Quent Capital LLC Has $1.37 Million Stake in Yelp Inc. (NYSE:YELP)

Quent Capital LLC grew its stake in Yelp Inc. (NYSE:YELP) by 31.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 37,500 shares of the local business review company’s stock after purchasing an additional 8,900 shares during the period. Quent Capital LLC owned about 0.05% of Yelp worth $1,365,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. PNC Financial Services Group Inc. boosted its position in shares of Yelp by 33.5% during 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 acquiring an additional 1,241 shares in the last quarter. MetLife Investment Management LLC boosted its position in shares of Yelp by 41.2% during the 1st quarter. MetLife Investment Management LLC now owns 81,542 shares of the local business review company’s stock valued at $2,781,000 after acquiring an additional 23,806 shares in the last quarter. Rhumbline Advisers boosted its position in shares of Yelp by 4.2% during the 1st quarter. Rhumbline Advisers now owns 196,631 shares of the local business review company’s stock valued at $6,707,000 after acquiring an additional 8,007 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in shares of Yelp by 10.5% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 25,154 shares of the local business review company’s stock valued at $858,000 after acquiring an additional 2,398 shares in the last quarter. Finally, Great West Life Assurance Co. Can boosted its position in shares of Yelp by 9.2% during the 1st quarter. Great West Life Assurance Co. Can now owns 39,573 shares of the local business review company’s stock valued at $1,389,000 after acquiring an additional 3,344 shares in the last quarter. 90.11% of the stock is currently owned by institutional investors and hedge funds.

Yelp Stock Performance

Shares of NYSE YELP traded down $0.79 during trading on Friday, reaching $42.78. The company had a trading volume of 1,563,468 shares, compared to its average volume of 614,185. Yelp Inc. has a 52 week low of $25.30 and a 52 week high of $47.59. The stock has a market cap of $2.94 billion, a PE ratio of 71.28 and a beta of 1.46. The business’s 50 day moving average price is $42.58 and its 200-day moving average price is $35.60.

Yelp (NYSE:YELP) last announced its earnings results on Thursday, August 3rd. The local business review company reported $0.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.15 by $0.06. Yelp had a net margin of 3.38% and a return on equity of 6.46%. The company had revenue of $337.13 million during the quarter, compared to the consensus estimate of $325.96 million. Equities analysts anticipate that Yelp Inc. will post 1.02 earnings per share for the current year.

Wall Street Analysts Forecast Growth

YELP has been the topic of several recent research reports. TheStreet upgraded shares of Yelp from a “c+” rating to a “b” rating in a research report on Thursday, August 3rd. The Goldman Sachs Group raised shares of Yelp from a “neutral” rating to a “buy” rating and lifted their price target for the company from $39.00 to $47.00 in a report on Monday, July 17th. Jefferies Financial Group lifted their price target on shares of Yelp from $32.00 to $39.00 and gave the company a “hold” rating in a report on Tuesday, July 25th. Craig Hallum assumed coverage on shares of Yelp in a report on Friday, July 28th. They set a “buy” rating and a $54.00 price target for the company. Finally, StockNews.com assumed coverage on shares of Yelp in a report on Thursday, August 17th. They set a “strong-buy” rating for the company. Three research analysts have rated the stock with a sell rating, two have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $39.56.

Insider Transactions at Yelp

In related news, insider Carmen Orr sold 12,468 shares of the business’s stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $43.25, for a total transaction of $539,241.00. Following the completion of the transaction, the insider now owns 86,580 shares in the company, valued at $3,744,585. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, COO Joseph R. Nachman sold 6,000 shares of the business’s stock in a transaction on Tuesday, June 27th. The shares were sold at an average price of $35.16, for a total value of $210,960.00. Following the sale, the chief operating officer now owns 315,487 shares of the company’s stock, valued at $11,092,522.92. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Carmen Orr sold 12,468 shares of the business’s stock in a transaction on Monday, August 14th. The stock was sold at an average price of $43.25, for a total transaction of $539,241.00. Following the completion of the sale, the insider now directly owns 86,580 shares in the company, valued at approximately $3,744,585. The disclosure for this sale can be found here. Insiders sold a total of 117,068 shares of company stock worth $5,159,875 in the last quarter. 7.20% of the stock is owned by company insiders.

Yelp Company Profile

Yelp Inc operates a platform that connects consumers with local businesses in the United States and internationally. The company's platform covers various local business categories, including restaurants, shopping, beauty and fitness, health, and other categories, as well as home, local, auto, professional, pets, events, real estate, and financial services.