Fox Run Management L.L.C. Acquires Shares of 10,500 Yelp Inc. (YELP)

Fox Run Management L.L.C. acquired a new position in shares of Yelp Inc. (NYSE:YELP) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 10,500 shares of the local business review company’s stock, valued at approximately $455,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Strs Ohio bought a new position in Yelp during the second quarter worth $108,000. FNY Partners Fund LP boosted its stake in Yelp by 18,650.0% during the first quarter. FNY Partners Fund LP now owns 3,750 shares of the local business review company’s stock worth $122,000 after acquiring an additional 3,730 shares in the last quarter. Russell Investments Group Ltd. boosted its stake in Yelp by 98.8% during the second quarter. Russell Investments Group Ltd. now owns 4,091 shares of the local business review company’s stock worth $123,000 after acquiring an additional 2,033 shares in the last quarter. Ameritas Investment Partners Inc. bought a new position in Yelp during the second quarter worth $205,000. Finally, ProShare Advisors LLC bought a new position in Yelp during the second quarter worth $215,000. Institutional investors own 89.28% of the company’s stock.

In related news, CEO Jeremy Stoppelman sold 13,000 shares of Yelp stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $40.00, for a total transaction of $520,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Charles Baker sold 3,921 shares of Yelp stock in a transaction dated Tuesday, August 22nd. The stock was sold at an average price of $41.45, for a total value of $162,525.45. Following the sale, the chief financial officer now directly owns 112,941 shares of the company’s stock, valued at approximately $4,681,404.45. The disclosure for this sale can be found here. In the last three months, insiders sold 366,481 shares of company stock valued at $15,712,350. Corporate insiders own 10.10% of the company’s stock.

A number of research analysts have weighed in on YELP shares. B. Riley reaffirmed a “neutral” rating and issued a $36.00 price objective on shares of Yelp in a research note on Friday, August 4th. Barclays PLC reaffirmed an “equal weight” rating and issued a $36.00 price objective (up from $28.00) on shares of Yelp in a research note on Friday, August 4th. Roth Capital raised their price objective on shares of Yelp from $35.00 to $41.00 and gave the company a “neutral” rating in a research note on Tuesday. Cantor Fitzgerald reaffirmed a “hold” rating and issued a $44.00 price objective on shares of Yelp in a research note on Wednesday. Finally, Royal Bank Of Canada raised their price objective on shares of Yelp from $27.00 to $36.00 and gave the company a “sector perform” rating in a research note on Friday, August 4th. One investment analyst has rated the stock with a sell rating, twenty have assigned a hold rating and nineteen have assigned a buy rating to the company. Yelp currently has an average rating of “Hold” and an average price target of $41.06.

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Yelp Inc. (NYSE:YELP) opened at 46.72 on Wednesday. The firm’s 50-day moving average is $44.18 and its 200 day moving average is $36.59. Yelp Inc. has a 1-year low of $26.93 and a 1-year high of $47.20. The company has a market cap of $3.82 billion, a PE ratio of 295.70 and a beta of 1.34.

Yelp (NYSE:YELP) last issued its quarterly earnings results on Thursday, August 3rd. The local business review company reported $0.09 earnings per share for the quarter, topping the consensus estimate of ($0.03) by $0.12. The business had revenue of $209.90 million during the quarter, compared to the consensus estimate of $204.89 million. Yelp had a return on equity of 1.60% and a net margin of 1.67%. The company’s quarterly revenue was up 21.0% on a year-over-year basis. During the same quarter last year, the company earned $0.16 earnings per share. Analysts predict that Yelp Inc. will post $0.07 earnings per share for the current fiscal year.

Yelp announced that its board has approved a share buyback program on Thursday, August 3rd that permits the company to buyback $200.00 million in shares. This buyback authorization permits the local business review company to buy up to 7.9% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s leadership believes its stock is undervalued.

Yelp Company Profile

Yelp Inc (Yelp) connects people with local businesses by bringing ‘word of mouth’ online and providing a platform for businesses and consumers to engage and transact. The Company offers local business review sites. Yelp provides a platform for consumers to share their everyday local business experiences with other consumers by posting reviews, tips, photos and videos, and to engage directly with businesses, through reviews, its Request-A-Quote and Message the Business features, and by completing transactions on the Yelp Platform.

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Institutional Ownership by Quarter for Yelp (NYSE:YELP)

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