Yelp Inc (YELP) Shares Bought by Apertura Capital LLC

Apertura Capital LLC raised its stake in Yelp Inc (NYSE:YELP) by 8,900.0% during the third quarter, Holdings Channel reports. The firm owned 225,000 shares of the local business review company’s stock after purchasing an additional 222,500 shares during the period. Yelp makes up about 2.7% of Apertura Capital LLC’s holdings, making the stock its 13th biggest holding. Apertura Capital LLC’s holdings in Yelp were worth $11,070,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Steward Partners Investment Advisory LLC acquired a new position in shares of Yelp during the 3rd quarter valued at $194,000. Janus Henderson Group PLC acquired a new position in shares of Yelp during the 2nd quarter valued at $206,000. Hartford Investment Management Co. acquired a new position in shares of Yelp during the 3rd quarter valued at $232,000. Gideon Capital Advisors Inc. acquired a new position in shares of Yelp during the 2nd quarter valued at $245,000. Finally, Brasada Capital Management LP lifted its holdings in shares of Yelp by 833.3% during the 3rd quarter. Brasada Capital Management LP now owns 5,600 shares of the local business review company’s stock valued at $276,000 after acquiring an additional 5,000 shares in the last quarter. Institutional investors own 87.48% of the company’s stock.

Several equities research analysts recently issued reports on YELP shares. Zacks Investment Research downgraded shares of Yelp from a “buy” rating to a “hold” rating in a research note on Friday, September 28th. Wedbush reaffirmed an “outperform” rating and set a $60.00 price target on shares of Yelp in a research note on Thursday, September 13th. Robert W. Baird lifted their price target on shares of Yelp from $44.00 to $45.00 and gave the stock a “neutral” rating in a research note on Thursday, August 9th. Royal Bank of Canada lifted their price target on shares of Yelp to $62.00 and gave the stock an “outperform” rating in a research note on Monday, September 17th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Yelp to $57.00 and gave the stock an “overweight” rating in a research note on Thursday, August 9th. Three investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and eight have assigned a buy rating to the stock. Yelp presently has a consensus rating of “Hold” and an average target price of $42.14.

In other news, insider Alan Ramsay sold 6,355 shares of the business’s stock in a transaction dated Monday, November 19th. The shares were sold at an average price of $31.20, for a total value of $198,276.00. Following the completion of the sale, the insider now owns 28,879 shares of the company’s stock, valued at approximately $901,024.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Geoffrey L. Donaker sold 2,000 shares of the business’s stock in a transaction dated Tuesday, August 28th. The stock was sold at an average price of $47.00, for a total transaction of $94,000.00. Following the completion of the sale, the director now directly owns 8,055 shares of the company’s stock, valued at approximately $378,585. The disclosure for this sale can be found here. Insiders sold a total of 198,355 shares of company stock valued at $8,790,591 in the last three months. Insiders own 9.00% of the company’s stock.

YELP opened at $30.74 on Monday. The stock has a market capitalization of $2.55 billion, a PE ratio of 439.14, a P/E/G ratio of 4.30 and a beta of 1.29. Yelp Inc has a 1-year low of $29.33 and a 1-year high of $52.50.

Yelp (NYSE:YELP) last released its earnings results on Thursday, November 8th. The local business review company reported $0.17 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.08 by $0.09. The company had revenue of $241.10 million during the quarter, compared to the consensus estimate of $245.55 million. Yelp had a net margin of 18.04% and a return on equity of 1.34%. The company’s revenue was up 8.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.29 EPS. On average, equities research analysts forecast that Yelp Inc will post 0.37 earnings per share for the current fiscal year.

TRADEMARK VIOLATION WARNING: “Yelp Inc (YELP) Shares Bought by Apertura Capital LLC” was originally published by WKRB News and is the sole property of of WKRB News. If you are reading this report on another publication, it was copied illegally and republished in violation of international copyright and trademark laws. The legal version of this report can be viewed at https://www.wkrb13.com/2018/11/26/yelp-inc-yelp-shares-bought-by-apertura-capital-llc.html.

About Yelp

Yelp Inc operates a platform that connects people with local businesses in the United States, Canada, and internationally. The company's platform covers various local business categories, including restaurants, shopping, beauty and fitness, arts, entertainment and events, home and local services, health, nightlife, travel and hotel, auto, and others.

Featured Story: Hedge Funds Explained

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:YELP).

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.

Leave a Reply