D. E. Shaw & Co. Inc. Has $116.48 Million Stock Holdings in Yelp Inc (NYSE:YELP)

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D. E. Shaw & Co. Inc. grew its position in Yelp Inc (NYSE:YELP) by 44.2% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,407,793 shares of the local business review company’s stock after purchasing an additional 1,043,745 shares during the period. D. E. Shaw & Co. Inc.’s holdings in Yelp were worth $116,479,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of YELP. DekaBank Deutsche Girozentrale increased its position in shares of Yelp by 126.0% during the second quarter. DekaBank Deutsche Girozentrale now owns 4,786 shares of the local business review company’s stock worth $162,000 after acquiring an additional 2,668 shares in the last quarter. Capital Fund Management S.A. increased its position in shares of Yelp by 401.4% during the second quarter. Capital Fund Management S.A. now owns 202,356 shares of the local business review company’s stock worth $6,917,000 after acquiring an additional 162,000 shares in the last quarter. Aurora Investment Counsel increased its position in shares of Yelp by 4.5% during the second quarter. Aurora Investment Counsel now owns 63,521 shares of the local business review company’s stock worth $2,226,000 after acquiring an additional 2,748 shares in the last quarter. Fisher Asset Management LLC increased its position in shares of Yelp by 2.3% during the second quarter. Fisher Asset Management LLC now owns 3,075,596 shares of the local business review company’s stock worth $105,124,000 after acquiring an additional 68,669 shares in the last quarter. Finally, Jeneq Management LP increased its position in shares of Yelp by 31.2% during the second quarter. Jeneq Management LP now owns 314,307 shares of the local business review company’s stock worth $10,743,000 after acquiring an additional 74,654 shares in the last quarter. Institutional investors own 92.69% of the company’s stock.

YELP has been the subject of several research reports. Stifel Nicolaus reissued a “hold” rating and set a $38.00 price objective on shares of Yelp in a research report on Friday, August 9th. Evercore ISI set a $38.00 price objective on shares of Yelp and gave the stock a “hold” rating in a research report on Friday, August 9th. Morgan Stanley set a $32.00 price objective on shares of Yelp and gave the stock a “sell” rating in a research report on Monday, July 15th. Aegis raised shares of Yelp from a “hold” rating to a “buy” rating and set a $45.00 price objective for the company in a research report on Friday, September 13th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $44.00 price objective (up previously from $42.00) on shares of Yelp in a research report on Friday, August 9th. Two research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and eight have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $38.54.

Yelp stock traded down $0.83 during mid-day trading on Friday, reaching $35.47. The company’s stock had a trading volume of 947,396 shares, compared to its average volume of 1,432,189. The company has a market capitalization of $2.62 billion, a price-to-earnings ratio of 67.14, a price-to-earnings-growth ratio of 2.59 and a beta of 1.02. Yelp Inc has a 12 month low of $29.33 and a 12 month high of $52.19. The business’s 50 day simple moving average is $34.23 and its 200 day simple moving average is $34.58. The company has a debt-to-equity ratio of 0.26, a quick ratio of 3.91 and a current ratio of 3.91.

Yelp (NYSE:YELP) last released its earnings results on Thursday, August 8th. The local business review company reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $0.04. The business had revenue of $246.96 million during 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 firm’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.12 earnings per share. As a group, sell-side analysts expect that Yelp Inc will post 0.68 EPS 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.

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Institutional Ownership by Quarter for Yelp (NYSE:YELP)

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