The company has focused on putting money behind legislation that makes it illegal for businesses to file lawsuits against consumers who review them on websites like Yelp. Pier 88 Investment Partners LLC's holdings in Yelp were worth $528,000 at the end of the most recent quarter.
Several hedge funds have recently bought and sold shares of the company. Legal & General Group Plc increased its position in shares of Yelp by 14.2% in the second quarter. State Street Corp boosted its position in shares of Yelp by 1.9% in the fourth quarter. FNY Partners Fund LP now owns 3,750 shares of the local business review company's stock valued at $122,000 after buying an additional 3,730 shares in the last quarter. Dimensional Fund Advisors LP now owns 97,695 shares of the local business review company's stock worth $3,725,000 after buying an additional 12,259 shares in the last quarter. Strs Ohio purchased a new position in Yelp during the second quarter valued at about $108,000. Millie Capital Management LLC now owns 64,378 shares of the local business review company's stock valued at $2,108,000 after buying an additional 775 shares during the last quarter. $119,960 worth of Yelp Inc (NYSE:YELP) was sold by Donaker Geoffrey L on Tuesday, June 6.More news: American Horror Story: FX Releases Creepy Cult Teasers
Stronger than expected jobs figures helped to lift U.S. stocks as trading got under way on Friday. The company had a trading volume of 13,808,908 shares. The company has a market cap of $2.53 billion, a P/E ratio of 423.92 and a beta of 1.48. Yelp has a 52-week low of $26.93 and a 52-week high of $43.41. The stock's 50 day moving average price is $31.06 and its 200 day moving average price is $33.37. Yelp also was the recipient of unusually large options trading on Thursday. Investors purchased 62,135 put options on the stock.
The deal, which Yelp disclosed in its Q2 earnings announcement on Thursday, is subject to closing conditions, including antitrust approval. The local business review company reported $0.25 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of ($0.03) by $0.28. The company had revenue of $209.90 million during the quarter, compared to analyst estimates of $204.89 million.More news: Robert Pattinson refused to film sex act with dog for 'Good Time'
XAutoplay: On | Off Futures for the Dow Jones industrial average strengthened 0.2% above fair value, looking to add a ninth day to the index's rally and turn the 22,000 mark into a level of support. The company's quarterly revenue was up 21.0% compared to the same quarter past year. Earnings per share were 9 cents per share, versus 1 cent per share, a year ago. Analysts forecast that Yelp will post ($0.08) EPS for the current year. If you are accessing this piece on another site, it was copied illegally and republished in violation of USA and worldwide copyright and trademark laws. The original version of this article can be read at https://www.chaffeybreeze.com/2017/08/04/barclays-plc-reiterates-equal-weight-rating-for-yelp-inc-yelp.html.
The tie-up was hailed by Raymond James analyst Justin Patterson who wrote that "the GrubHub partnership marks the best of both worlds for Yelp" because it "improves the customer service experience, avoids investment/competition, and retains a customer acquisition funnel". Cantor Fitzgerald reaffirmed an "overweight" rating on shares of Yelp in a research report on Monday, April 10th. Finally, Vetr lowered Yelp from a "strong-buy" rating to a "buy" rating and set a $36.94 target price for the company.in a research report on Thursday, April 20th.More news: This Is Us: Sylvester Stallone Cast in Guest Role for Season 2
WARNING: "Needham & Company LLC Reaffirms Buy Rating for Yelp Inc". Finally, Cowen and Company reissued a market perform rating and issued a $39.00 price target on shares of Yelp in a report on Monday, April 24th.
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