Pacer Advisors Inc. Has $99.60 Million Stock Holdings in Yelp Inc. (NYSE:YELP)

Pacer Advisors Inc. grew its position in Yelp Inc. (NYSE:YELP) by 4.3% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,695,536 shares of the local business review company’s stock after purchasing an additional 111,936 shares during the period. Pacer Advisors Inc. owned about 4.00% of Yelp worth $99,600,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Yelp by 0.3% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 86,231 shares of the local business review company’s stock worth $3,398,000 after acquiring an additional 288 shares during the period. CWM LLC raised its holdings in shares of Yelp by 24.7% during the second quarter. CWM LLC now owns 1,903 shares of the local business review company’s stock worth $70,000 after acquiring an additional 377 shares during the period. Parallel Advisors LLC raised its holdings in shares of Yelp by 38.7% during the fourth quarter. Parallel Advisors LLC now owns 1,497 shares of the local business review company’s stock worth $71,000 after acquiring an additional 418 shares during the period. Fifth Third Bancorp raised its holdings in shares of Yelp by 262.8% during the second quarter. Fifth Third Bancorp now owns 664 shares of the local business review company’s stock worth $25,000 after acquiring an additional 481 shares during the period. Finally, SYSTM Wealth Solutions LLC raised its holdings in shares of Yelp by 33.9% during the first quarter. SYSTM Wealth Solutions LLC now owns 2,036 shares of the local business review company’s stock worth $80,000 after acquiring an additional 515 shares during the period. 90.11% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Yelp Price Performance

Shares of YELP opened at $34.28 on Friday. The firm has a 50-day moving average of $34.79 and a 200-day moving average of $36.90. Yelp Inc. has a one year low of $32.56 and a one year high of $48.99. The company has a market cap of $2.31 billion, a PE ratio of 21.83 and a beta of 1.33.

Yelp (NYSE:YELP) last announced its quarterly earnings data on Thursday, August 8th. The local business review company reported $0.54 EPS for the quarter, beating analysts’ consensus estimates 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 quarter last year, the firm posted $0.21 EPS. The company’s quarterly revenue was up 5.9% on a year-over-year basis. Analysts expect that Yelp Inc. will post 1.65 earnings per share for the current year.

Insider Activity

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

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.