XTX Topco Ltd Sells 8,155 Shares of Yelp Inc. (NYSE:YELP)

XTX Topco Ltd reduced its position in shares of Yelp Inc. (NYSE:YELP) by 57.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,045 shares of the local business review company’s stock after selling 8,155 shares during the period. XTX Topco Ltd’s holdings in Yelp were worth $223,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Personalized Indexing Management LLC increased its holdings in Yelp by 13.2% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 6,879 shares of the local business review company’s stock valued at $254,000 after purchasing an additional 804 shares during the period. Tredje AP fonden bought a new stake in shares of Yelp in the 2nd quarter valued at about $705,000. Edgestream Partners L.P. increased its stake in shares of Yelp by 159.4% in the second quarter. Edgestream Partners L.P. now owns 169,786 shares of the local business review company’s stock valued at $6,274,000 after buying an additional 104,330 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Yelp by 2.0% during the second quarter. Dimensional Fund Advisors LP now owns 1,693,819 shares of the local business review company’s stock worth $62,587,000 after acquiring an additional 33,046 shares during the last quarter. Finally, Meeder Asset Management Inc. acquired a new position in shares of Yelp in the second quarter worth approximately $25,000. Institutional investors and hedge funds own 90.11% of the company’s stock.

Insider Activity

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

Yelp Stock Performance

Shares of NYSE:YELP opened at $34.91 on Monday. Yelp Inc. has a 52-week low of $32.56 and a 52-week high of $48.99. The business’s 50 day simple moving average is $34.50 and its two-hundred day simple moving average is $36.75. The firm has a market cap of $2.34 billion, a P/E ratio of 22.24, a PEG ratio of 0.82 and a beta of 1.33.

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

Wall Street Analyst Weigh In

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

About Yelp

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.