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.
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.
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.
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