Inceptionr LLC Makes New Investment in Yelp Inc. (NYSE:YELP)

Inceptionr LLC acquired a new position in Yelp Inc. (NYSE:YELP - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 14,300 shares of the local business review company's stock, valued at approximately $553,000.

A number of other large investors have also recently bought and sold shares of the business. Raymond James Financial Inc. acquired a new stake in Yelp in the 4th quarter worth approximately $3,189,000. Proficio Capital Partners LLC acquired a new stake in shares of Yelp in the fourth quarter worth $704,000. Victory Capital Management Inc. boosted its holdings in shares of Yelp by 1.2% during the 4th quarter. Victory Capital Management Inc. now owns 173,175 shares of the local business review company's stock worth $6,702,000 after buying an additional 2,035 shares during the period. Silver Coast Investments LLC bought a new position in Yelp in the 4th quarter worth $210,000. Finally, Smartleaf Asset Management LLC lifted its position in Yelp by 445.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,061 shares of the local business review company's stock worth $80,000 after acquiring an additional 1,683 shares during the last quarter. 90.11% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Evercore ISI upgraded Yelp to a "hold" rating in a research note on Monday, November 11th. Morgan Stanley lifted 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. Finally, StockNews.com raised Yelp from a "buy" rating to a "strong-buy" rating in a research report on Monday, November 11th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $37.17.

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Insiders Place Their Bets

In other Yelp news, insider Craig Saldanha sold 1,000 shares of the stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $37.99, for a total transaction of $37,990.00. Following the sale, the insider now owns 183,558 shares of the company's stock, valued at $6,973,368.42. This represents a 0.54 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO David A. Schwarzbach sold 10,000 shares of the firm's stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $39.72, for a total transaction of $397,200.00. Following the completion of the sale, the chief financial officer now owns 201,988 shares of the company's stock, valued at $8,022,963.36. The trade was a 4.72 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 67,727 shares of company stock valued at $2,480,517. 7.40% of the stock is currently owned by corporate insiders.

Yelp Stock Down 0.2 %

NYSE:YELP traded down $0.09 during trading hours on Tuesday, reaching $35.16. The company had a trading volume of 720,458 shares, compared to its average volume of 685,520. The stock has a 50-day moving average of $38.27 and a two-hundred day moving average of $36.66. Yelp Inc. has a one year low of $32.56 and a one year high of $41.72. The firm has a market capitalization of $2.31 billion, a PE ratio of 18.31, a PEG ratio of 0.76 and a beta of 1.40.

Yelp (NYSE:YELP - Get Free Report) last announced its earnings results 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. The business had revenue of $361.95 million during 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%. As a group, sell-side analysts expect that Yelp Inc. will post 2.22 earnings per share for the current year.

Yelp 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.