Forex
Royal Bank Boosts Stake in Yelp Amid Strong Earnings
Royal Bank of Canada increased its stake in Yelp Inc. by 14% during Q1, purchasing an additional 44,087 shares. The fund now owns about 0.65% of Yelp's stock worth $8,870,000.
Empowered Funds LLC raised its position in Yelp by 192.8% in the first quarter, owning 367,028 shares valued at $9,080,000 after buying an additional 241,656 shares during the last quarter.
Yelp's stock opened at $25.67 on Monday and has a market cap of $1.41 billion. The company reported adjusted earnings of $0.62 per share, exceeding analyst estimates of $0.32-$0.36, with revenue of $375.5 million surpassing expectations.