Yelp Inc (YELP) Position Reduced by TIAA CREF Investment Management LLC

TIAA CREF Investment Management LLC trimmed its holdings in shares of Yelp Inc (NYSE:YELP) by 25.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 417,224 shares of the local business review company’s stock after selling 144,089 shares during the quarter. TIAA CREF Investment Management LLC owned about 0.50% of Yelp worth $17,507,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also bought and sold shares of the company. Paloma Partners Management Co boosted its holdings in shares of Yelp by 145.9% in the 4th quarter. Paloma Partners Management Co now owns 13,719 shares of the local business review company’s stock worth $575,000 after purchasing an additional 43,633 shares in the last quarter. HBK Investments L P purchased a new position in shares of Yelp in the 4th quarter worth about $2,887,000. California State Teachers Retirement System boosted its holdings in shares of Yelp by 1.3% in the 4th quarter. California State Teachers Retirement System now owns 125,997 shares of the local business review company’s stock worth $5,287,000 after purchasing an additional 1,582 shares in the last quarter. Two Sigma Advisers LP boosted its holdings in shares of Yelp by 3,047.5% in the 4th quarter. Two Sigma Advisers LP now owns 344,749 shares of the local business review company’s stock worth $14,466,000 after purchasing an additional 333,796 shares in the last quarter. Finally, QS Investors LLC boosted its holdings in shares of Yelp by 764.5% in the 4th quarter. QS Investors LLC now owns 54,300 shares of the local business review company’s stock worth $2,278,000 after purchasing an additional 48,019 shares in the last quarter. Institutional investors and hedge funds own 87.82% of the company’s stock.

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In other news, Director Geoffrey L. Donaker sold 6,000 shares of the stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $39.62, for a total value of $237,720.00. Following the completion of the transaction, the director now owns 9,590 shares of the company’s stock, valued at approximately $379,955.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Jeremy Stoppelman sold 13,000 shares of the stock in a transaction that occurred on Tuesday, January 9th. The stock was sold at an average price of $43.63, for a total value of $567,190.00. The disclosure for this sale can be found here. Insiders sold a total of 205,000 shares of company stock valued at $8,860,265 in the last three months. Corporate insiders own 10.10% of the company’s stock.

A number of research firms have recently issued reports on YELP. Stifel Nicolaus cut their price objective on Yelp from $40.00 to $38.00 and set a “hold” rating for the company in a report on Thursday, February 8th. SunTrust Banks set a $50.00 price objective on Yelp and gave the stock a “buy” rating in a report on Thursday, February 8th. Zacks Investment Research reiterated a “hold” rating on shares of Yelp in a report on Saturday, January 13th. Barclays upped their price objective on Yelp from $43.00 to $44.00 and gave the stock an “equal weight” rating in a report on Thursday, February 8th. Finally, B. Riley reiterated a “neutral” rating on shares of Yelp in a report on Tuesday, February 6th. Four equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and sixteen have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $43.56.

NYSE:YELP opened at $41.75 on Friday. The company has a market cap of $3,485.04, a price-to-earnings ratio of 596.43, a price-to-earnings-growth ratio of 6.43 and a beta of 1.11. Yelp Inc has a one year low of $26.93 and a one year high of $48.40.

Yelp (NYSE:YELP) last released its quarterly earnings results on Wednesday, February 7th. The local business review company reported ($0.09) EPS for the quarter, beating analysts’ consensus estimates of ($0.25) by $0.16. The business had revenue of $218.25 million during the quarter, compared to analyst estimates of $215.12 million. Yelp had a return on equity of 0.23% and a net margin of 18.05%. equities research analysts forecast that Yelp Inc will post 0.25 earnings per share for the current fiscal year.

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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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