Haven Private LLC Purchases New Holdings in Yelp Inc. (NYSE:YELP)

Haven Private LLC acquired a new stake in shares of Yelp Inc. (NYSE:YELP - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 10,232 shares of the local business review company's stock, valued at approximately $396,000.

Other large investors have also recently modified their holdings of the company. International Assets Investment Management LLC increased its position in shares of Yelp by 9,073.1% during the third quarter. International Assets Investment Management LLC now owns 2,385 shares of the local business review company's stock valued at $84,000 after buying an additional 2,359 shares during the period. US Bancorp DE increased 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 worth $686,000 after acquiring an additional 3,101 shares during the last quarter. Robeco Institutional Asset Management B.V. raised its position in shares of 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 in the last quarter. Asset Management One Co. Ltd. bought a new stake in Yelp during the third quarter worth about $54,000. Finally, CWA Asset Management Group LLC purchased a new position in shares of Yelp in the 3rd quarter worth about $364,000. Hedge funds and other institutional investors own 90.11% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Evercore ISI raised shares of Yelp to a "hold" rating in a report on Monday, November 11th. Morgan Stanley increased their price target on shares of Yelp from $34.00 to $35.00 and gave the stock an "underweight" rating in a research note on Monday, January 13th. Finally, StockNews.com raised shares of Yelp from a "buy" rating to a "strong-buy" rating in a research note on Monday, November 11th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $37.17.

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Insider Buying and Selling

In related news, CFO David A. Schwarzbach sold 10,000 shares of the company's stock in a transaction on Monday, December 16th. The shares were sold at an average price of $39.72, for a total transaction of $397,200.00. Following the sale, the chief financial officer now owns 201,988 shares of the company's stock, valued at $8,022,963.36. This represents a 4.72 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Carmen Amara sold 1,500 shares of the stock in a transaction dated 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 of the company's stock, valued at approximately $3,554,984.12. The trade was a 1.38 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 56,489 shares of company stock valued at $2,087,187. 7.40% of the stock is owned by corporate insiders.

Yelp Trading Up 0.7 %

YELP stock traded up $0.24 on Monday, hitting $35.39. The company had a trading volume of 277,082 shares, compared to its average volume of 682,247. The stock has a market cap of $2.33 billion, a price-to-earnings ratio of 18.43, a P/E/G ratio of 0.76 and a beta of 1.40. The stock's 50-day simple moving average is $38.27 and its 200 day simple moving average is $36.66. Yelp Inc. has a 12-month low of $32.56 and a 12-month high of $41.72.

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

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.