Globeflex Capital L P Has $4.79 Million Position in Yelp Inc. (NYSE:YELP)

Globeflex Capital L P raised its stake in Yelp Inc. (NYSE:YELP - Free Report) by 558.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 123,880 shares of the local business review company's stock after acquiring an additional 105,078 shares during the quarter. Globeflex Capital L P owned about 0.19% of Yelp worth $4,794,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the stock. Allworth Financial LP raised its stake in Yelp by 82.5% in the 4th quarter. Allworth Financial LP now owns 637 shares of the local business review company's stock worth $25,000 after purchasing an additional 288 shares in the last quarter. Avion Wealth raised its position in shares of Yelp by 1,963.6% in the fourth quarter. Avion Wealth now owns 908 shares of the local business review company's stock valued at $35,000 after buying an additional 864 shares in the last quarter. Fifth Third Bancorp raised its position in shares of Yelp by 76.5% in the fourth quarter. Fifth Third Bancorp now owns 1,094 shares of the local business review company's stock valued at $42,000 after buying an additional 474 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of Yelp by 75.9% in the fourth quarter. GAMMA Investing LLC now owns 1,717 shares of the local business review company's stock valued at $66,000 after buying an additional 741 shares during the period. Finally, Asset Management One Co. Ltd. grew its position in Yelp by 16.9% during the fourth quarter. Asset Management One Co. Ltd. now owns 1,815 shares of the local business review company's stock worth $70,000 after buying an additional 263 shares in the last quarter. 90.11% of the stock is currently owned by institutional investors and hedge funds.

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Yelp Trading Down 0.6 %

Yelp stock traded down $0.22 during midday trading on Tuesday, reaching $34.86. The company's stock had a trading volume of 170,805 shares, compared to its average volume of 676,802. The stock has a market cap of $2.27 billion, a PE ratio of 18.17, a price-to-earnings-growth ratio of 0.76 and a beta of 1.40. Yelp Inc. has a 52 week low of $32.56 and a 52 week high of $41.72. The business has a 50-day moving average price of $37.76 and a 200-day moving average price of $36.68.

Yelp (NYSE:YELP - Get Free Report) last released its quarterly earnings data on Thursday, February 13th. The local business review company reported $0.62 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.53 by $0.09. Yelp had a net margin of 9.41% and a return on equity of 18.07%. The business had revenue of $361.95 million during the quarter, compared to analysts' expectations of $350.73 million. As a group, research analysts predict that Yelp Inc. will post 2.22 EPS for the current fiscal year.

Insider Activity

In other Yelp news, CFO David A. Schwarzbach sold 10,000 shares of the company's stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $34.80, for a total value of $348,000.00. Following the sale, the chief financial officer now owns 242,916 shares in the company, valued at approximately $8,453,476.80. The trade was a 3.95 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Carmen Amara sold 1,500 shares of Yelp stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $33.16, for a total value 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 ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 57,727 shares of company stock valued at $2,083,317. 7.40% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

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 investment analysts have rated the stock with a sell rating, six have assigned a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $37.17.

About Yelp

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.