Radnor Capital Management LLC reduced its position in shares of Yelp Inc (NYSE:YELP) by 33.9% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 8,400 shares of the local business review company’s stock after selling 4,300 shares during the period. Radnor Capital Management LLC’s holdings in Yelp were worth $287,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. BlackRock Inc. lifted its holdings in Yelp by 0.4% during the 1st quarter. BlackRock Inc. now owns 10,890,223 shares of the local business review company’s stock valued at $375,714,000 after purchasing an additional 41,724 shares during the last quarter. Jackson Square Partners LLC lifted its holdings in Yelp by 7.2% during the 1st quarter. Jackson Square Partners LLC now owns 2,289,877 shares of the local business review company’s stock valued at $79,000,000 after purchasing an additional 153,257 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in Yelp by 39.3% during the 1st quarter. Victory Capital Management Inc. now owns 1,472,420 shares of the local business review company’s stock valued at $50,798,000 after purchasing an additional 415,525 shares during the last quarter. Clearbridge Investments LLC lifted its holdings in Yelp by 5.3% during the 1st quarter. Clearbridge Investments LLC now owns 1,223,080 shares of the local business review company’s stock valued at $42,196,000 after purchasing an additional 61,232 shares during the last quarter. Finally, Pictet Asset Management Ltd. lifted its holdings in Yelp by 24.7% during the 1st quarter. Pictet Asset Management Ltd. now owns 1,061,622 shares of the local business review company’s stock valued at $36,626,000 after purchasing an additional 210,061 shares during the last quarter. 95.40% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE:YELP traded up $0.53 during trading on Friday, hitting $35.42. 601,303 shares of the company’s stock were exchanged, compared to its average volume of 893,668. Yelp Inc has a 1-year low of $29.33 and a 1-year high of $52.50. The company’s 50-day moving average is $33.87. The company has a debt-to-equity ratio of 0.21, a quick ratio of 5.93 and a current ratio of 5.93. The company has a market capitalization of $2.70 billion, a price-to-earnings ratio of 78.71, a P/E/G ratio of 2.07 and a beta of 1.13.

Yelp (NYSE:YELP) last issued its quarterly earnings results on Thursday, May 9th. The local business review company reported $0.02 EPS for the quarter, hitting the consensus estimate of $0.02. Yelp had a net margin of 6.17% and a return on equity of 4.09%. The company had revenue of $235.94 million during the quarter, compared to analysts’ expectations of $234.96 million. During the same quarter in the previous year, the company earned ($0.03) EPS. Yelp’s revenue was up 5.8% on a year-over-year basis. On average, research analysts predict that Yelp Inc will post 0.68 EPS for the current fiscal year.

YELP has been the subject of a number of research analyst reports. B. Riley set a $13.00 target price on shares of Vista Outdoor and gave the stock a “buy” rating in a research note on Friday, May 10th. Zacks Investment Research raised shares of ZovioInc . from a “sell” rating to a “hold” rating in a research note on Sunday, July 14th. BMO Capital Markets initiated coverage on shares of Yelp in a research note on Wednesday, April 17th. They issued an “outperform” rating for the company. Stifel Nicolaus set a $74.00 target price on shares of InterXion and gave the stock a “buy” rating in a research note on Friday, May 10th. Finally, Morgan Stanley set a $70.00 target price on shares of Edison International and gave the stock a “hold” rating in a research note on Monday, July 15th. Two investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and eight have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $39.37.

Yelp Profile

Yelp Inc operates a platform that connects consumers 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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Institutional Ownership by Quarter for Yelp (NYSE:YELP)

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