Bristlecone Advisors LLC Purchases Shares of 30,932 Yelp Inc. (NYSE:YELP)

Bristlecone Advisors LLC purchased a new position in Yelp Inc. (NYSE:YELP - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 30,932 shares of the local business review company's stock, valued at approximately $1,197,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Sanctuary Advisors LLC purchased a new position in Yelp in the second quarter worth about $499,000. Handelsbanken Fonder AB grew its position in Yelp by 28.5% during the third quarter. Handelsbanken Fonder AB now owns 17,581 shares of the local business review company's stock valued at $617,000 after buying an additional 3,900 shares during the period. GAMMA Investing LLC grew its position in Yelp by 115.9% during the third quarter. GAMMA Investing LLC now owns 976 shares of the local business review company's stock valued at $34,000 after buying an additional 524 shares during the period. CWM LLC grew its position in Yelp by 87.5% during the third quarter. CWM LLC now owns 3,568 shares of the local business review company's stock valued at $125,000 after buying an additional 1,665 shares during the period. Finally, Exchange Traded Concepts LLC grew its position in Yelp by 54.5% during the third quarter. Exchange Traded Concepts LLC now owns 1,148 shares of the local business review company's stock valued at $40,000 after buying an additional 405 shares during the period. 90.11% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Yelp

In related news, insider Craig Saldanha sold 1,000 shares of the stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $37.99, for a total value of $37,990.00. Following the sale, the insider now directly owns 183,558 shares of the company's stock, valued at approximately $6,973,368.42. This represents a 0.54 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CTO Sam Eaton sold 10,744 shares of the stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $35.12, for a total transaction of $377,329.28. Following the completion of the sale, the chief technology officer now directly owns 122,480 shares in the company, valued at approximately $4,301,497.60. The trade was a 8.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 44,011 shares of company stock worth $1,677,131 in the last 90 days. 7.40% of the stock is owned by insiders.

Yelp Price Performance

Shares of YELP stock traded up $0.93 during trading on Thursday, reaching $40.60. The company's stock had a trading volume of 740,959 shares, compared to its average volume of 611,771. Yelp Inc. has a 1-year low of $32.56 and a 1-year high of $45.05. The company has a market capitalization of $2.67 billion, a price-to-earnings ratio of 24.31, a P/E/G ratio of 0.55 and a beta of 1.33. The stock's 50-day moving average price is $39.52 and its 200 day moving average price is $36.52.

Yelp (NYSE:YELP - Get Free Report) last issued its earnings results on Thursday, February 13th. The local business review company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.09. Yelp had a net margin of 8.48% and a return on equity of 16.02%. On average, sell-side analysts anticipate that Yelp Inc. will post 1.8 EPS for the current fiscal year.

Wall Street Analyst Weigh In

YELP has been the subject of several recent analyst reports. Evercore ISI raised shares of Yelp to a "hold" rating in a report on Monday, November 11th. Robert W. Baird decreased their price target on shares of Yelp from $39.00 to $37.00 and set a "neutral" rating on the stock in a research note on Friday, November 8th. StockNews.com upgraded shares of Yelp from a "buy" rating to a "strong-buy" rating in a research report on Monday, November 11th. Finally, Morgan Stanley upped their target price on shares of Yelp from $34.00 to $35.00 and gave the company an "underweight" rating in a research report on Monday, January 13th. Two analysts have rated the stock with a sell rating, six have given a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Yelp presently has a consensus 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.