Proficio Capital Partners LLC Makes New $704,000 Investment in Yelp Inc. (NYSE:YELP)

Proficio Capital Partners LLC purchased a new stake in Yelp Inc. (NYSE:YELP - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 18,189 shares of the local business review company's stock, valued at approximately $704,000.

Other large investors have also modified their holdings of the company. Assenagon Asset Management S.A. lifted its holdings in shares of Yelp by 87.0% during the fourth quarter. Assenagon Asset Management S.A. now owns 507,990 shares of the local business review company's stock worth $19,659,000 after purchasing an additional 236,400 shares during the period. Barclays PLC lifted its holdings in shares of Yelp by 347.9% during the third quarter. Barclays PLC now owns 160,363 shares of the local business review company's stock worth $5,627,000 after purchasing an additional 124,561 shares during the period. Ellsworth Advisors LLC acquired a new stake in shares of Yelp during the fourth quarter worth $4,279,000. Bridgewater Associates LP lifted its holdings in shares of Yelp by 136.5% during the third quarter. Bridgewater Associates LP now owns 181,622 shares of the local business review company's stock worth $6,371,000 after purchasing an additional 104,839 shares during the period. Finally, Holocene Advisors LP acquired a new stake in shares of Yelp during the third quarter worth $2,859,000. 90.11% of the stock is owned by institutional investors and hedge funds.

Yelp Trading Down 0.4 %

Shares of YELP stock traded down $0.15 during mid-day trading on Monday, reaching $35.01. The stock had a trading volume of 541,092 shares, compared to its average volume of 683,428. Yelp Inc. has a 12-month low of $32.56 and a 12-month high of $41.72. The company has a market cap of $2.30 billion, a P/E ratio of 18.19, a price-to-earnings-growth ratio of 0.76 and a beta of 1.40. The business has a 50-day simple moving average of $38.27 and a 200 day simple moving average of $36.66.

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Yelp (NYSE:YELP - Get Free Report) last announced its quarterly earnings results on Thursday, February 13th. The local business review company reported $0.62 earnings per share for the quarter, beating analysts' consensus estimates of $0.53 by $0.09. Yelp had a return on equity of 18.07% and a net margin of 9.41%. The business had revenue of $361.95 million during the quarter, compared to analysts' expectations of $350.73 million. Research analysts anticipate that Yelp Inc. will post 2.22 EPS for the current year.

Insider Activity at Yelp

In other Yelp news, CTO Sam Eaton sold 21,989 shares of the firm's stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $35.70, for a total value of $785,007.30. Following the sale, the chief technology officer now directly owns 153,159 shares of the company's stock, valued at approximately $5,467,776.30. This trade represents a 12.55 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Carmen Amara sold 1,500 shares of the firm's stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $33.16, for a total value of $49,740.00. Following the completion of the sale, the insider now directly owns 107,207 shares in the company, valued at approximately $3,554,984.12. The trade was a 1.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 56,489 shares of company stock valued at $2,087,187 over the last quarter. Insiders own 7.40% of the company's stock.

Analyst Upgrades and Downgrades

YELP has been the subject of several research analyst reports. Morgan Stanley increased their price objective on Yelp from $34.00 to $35.00 and gave the stock an "underweight" rating in a research report on Monday, January 13th. StockNews.com upgraded Yelp from a "buy" rating to a "strong-buy" rating in a research report on Monday, November 11th. Finally, Evercore ISI upgraded Yelp to a "hold" rating in a research report on Monday, November 11th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, one has given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $37.17.

Yelp Profile

Yelp Inc operates a platform that connects consumers with local businesses in the United States and internationally. The company's platform covers various 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.