Capital Impact Advisors LLC Has $791,000 Position in Yelp Inc. (NYSE:YELP)

Capital Impact Advisors LLC grew its holdings in shares of Yelp Inc. (NYSE:YELP – Get Rating) by 3.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 26,927 shares of the local business review company’s stock after acquiring an additional 866 shares during the period. Yelp accounts for approximately 0.8% of Capital Impact Advisors LLC’s investment portfolio, making the stock its 28th biggest holding. Capital Impact Advisors LLC’s holdings in Yelp were worth $791,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of YELP. Altshuler Shaham Ltd acquired a new stake in Yelp during the 3rd quarter worth about $32,000. Quadrant Capital Group LLC grew its stake in shares of Yelp by 497.3% in the 3rd quarter. Quadrant Capital Group LLC now owns 2,616 shares of the local business review company’s stock valued at $89,000 after buying an additional 2,178 shares during the period. Captrust Financial Advisors grew its stake in shares of Yelp by 16.2% in the 1st quarter. Captrust Financial Advisors now owns 4,033 shares of the local business review company’s stock valued at $138,000 after buying an additional 563 shares during the period. PNC Financial Services Group Inc. grew its stake in shares of Yelp by 33.5% in the 1st quarter. PNC Financial Services Group Inc. now owns 4,944 shares of the local business review company’s stock valued at $169,000 after buying an additional 1,241 shares during the period. Finally, KBC Group NV acquired a new stake in shares of Yelp in the 3rd quarter valued at about $179,000. 93.01% of the stock is currently owned by institutional investors and hedge funds.

Yelp Stock Performance

Shares of NYSE YELP opened at $29.78 on Friday. Yelp Inc. has a fifty-two week low of $25.30 and a fifty-two week high of $39.26. The firm’s 50-day simple moving average is $30.19 and its 200 day simple moving average is $31.47. The stock has a market cap of $2.07 billion, a price-to-earnings ratio of 58.39 and a beta of 1.45.

Yelp (NYSE:YELP – Get Rating) last posted its earnings results on Thursday, February 9th. The local business review company reported $0.28 EPS for the quarter, missing the consensus estimate of $0.31 by ($0.03). Yelp had a return on equity of 5.09% and a net margin of 3.05%. The firm had revenue of $309.10 million for the quarter, compared to the consensus estimate of $306.34 million. During the same period in the prior year, the business earned $0.30 EPS. Yelp’s quarterly revenue was up 13.1% compared to the same quarter last year. On average, sell-side analysts predict that Yelp Inc. will post 0.92 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have recently commented on YELP. TheStreet downgraded Yelp from a “b-” rating to a “c” rating in a research note on Thursday, December 8th. Morgan Stanley raised their target price on Yelp from $26.00 to $28.00 and gave the company an “underweight” rating in a research note on Friday, February 10th. JPMorgan Chase & Co. downgraded Yelp from a “neutral” rating to an “underweight” rating and reduced their target price for the company from $34.00 to $23.00 in a research note on Tuesday, December 20th. Credit Suisse Group raised their price target on shares of Yelp from $42.00 to $45.00 and gave the company an “outperform” rating in a research report on Friday, February 10th. Finally, StockNews.com initiated coverage on shares of Yelp in a research report on Thursday. They issued a “buy” rating on the stock. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $36.00.

Insiders Place Their Bets

In other Yelp news, CEO Jeremy Stoppelman sold 15,000 shares of Yelp stock in a transaction that occurred on Friday, January 27th. The shares were sold at an average price of $31.12, for a total transaction of $466,800.00. Following the transaction, the chief executive officer now owns 646,803 shares of the company’s stock, valued at approximately $20,128,509.36. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In related news, COO Joseph R. Nachman sold 6,000 shares of Yelp stock in a transaction that occurred on Wednesday, December 21st. The shares were sold at an average price of $25.77, for a total value of $154,620.00. Following the sale, the chief operating officer now owns 265,053 shares of the company’s stock, valued at approximately $6,830,415.81. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jeremy Stoppelman sold 15,000 shares of Yelp stock in a transaction that occurred on Friday, January 27th. The stock was sold at an average price of $31.12, for a total transaction of $466,800.00. Following the completion of the sale, the chief executive officer now directly owns 646,803 shares in the company, valued at approximately $20,128,509.36. The disclosure for this sale can be found here. Insiders have sold a total of 390,605 shares of company stock valued at $11,371,956 in the last 90 days. 7.70% of the stock is currently owned by corporate insiders.

About Yelp

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Yelp, Inc engages in the business of operating a community-driven platform that connects people with great local businesses. The company was founded by Jeremy Stoppelman and Russell Simmons in July 2004 and is headquartered in San Francisco, CA.