over-year basis. Research analysts anticipate that Yelp Inc. will post 1.65 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on YELP shares. JPMorgan Chase & Co. cut their price objective on shares of Yelp from $38.00 to $35.00 and set a “neutral” rating for the company in a research report on Monday, August 12th. StockNews.com lowered shares of Yelp from a “strong-buy” rating to a “buy” rating in a research report on Monday, August 12th. Wolfe Research assumed coverage on shares of Yelp in a research report on Tuesday, July 16th. They set a “peer perform” rating for the company. Bank of America assumed coverage on shares of Yelp in a research report on Monday, September 16th. They set an “underperform” rating and a $30.00 price target for the company. Finally, Morgan Stanley upped their price target on shares of Yelp from $32.00 to $34.00 and gave the stock an “underweight” rating in a research report on Tuesday, July 23rd. Two research analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $37.20.

Yelp Company Profile

Yelp Inc operates a platform that connects consumers with local businesses in the United States and internationally. The company's platform covers various categories, including restaurants, shopping, beauty and fitness, health, and other categories, as well as home, local, auto, professional, pets, events, real estate, and financial services.