Daiwa Securities Group Inc. Has $260,000 Holdings in Yelp Inc. (NYSE:YELP)

Daiwa Securities Group Inc. increased its position in shares of Yelp Inc. (NYSE:YELPFree Report) by 633.3% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,600 shares of the local business review company’s stock after buying an additional 5,700 shares during the period. Daiwa Securities Group Inc.’s holdings in Yelp were worth $260,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Hudson Bay Capital Management LP bought a new stake in shares of Yelp in the 3rd quarter valued at about $6,238,000. First Hawaiian Bank bought a new stake in Yelp in the fourth quarter valued at approximately $352,000. Heron Bay Capital Management raised its stake in Yelp by 2.0% in the fourth quarter. Heron Bay Capital Management now owns 14,506 shares of the local business review company’s stock valued at $687,000 after buying an additional 280 shares during the period. Wealthstar Advisors LLC acquired a new stake in shares of Yelp in the fourth quarter valued at approximately $305,000. Finally, Raymond James & Associates boosted its stake in shares of Yelp by 0.6% during the 4th quarter. Raymond James & Associates now owns 104,563 shares of the local business review company’s stock worth $4,950,000 after acquiring an additional 613 shares during the period. 90.11% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

YELP has been the topic of a number of research analyst reports. Robert W. Baird dropped their price target on Yelp from $44.00 to $39.00 and set a “neutral” rating on the stock in a research note on Friday, May 10th. Craig Hallum dropped their price objective on shares of Yelp from $55.00 to $48.00 and set a “buy” rating on the stock in a research report on Friday, May 10th. Finally, Raymond James initiated coverage on shares of Yelp in a report on Wednesday, March 27th. They set a “market perform” rating for the company. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Yelp presently has a consensus rating of “Hold” and an average target price of $40.67.

Get Our Latest Stock Analysis on YELP

Yelp Trading Up 0.5 %

Shares of YELP opened at $35.97 on Friday. Yelp Inc. has a 12 month low of $34.76 and a 12 month high of $48.99. The firm’s 50 day moving average is $36.83 and its 200-day moving average is $39.81. The stock has a market capitalization of $2.43 billion, a PE ratio of 22.91 and a beta of 1.33.

Yelp (NYSE:YELPGet Free Report) last issued its quarterly earnings results on Thursday, May 9th. The local business review company reported $0.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.04 by $0.16. The business had revenue of $332.75 million for the quarter, compared to the consensus estimate of $333.66 million. Yelp had a return on equity of 15.69% and a net margin of 8.44%. Equities research analysts predict that Yelp Inc. will post 1.39 earnings per share for the current fiscal year.

Insider Activity at Yelp

In other Yelp news, COO Joseph R. Nachman sold 7,000 shares of the stock in a transaction dated Friday, July 5th. The shares were sold at an average price of $36.24, for a total transaction of $253,680.00. Following the sale, the chief operating officer now directly owns 288,842 shares in the company, valued at $10,467,634.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Yelp news, COO Joseph R. Nachman sold 7,000 shares of the company’s stock in a transaction on Friday, July 5th. The stock was sold at an average price of $36.24, for a total transaction of $253,680.00. Following the completion of the sale, the chief operating officer now directly owns 288,842 shares in the company, valued at $10,467,634.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO David A. Schwarzbach sold 2,750 shares of Yelp stock in a transaction on Monday, April 15th. The shares were sold at an average price of $40.63, for a total value of $111,732.50. Following the completion of the transaction, the chief financial officer now owns 258,848 shares in the company, valued at approximately $10,516,994.24. The disclosure for this sale can be found here. Insiders sold a total of 56,818 shares of company stock valued at $2,109,323 over the last quarter. 7.40% of the stock is owned by corporate insiders.

Yelp Profile

(Free Report)

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.

Featured Stories

Want to see what other hedge funds are holding YELP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Yelp Inc. (NYSE:YELPFree Report).

Institutional Ownership by Quarter for Yelp (NYSE:YELP)

Receive News & Ratings for Yelp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Yelp and related companies with MarketBeat.com's FREE daily email newsletter.