Yelp Inc. (NYSE:YELP) Shares Sold by Fisher Asset Management LLC

Fisher Asset Management LLC cut its holdings in Yelp Inc. (NYSE:YELP - Free Report) by 5.0% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 989,376 shares of the local business review company's stock after selling 51,743 shares during the period. Fisher Asset Management LLC owned about 1.50% of Yelp worth $38,289,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. Creative Planning lifted its holdings in shares of Yelp by 168.6% in the third quarter. Creative Planning now owns 19,131 shares of the local business review company's stock valued at $671,000 after purchasing an additional 12,008 shares in the last quarter. International Assets Investment Management LLC raised its position in shares of Yelp by 9,073.1% during the 3rd quarter. International Assets Investment Management LLC now owns 2,385 shares of the local business review company's stock worth $84,000 after purchasing an additional 2,359 shares during the last quarter. US Bancorp DE lifted its stake in Yelp by 18.9% in the 3rd quarter. US Bancorp DE now owns 19,546 shares of the local business review company's stock valued at $686,000 after buying an additional 3,101 shares in the last quarter. Robeco Institutional Asset Management B.V. grew its holdings in Yelp by 114.3% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 279,180 shares of the local business review company's stock valued at $9,794,000 after buying an additional 148,917 shares during the last quarter. Finally, Asset Management One Co. Ltd. purchased a new position in Yelp during the third quarter worth $54,000. 90.11% of the stock is owned by institutional investors and hedge funds.

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Insider Buying and Selling

In other Yelp news, insider Craig Saldanha sold 1,000 shares of the business's stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $37.99, for a total transaction of $37,990.00. Following the completion of the sale, the insider now directly owns 183,558 shares in the company, valued at $6,973,368.42. The trade was a 0.54 % 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, insider Carmen Amara sold 1,500 shares of the firm's stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $33.16, for a total transaction of $49,740.00. Following the completion of the transaction, the insider now directly owns 107,207 shares in the company, valued at approximately $3,554,984.12. This represents a 1.38 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 56,489 shares of company stock valued at $2,087,187. 7.40% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on YELP shares. StockNews.com upgraded Yelp from a "buy" rating to a "strong-buy" rating in a research report on Monday, November 11th. Robert W. Baird reduced their target price on shares of Yelp from $39.00 to $37.00 and set a "neutral" rating on the stock in a report on Friday, November 8th. Morgan Stanley lifted their price target on shares of Yelp from $34.00 to $35.00 and gave the stock an "underweight" rating in a report on Monday, January 13th. Finally, Evercore ISI raised shares of Yelp to a "hold" rating in a research note on Monday, November 11th. Two investment 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 MarketBeat.com, Yelp presently has an average rating of "Hold" and a consensus target price of $37.17.

Yelp Trading Up 0.3 %

Shares of NYSE YELP traded up $0.10 on Thursday, reaching $33.78. 262,925 shares of the company traded hands, compared to its average volume of 694,531. The stock has a market capitalization of $2.22 billion, a PE ratio of 17.59, a P/E/G ratio of 0.76 and a beta of 1.33. Yelp Inc. has a fifty-two week low of $32.56 and a fifty-two week high of $41.72. The company has a 50 day moving average of $38.56 and a 200 day moving average of $36.67.

Yelp (NYSE:YELP - Get Free Report) last issued its quarterly earnings results on Thursday, February 13th. The local business review company reported $0.62 EPS for the quarter, topping 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%. As a group, research analysts expect that Yelp Inc. will post 2.22 earnings per share for the current year.

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.