denkapparat Operations GmbH purchased a new stake in Yelp Inc. (NYSE:YELP - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The fund purchased 10,186 shares of the local business review company's stock, valued at approximately $394,000.
Other institutional investors have also recently made changes to their positions in the company. JPMorgan Chase & Co. grew its stake in shares of Yelp by 70.7% in the 4th quarter. JPMorgan Chase & Co. now owns 601,632 shares of the local business review company's stock worth $23,283,000 after buying an additional 249,231 shares in the last quarter. Assenagon Asset Management S.A. raised its holdings in Yelp by 87.0% during the 4th quarter. Assenagon Asset Management S.A. now owns 507,990 shares of the local business review company's stock valued at $19,659,000 after buying an additional 236,400 shares during the period. Norges Bank bought a new stake in Yelp in the fourth quarter worth $7,455,000. Barclays PLC grew its stake 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 valued at $5,627,000 after buying an additional 124,561 shares during the last quarter. Finally, Ellsworth Advisors LLC purchased a new position in Yelp in the 4th quarter worth about $4,279,000. Hedge funds and other institutional investors own 90.11% of the company's stock.
Yelp Trading Up 2.6 %
Shares of YELP traded up $0.97 during midday trading on Tuesday, hitting $38.00. 197,248 shares of the company's stock traded hands, compared to its average volume of 723,210. The firm's fifty day moving average is $37.19 and its 200-day moving average is $36.87. Yelp Inc. has a 1 year low of $32.56 and a 1 year high of $41.72. The stock has a market capitalization of $2.47 billion, a price-to-earnings ratio of 19.79, a price-to-earnings-growth ratio of 0.76 and a beta of 1.40.
Yelp (NYSE:YELP - Get Free Report) last announced its quarterly earnings data on Thursday, February 13th. The local business review company reported $0.62 EPS for the quarter, beating the consensus estimate of $0.53 by $0.09. The firm had revenue of $361.95 million during the quarter, compared to analyst estimates of $350.73 million. Yelp had a net margin of 9.41% and a return on equity of 18.07%. On average, equities research analysts anticipate that Yelp Inc. will post 2.22 EPS for the current year.
Insider Buying and Selling
In other news, CTO Sam Eaton sold 21,989 shares of the company's stock in a transaction on Friday, February 21st. The shares were sold at an average price of $35.70, for a total transaction of $785,007.30. Following the completion of the sale, the chief technology officer now owns 153,159 shares of the company's stock, valued at $5,467,776.30. This represents a 12.55 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO David A. Schwarzbach sold 10,000 shares of the business's stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $39.51, for a total transaction of $395,100.00. Following the transaction, the chief financial officer now owns 191,988 shares in the company, valued at $7,585,445.88. The trade was a 4.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 57,727 shares of company stock worth $2,081,667. 7.40% of the stock is owned by company insiders.
Analyst Upgrades and Downgrades
Separately, Morgan Stanley lifted their target price on Yelp from $34.00 to $35.00 and gave the company an "underweight" rating in a research report on Monday, January 13th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $37.17.
Read Our Latest Research Report on YELP
Yelp Profile
(
Free Report)
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.
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