Geode Capital Management LLC boosted its position in shares of Yelp Inc. (NYSE:YELP - Free Report) by 0.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,774,878 shares of the local business review company's stock after acquiring an additional 15,649 shares during the period. Geode Capital Management LLC owned about 2.70% of Yelp worth $68,702,000 as of its most recent SEC filing.
A number of other large investors also recently modified their holdings of YELP. Verition Fund Management LLC purchased a new position in Yelp in the third quarter valued at approximately $293,000. State Street Corp raised its stake in Yelp by 0.9% during the 3rd quarter. State Street Corp now owns 2,553,227 shares of the local business review company's stock worth $89,567,000 after acquiring an additional 23,719 shares in the last quarter. EP Wealth Advisors LLC purchased a new stake in Yelp in the third quarter valued at $264,000. Barclays PLC boosted its stake in Yelp by 347.9% in the third quarter. Barclays PLC now owns 160,363 shares of the local business review company's stock valued at $5,627,000 after acquiring an additional 124,561 shares in the last quarter. Finally, Sanctuary Advisors LLC grew its holdings in shares of Yelp by 11.7% during the third quarter. Sanctuary Advisors LLC now owns 13,648 shares of the local business review company's stock worth $493,000 after purchasing an additional 1,427 shares during the last quarter. 90.11% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling at Yelp
In related news, insider Carmen Amara sold 1,500 shares of Yelp stock in a transaction on Tuesday, March 4th. The stock was 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 of the company's stock, valued at approximately $3,554,984.12. The trade was a 1.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO David A. Schwarzbach sold 10,000 shares of the business's stock in a transaction on Monday, April 14th. The stock was sold at an average price of $34.31, for a total value of $343,100.00. Following the sale, the chief financial officer now owns 239,112 shares in the company, valued at approximately $8,203,932.72. The trade was a 4.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 67,727 shares of company stock valued at $2,424,767. Corporate insiders own 7.40% of the company's stock.
Yelp Stock Up 0.2 %
NYSE YELP traded up $0.07 during trading hours on Tuesday, hitting $33.91. 743,983 shares of the stock were exchanged, compared to its average volume of 737,992. The company has a market cap of $2.21 billion, a price-to-earnings ratio of 17.66, a price-to-earnings-growth ratio of 0.76 and a beta of 1.08. Yelp Inc. has a 12-month low of $32.56 and a 12-month high of $41.72. The stock has a 50-day moving average of $36.04 and a 200 day moving average of $36.93.
Yelp (NYSE:YELP - Get Free Report) last posted 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. The firm had revenue of $361.95 million for the quarter, compared to the consensus estimate of $350.73 million. Yelp had a return on equity of 18.07% and a net margin of 9.41%. On average, equities research analysts expect that Yelp Inc. will post 2.22 earnings per share for the current year.
Analyst Ratings Changes
Separately, Morgan Stanley upped 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 issued a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $37.17.
Get Our Latest Analysis on Yelp
About Yelp
(
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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