August 10, 2018 – By Heather Owens
Investor Ab decreased its stake in Chinacache Intl Hldg Ltd (CCIH) by 55.41% based on its latest 2018Q1 regulatory filing with the SEC. Investor Ab sold 1.47 million shares as the company’s stock declined 10.65% with the market. The institutional investor held 1.18M shares of the edp services company at the end of 2018Q1, valued at $1.26 million, down from 2.65M at the end of the previous reported quarter. Investor Ab who had been investing in Chinacache Intl Hldg Ltd for a number of months, seems to be less bullish one the $30.64 million market cap company. It closed at $1.15 lastly. It is down 31.75% since August 10, 2017 and is uptrending. It has outperformed by 19.18% the S&P500. Some Historical CCIH News: 26/04/2018 – ChinaCache Appoints Guangsheng Meng as Chief Financial Officer; 10/05/2018 – ChinaCache: Rights Plan Not Adopted in Response to Any Specific Effort to Acquire Control; 22/03/2018 $CCIH fwiw the ChinaCache on Amazon AWS news from yesterday is indeed new. This PR titled “ChinaCache Launches CDN Solution on AWS Marketplace” was disseminated on March 20 in China but not the US; 10/05/2018 – ChinaCache International: Rights Plan Has 15% Trigger; 01/05/2018 – ChinaCache Files 2017 Annual Report on Form 20-F; 10/05/2018 – ChinaCache Adopts Shareholder Rights Plan; 26/04/2018 – CHINACACHE NAMES GUANGSHENG MENG AS CFO; 27/04/2018 – CHINACACHE – DECISION TO TERMINATE DEAL MADE DUE TO PERCEIVED VALUE OF ASSETS IN LIGHT OF INCREASING MARKET DEMAND FOR DATA CENTER SERVICES; 27/04/2018 – CHINACACHE INTERNATIONAL HOLDINGS LTD – TERMINATION OF AGREEMENT WAS APPROVED BY COMPANY’S AUDIT COMMITTEE; 26/04/2018 – CHINACACHE INTERNATIONAL HOLDINGS LTD – APPOINTMENT OF GUANGSHENG MENG AS CHIEF FINANCIAL OFFICER, EFFECTIVE APRIL 20, 2018
Eminence Capital Lp increased its stake in Yelp Inc (YELP) by 26.63% based on its latest 2018Q1 regulatory filing with the SEC. Eminence Capital Lp bought 552,521 shares as the company’s stock declined 2.83% with the market. The hedge fund held 2.63M shares of the other consumer services company at the end of 2018Q1, valued at $109.69M, up from 2.07 million at the end of the previous reported quarter. Eminence Capital Lp who had been investing in Yelp Inc for a number of months, seems to be bullish on the $4.04 billion market cap company. The stock increased 26.65% or $10.17 during the last trading session, reaching $48.33. About 26.30 million shares traded or 1073.45% up from the average. Yelp Inc. (NYSE:YELP) has risen 51.73% since August 10, 2017 and is uptrending. It has outperformed by 39.16% the S&P500. Some Historical YELP News: 15/05/2018 – Yelp Presenting at JPMorgan Conference Tomorrow; 22/05/2018 – Yelp files EU complaint over Google dominance; 21/05/2018 – YELP HOLDER D. E. SHAW REPORTS 5.1% PASSIVE STAKE; 21/05/2018 – YELP HOLDER D. E. SHAW LAST REPORTED ABOUT 4.4% STAKE IN 13F; 21/05/2018 – Jeremy Stoppelman, co-founder of Yelp, said the online review site “would have no shot” if it were being built today; 18/04/2018 – Garmin® hosts second Connect IQ™ Developer Summit, announces Connect IQ 3.0 with new apps from Trailforks, Yelp, iHeartRadio; 10/05/2018 – YELP INC SEES FULL YEAR 2018 ADJUSTED EBITDA OF $179 MLN TO $188 MILLION; 22/05/2018 – Yelp Reactivates Google Antitrust Complaint In EU — MarketWatch; 10/05/2018 – Yelp Sees 2Q Rev $230M-$233M; 10/05/2018 – Yelp 1Q Rev $223M
More notable recent Yelp Inc. (NYSE:YELP) news were published by: Seekingalpha.com which released: “Yelp: The Bears Were Wrong Again” on August 09, 2018, also Streetinsider.com with their article: “Pre-Open Movers 08/09: (BEL) (DNB) (YELP) Higher; (AMPE) (ELF) (RAD) Lower (more…)” published on August 09, 2018, Streetinsider.com published: “After-Hours Stock Movers 08/08: (YELP) (SAIL) (ROKU) Higher; (ACAD) (AMPE) (ELF) Lower (more…)” on August 08, 2018. More interesting news about Yelp Inc. (NYSE:YELP) were released by: Seekingalpha.com and their article: “Yelp Is Worth Billions More” published on July 22, 2018 as well as Nasdaq.com‘s news article titled: “Mid-Afternoon Market Update: Yelp Jumps Following Strong Q2 Earnings; elf Beauty Shares Slide” with publication date: August 09, 2018.
Since February 13, 2018, it had 0 buys, and 34 insider sales for $12.27 million activity. Another trade for 6,000 shares valued at $278,305 was sold by Donaker Geoffrey L. $657,273 worth of Yelp Inc. (NYSE:YELP) shares were sold by Nachman Joseph R.
Investors sentiment decreased to 0.91 in Q1 2018. Its down 0.42, from 1.33 in 2017Q4. It fall, as 38 investors sold YELP shares while 60 reduced holdings. 35 funds opened positions while 54 raised stakes. 62.32 million shares or 2.88% more from 60.57 million shares in 2017Q4 were reported. Millennium Mgmt Lc has 857,030 shares for 0.05% of their portfolio. California State Teachers Retirement Systems accumulated 121,730 shares. 128 are held by Meeder Asset Mngmt Incorporated. 11,397 are held by Quantitative Systematic Strategies Lc. Moreover, Winslow Evans & Crocker Inc has 0% invested in Yelp Inc. (NYSE:YELP) for 500 shares. California Public Employees Retirement System reported 162,832 shares stake. Hap Trading has 128,335 shares for 0.27% of their portfolio. Point72 Asia (Hong Kong) Ltd invested in 158 shares or 0% of the stock. State Board Of Administration Of Florida Retirement Systems holds 0.01% in Yelp Inc. (NYSE:YELP) or 47,702 shares. Credit Suisse Ag has invested 0.01% in Yelp Inc. (NYSE:YELP). Tcw Group Inc accumulated 407,553 shares. California-based Schwab Charles Mngmt has invested 0.01% in Yelp Inc. (NYSE:YELP). Proshare Advisors Ltd Liability Co invested 0% in Yelp Inc. (NYSE:YELP). Fisher Asset Mgmt Ltd Limited Liability Company owns 0.17% invested in Yelp Inc. (NYSE:YELP) for 3.55M shares. Natixis stated it has 0.01% of its portfolio in Yelp Inc. (NYSE:YELP).
Eminence Capital Lp, which manages about $10.55B and $6.71 billion US Long portfolio, decreased its stake in Ptc Inc (NASDAQ:PTC) by 457,709 shares to 1.50 million shares, valued at $117.09M in 2018Q1, according to the filing. It also reduced its holding in Intercontinental Exchange In (NYSE:ICE) by 113,107 shares in the quarter, leaving it with 5.23 million shares, and cut its stake in Paypal Hldgs Inc.
Among 47 analysts covering Yelp (NYSE:YELP), 21 have Buy rating, 6 Sell and 20 Hold. Therefore 45% are positive. Yelp had 167 analyst reports since July 28, 2015 according to SRatingsIntel. RBC Capital Markets upgraded the shares of YELP in report on Thursday, November 2 to “Outperform” rating. As per Thursday, August 3, the company rating was maintained by RBC Capital Markets. The stock of Yelp Inc. (NYSE:YELP) earned “Buy” rating by Raymond James on Friday, August 4. Needham maintained it with “Buy” rating and $25 target in Tuesday, February 9 report. As per Sunday, October 15, the company rating was maintained by Robert W. Baird. The firm earned “Market Perform” rating on Wednesday, May 10 by Wells Fargo. PiperJaffray downgraded Yelp Inc. (NYSE:YELP) on Thursday, December 7 to “Underweight” rating. The rating was maintained by Stifel Nicolaus on Thursday, August 9 with “Hold”. As per Wednesday, August 10, the company rating was upgraded by Bank of America. The stock of Yelp Inc. (NYSE:YELP) has “Buy” rating given on Wednesday, May 10 by Goldman Sachs.
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