Crystal Rock Capital Management Takes $1.56 Million Position in Yelp Inc (NYSE:YELP)

Crystal Rock Capital Management bought a new position in shares of Yelp Inc (NYSE:YELP) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund bought 45,325 shares of the local business review company’s stock, valued at approximately $1,564,000. Yelp comprises about 1.2% of Crystal Rock Capital Management’s portfolio, making the stock its 25th biggest holding. Crystal Rock Capital Management owned about 0.06% of Yelp as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of YELP. BlackRock Inc. lifted its position in shares of Yelp by 39.8% during the 4th quarter. BlackRock Inc. now owns 10,848,499 shares of the local business review company’s stock valued at $379,588,000 after acquiring an additional 3,088,064 shares during the period. Oregon Public Employees Retirement Fund acquired a new stake in shares of Yelp in the fourth quarter valued at about $31,000. SQN Investors LP increased its stake in shares of Yelp by 43.3% in the fourth quarter. SQN Investors LP now owns 3,337,931 shares of the local business review company’s stock valued at $116,794,000 after buying an additional 1,008,338 shares during the period. Norges Bank acquired a new stake in shares of Yelp in the fourth quarter valued at about $28,189,000. Finally, Bank of New York Mellon Corp increased its stake in shares of Yelp by 120.9% in the fourth quarter. Bank of New York Mellon Corp now owns 826,659 shares of the local business review company’s stock valued at $28,925,000 after buying an additional 452,511 shares during the period. 95.40% of the stock is currently owned by institutional investors and hedge funds.

Shares of Yelp stock traded down $0.62 during midday trading on Friday, hitting $31.72. The company had a trading volume of 557,350 shares, compared to its average volume of 1,808,954. The company has a market capitalization of $2.50 billion, a P/E ratio of 70.49, a PEG ratio of 1.89 and a beta of 1.12. Yelp Inc has a 52-week low of $29.33 and a 52-week high of $52.50. The company has a quick ratio of 5.93, a current ratio of 5.93 and a debt-to-equity ratio of 0.21.

Yelp (NYSE:YELP) last released its quarterly earnings data on Thursday, May 9th. The local business review company reported $0.02 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.02. Yelp had a return on equity of 4.09% and a net margin of 6.17%. The business had revenue of $235.94 million for the quarter, compared to analysts’ expectations of $234.96 million. During the same period in the prior year, the firm posted ($0.03) EPS. The firm’s quarterly revenue was up 5.8% on a year-over-year basis. As a group, equities analysts expect that Yelp Inc will post 0.68 EPS for the current year.

Several equities research analysts have recently weighed in on the company. Stifel Nicolaus reissued a “hold” rating and issued a $38.00 price target on shares of Yelp in a research note on Friday, May 10th. ValuEngine cut Yelp from a “hold” rating to a “sell” rating in a research note on Thursday, March 7th. Zacks Investment Research cut Yelp from a “buy” rating to a “hold” rating in a research note on Monday, February 18th. B. Riley lowered Yelp from a “buy” rating to a “neutral” rating and dropped their target price for the company from $50.00 to $42.00 in a report on Friday, May 10th. Finally, BMO Capital Markets initiated coverage on Yelp in a report on Wednesday, April 17th. They issued an “outperform” rating on the stock. Two research analysts have rated the stock with a sell rating, fifteen have given a hold rating and eight have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $39.42.

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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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