Globeflex Capital L P Boosts Stake in Yelp Inc. (NYSE:YELP)

Globeflex Capital L P boosted its position in shares of Yelp Inc. (NYSE:YELP - Free Report) by 558.9% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 123,880 shares of the local business review company's stock after buying an additional 105,078 shares during the quarter. Globeflex Capital L P owned approximately 0.19% of Yelp worth $4,794,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Allworth Financial LP lifted its holdings 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 buying an additional 288 shares during the period. Avion Wealth lifted its stake in Yelp by 1,963.6% in the fourth quarter. Avion Wealth now owns 908 shares of the local business review company's stock worth $35,000 after acquiring an additional 864 shares during the period. Fifth Third Bancorp lifted its stake in Yelp by 76.5% in the fourth quarter. Fifth Third Bancorp now owns 1,094 shares of the local business review company's stock worth $42,000 after acquiring an additional 474 shares during the period. GAMMA Investing LLC boosted its holdings in 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 acquiring an additional 741 shares in the last quarter. Finally, Asset Management One Co. Ltd. increased its position in Yelp by 16.9% during the 4th quarter. Asset Management One Co. Ltd. now owns 1,815 shares of the local business review company's stock valued at $70,000 after purchasing an additional 263 shares during the period. Hedge funds and other institutional investors own 90.11% of the company's stock.

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Yelp Stock Down 0.2 %

Shares of YELP stock traded down $0.06 during trading hours on Tuesday, hitting $35.03. 611,625 shares of the company's stock traded hands, compared to its average volume of 677,847. The stock's fifty day simple moving average is $37.67 and its two-hundred day simple moving average is $36.68. Yelp Inc. has a 12-month low of $32.56 and a 12-month high of $41.72. The stock has a market cap of $2.28 billion, a price-to-earnings ratio of 18.24, a PEG ratio of 0.76 and a beta of 1.40.

Yelp (NYSE:YELP - Get Free Report) last released its earnings results on Thursday, February 13th. The local business review company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.09. Yelp had a net margin of 9.41% and a return on equity of 18.07%. The firm had revenue of $361.95 million during the quarter, compared to analyst estimates of $350.73 million. On average, equities analysts forecast that Yelp Inc. will post 2.22 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Craig Saldanha sold 1,000 shares of the business's stock in a transaction that occurred on Thursday, January 23rd. The shares were sold at an average price of $38.40, for a total value of $38,400.00. Following the completion of the transaction, the insider now directly owns 182,558 shares in the company, valued at $7,010,227.20. The trade was a 0.54 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO David A. Schwarzbach sold 10,000 shares of the business's stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $39.51, for a total transaction of $395,100.00. Following the completion of the transaction, the chief financial officer now owns 191,988 shares of the company's stock, valued at approximately $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. Insiders sold a total of 57,727 shares of company stock worth $2,083,317 in the last three months. Insiders own 7.40% of the company's stock.

Analysts Set New Price Targets

Separately, Morgan Stanley raised their target price on shares of Yelp from $34.00 to $35.00 and gave the stock an "underweight" rating in a research report on Monday, January 13th. Two analysts have rated the stock with a sell rating, six have given a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Yelp currently has an average rating of "Hold" and a consensus price target of $37.17.

Yelp Company 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.