Yelp Inc (NYSE:YELP) Shares Acquired by SG Americas Securities LLC

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SG Americas Securities LLC grew its stake in Yelp Inc (NYSE:YELP) by 156.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 62,861 shares of the local business review company’s stock after purchasing an additional 38,384 shares during the quarter. SG Americas Securities LLC owned approximately 0.08% of Yelp worth $2,149,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. NJ State Employees Deferred Compensation Plan boosted its position in Yelp by 5.9% during the first quarter. NJ State Employees Deferred Compensation Plan now owns 18,000 shares of the local business review company’s stock worth $621,000 after acquiring an additional 1,000 shares during the last quarter. Texas Permanent School Fund boosted its position in Yelp by 2.4% during the first quarter. Texas Permanent School Fund now owns 51,238 shares of the local business review company’s stock worth $1,768,000 after acquiring an additional 1,218 shares during the last quarter. Great West Life Assurance Co. Can boosted its position in Yelp by 3.3% during the first quarter. Great West Life Assurance Co. Can now owns 46,884 shares of the local business review company’s stock worth $1,616,000 after acquiring an additional 1,486 shares during the last quarter. Steward Partners Investment Advisory LLC acquired a new position in Yelp during the second quarter worth about $78,000. Finally, Ingalls & Snyder LLC boosted its position in Yelp by 2.6% during the second 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. Institutional investors and hedge funds own 95.40% of the company’s stock.

A number of equities analysts recently weighed in on the stock. Zacks Investment Research lowered shares of Yelp from a “hold” rating to a “sell” rating and set a $37.00 price target on the stock. in a research report on Sunday, July 14th. Morgan Stanley set a $32.00 target price on shares of Yelp and gave the company a “sell” rating in a report on Monday, July 15th. Royal Bank of Canada reiterated an “outperform” rating and issued a $44.00 target price (up from $42.00) on shares of Yelp in a report on Friday, August 9th. Oppenheimer reiterated a “hold” rating on shares of Yelp in a report on Friday, August 9th. Finally, B. Riley lowered shares of Yelp from a “buy” rating to a “neutral” rating and decreased their target price for the company from $50.00 to $42.00 in a report on Friday, May 10th. Two analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and seven have assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $37.74.

Yelp stock opened at $32.97 on Friday. The company’s 50 day simple moving average is $34.97 and its 200-day simple moving average is $35.25. The company has a market capitalization of $2.68 billion, a price-to-earnings ratio of 73.27, a price-to-earnings-growth ratio of 2.06 and a beta of 1.10. Yelp Inc has a 1 year low of $29.33 and a 1 year high of $52.50. The company has a debt-to-equity ratio of 0.26, a quick ratio of 5.93 and a current ratio of 3.91.

Yelp (NYSE:YELP) last released its quarterly earnings results on Thursday, August 8th. The local business review company reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.04. The business had revenue of $246.96 million for the quarter, compared to the consensus estimate of $247.63 million. Yelp had a net margin of 6.26% and a return on equity of 4.62%. The business’s revenue was up 5.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.12 EPS. Equities analysts expect that Yelp Inc will post 0.68 earnings per share for the current year.

Yelp Company Profile

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.

Further Reading: Understanding Market Liquidity

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Institutional Ownership by Quarter for Yelp (NYSE:YELP)

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