Dimensional Fund Advisors LP Has $62.59 Million Stock Holdings in Yelp Inc. (NYSE:YELP)

Dimensional Fund Advisors LP grew its stake in shares of Yelp Inc. (NYSE:YELP) by 2.0% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,693,819 shares of the local business review company’s stock after purchasing an additional 33,046 shares during the quarter. Dimensional Fund Advisors LP owned about 2.51% of Yelp worth $62,587,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in YELP. Fidelis Capital Partners LLC bought a new stake in shares of Yelp in the 1st quarter valued at about $25,000. Fifth Third Bancorp lifted its position in shares of Yelp by 262.8% in the second quarter. Fifth Third Bancorp now owns 664 shares of the local business review company’s stock valued at $25,000 after buying an additional 481 shares during the last quarter. Meeder Asset Management Inc. bought a new position in shares of Yelp during the 2nd quarter worth approximately $25,000. C M Bidwell & Associates Ltd. acquired a new position in shares of Yelp during the 4th quarter worth approximately $27,000. Finally, Headlands Technologies LLC bought a new stake in Yelp in the 1st quarter valued at $70,000. Institutional investors and hedge funds own 90.11% of the company’s stock.

Insiders Place Their Bets

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

Yelp Stock Performance

Yelp stock opened at $34.91 on Friday. The stock has a market capitalization of $2.34 billion, a P/E ratio of 22.24, a price-to-earnings-growth ratio of 0.82 and a beta of 1.33. Yelp Inc. has a 52 week low of $32.56 and a 52 week high of $48.99. The stock has a fifty day moving average of $34.50 and a 200-day moving average of $36.78.

Yelp (NYSE:YELP) last posted its earnings results on Thursday, August 8th. The local business review company reported $0.54 EPS for the quarter, beating the consensus estimate of $0.27 by $0.27. Yelp had a return on equity of 18.71% and a net margin of 10.01%. The firm had revenue of $357.00 million during the quarter, compared to the consensus estimate of $352.98 million. During the same period last year, the company earned $0.21 earnings per share. The business’s quarterly revenue was up 5.9% on a year-over-year basis. On average, research analysts forecast that Yelp Inc. will post 1.65 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. Wolfe Research started coverage on Yelp in a report on Tuesday, July 16th. They set a “peer perform” rating for the company. Morgan Stanley boosted their price objective on shares of Yelp from $32.00 to $34.00 and gave the company an “underweight” rating in a report on Tuesday, July 23rd. StockNews.com lowered Yelp from a “strong-buy” rating to a “buy” rating in a report on Monday, August 12th. JPMorgan Chase & Co. dropped their price target on Yelp from $38.00 to $35.00 and set a “neutral” rating for the company in a research note on Monday, August 12th. Finally, Bank of America initiated coverage on shares of Yelp in a research report on Monday, September 16th. They set an “underperform” rating and a $30.00 price objective for the company. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $37.20.

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.