Ellsworth Advisors LLC Purchases New Position in Yelp Inc. (NYSE:YELP)

Ellsworth Advisors LLC purchased a new stake in Yelp Inc. (NYSE:YELP - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 110,567 shares of the local business review company's stock, valued at approximately $4,279,000. Ellsworth Advisors LLC owned approximately 0.17% of Yelp as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Exchange Traded Concepts LLC grew its stake in Yelp by 54.5% in the 3rd quarter. Exchange Traded Concepts LLC now owns 1,148 shares of the local business review company's stock valued at $40,000 after purchasing an additional 405 shares during the period. GAMMA Investing LLC increased its position in Yelp by 115.9% in the third quarter. GAMMA Investing LLC now owns 976 shares of the local business review company's stock worth $34,000 after buying an additional 524 shares during the last quarter. Signaturefd LLC increased its holdings in Yelp by 98.5% in the 3rd quarter. Signaturefd LLC now owns 1,175 shares of the local business review company's stock worth $41,000 after acquiring an additional 583 shares during the last quarter. Quarry LP raised its stake in Yelp by 153.4% in the 2nd quarter. Quarry LP now owns 1,323 shares of the local business review company's stock valued at $49,000 after acquiring an additional 801 shares during the period. Finally, Vanguard Personalized Indexing Management LLC lifted its holdings in Yelp by 13.2% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 6,879 shares of the local business review company's stock valued at $254,000 after purchasing an additional 804 shares during the last quarter. Institutional investors and hedge funds own 90.11% of the company's stock.

Insider Buying and Selling at Yelp

In other Yelp news, CTO Sam Eaton sold 10,744 shares of the stock in a transaction on 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 owns 122,480 shares of the company's stock, valued at $4,301,497.60. This represents a 8.06 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Carmen Amara sold 12,854 shares of the business's stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $38.17, for a total transaction of $490,637.18. Following the completion of the transaction, the insider now owns 88,813 shares in the company, valued at $3,389,992.21. The trade was a 12.64 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 55,865 shares of company stock worth $2,129,368 over the last three months. Company insiders own 7.40% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on YELP shares. Evercore ISI raised shares of Yelp to a "hold" rating in a report on Monday, November 11th. Morgan Stanley boosted their price objective on shares of Yelp from $34.00 to $35.00 and gave the company an "underweight" rating in a research note on Monday, January 13th. Robert W. Baird cut their price target on shares of Yelp from $39.00 to $37.00 and set a "neutral" rating for the company in a report on Friday, November 8th. The Goldman Sachs Group cut Yelp from a "buy" rating to a "neutral" rating and lowered their price target for the company from $46.00 to $38.00 in a report on Monday, October 14th. Finally, StockNews.com raised shares of Yelp from a "buy" rating to a "strong-buy" rating in a research note on Monday, November 11th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, Yelp presently has an average rating of "Hold" and a consensus target price of $37.17.

Yelp Stock Up 0.3 %

Shares of Yelp stock traded up $0.13 during trading on Monday, reaching $40.65. The company's stock had a trading volume of 453,097 shares, compared to its average volume of 595,718. Yelp Inc. has a 52-week low of $32.56 and a 52-week high of $45.91. The firm's 50-day moving average is $38.49 and its two-hundred day moving average is $36.07. The company has a market cap of $2.68 billion, a price-to-earnings ratio of 24.34, a PEG ratio of 0.53 and a beta of 1.34.

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.