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

Globeflex Capital L P lifted its position in Yelp Inc. (NYSE:YELP - Free Report) by 558.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 123,880 shares of the local business review company's stock after buying an additional 105,078 shares during the period. Globeflex Capital L P owned about 0.19% of Yelp worth $4,794,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. Allworth Financial LP increased its position in shares of Yelp by 82.5% during the fourth quarter. Allworth Financial LP now owns 637 shares of the local business review company's stock worth $25,000 after acquiring an additional 288 shares in the last quarter. Avion Wealth increased its holdings in Yelp by 1,963.6% during the 4th quarter. Avion Wealth now owns 908 shares of the local business review company's stock worth $35,000 after purchasing an additional 864 shares in the last quarter. Fifth Third Bancorp raised its stake in shares of Yelp by 76.5% in the 4th quarter. Fifth Third Bancorp now owns 1,094 shares of the local business review company's stock valued at $42,000 after purchasing an additional 474 shares during the period. GAMMA Investing LLC lifted its holdings 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 purchasing an additional 741 shares in the last quarter. Finally, Asset Management One Co. Ltd. grew its holdings in shares of 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. Institutional investors and hedge funds own 90.11% of the company's stock.

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Insider Activity at Yelp

In other Yelp news, CTO Sam Eaton sold 21,989 shares of the stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $35.70, for a total value of $785,007.30. Following the transaction, the chief technology officer now directly owns 153,159 shares of the company's stock, valued at $5,467,776.30. This represents a 12.55 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Craig Saldanha sold 1,000 shares of the company'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 value of $37,990.00. Following the completion of the transaction, 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 position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 57,727 shares of company stock worth $2,083,317. Company insiders own 7.40% of the company's stock.

Analyst Ratings Changes

Separately, Morgan Stanley upped their price target on 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 issued a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $37.17.

Yelp Price Performance

NYSE YELP traded down $0.03 on Monday, hitting $35.01. 687,840 shares of the stock were exchanged, compared to its average volume of 721,224. The company has a market capitalization of $2.28 billion, a PE ratio of 18.23, a P/E/G ratio of 0.76 and a beta of 1.40. The business's fifty day moving average is $37.86 and its 200 day moving average is $36.68. Yelp Inc. has a 52 week low of $32.56 and a 52 week high of $41.72.

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

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.