Ingalls & Snyder LLC Sells 8,386 Shares of Yelp Inc. (NYSE:YELP)

Ingalls & Snyder LLC decreased its position in Yelp Inc. (NYSE:YELP - Free Report) by 8.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 94,662 shares of the local business review company's stock after selling 8,386 shares during the quarter. Ingalls & Snyder LLC owned about 0.14% of Yelp worth $3,663,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the company. Avion Wealth lifted its position in shares of 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 during the last quarter. GAMMA Investing LLC boosted its stake in Yelp by 115.9% during the 3rd quarter. GAMMA Investing LLC now owns 976 shares of the local business review company's stock worth $34,000 after acquiring an additional 524 shares during the last quarter. Fifth Third Bancorp raised its holdings in Yelp by 76.5% during the 4th quarter. Fifth Third Bancorp now owns 1,094 shares of the local business review company's stock worth $42,000 after buying an additional 474 shares during the period. Exchange Traded Concepts LLC grew its stake in shares of Yelp by 54.5% during the 3rd quarter. Exchange Traded Concepts LLC now owns 1,148 shares of the local business review company's stock worth $40,000 after acquiring an additional 405 shares in the last quarter. Finally, Signaturefd LLC boosted its position in Yelp by 98.5% during the third quarter. Signaturefd LLC now owns 1,175 shares of the local business review company's stock valued at $41,000 after purchasing an additional 583 shares during the last quarter. 90.11% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CTO Sam Eaton sold 10,744 shares of the firm's stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $35.12, for a total value of $377,329.28. Following the completion of the sale, the chief technology officer now directly owns 122,480 shares in the company, valued at $4,301,497.60. This trade represents a 8.06 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Craig Saldanha sold 1,000 shares of the company's stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $38.05, for a total value of $38,050.00. Following the transaction, the insider now directly owns 184,558 shares in the company, valued at approximately $7,022,431.90. This trade represents a 0.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 44,011 shares of company stock worth $1,677,131 in the last quarter. 7.40% of the stock is owned by corporate insiders.

Yelp Price Performance

NYSE YELP traded down $3.27 during mid-day trading on Friday, reaching $37.28. 1,650,764 shares of the stock were exchanged, compared to its average volume of 590,609. The stock has a market cap of $2.45 billion, a P/E ratio of 22.33, a P/E/G ratio of 0.55 and a beta of 1.33. The stock has a 50 day simple moving average of $39.49 and a 200-day simple moving average of $36.53. Yelp Inc. has a one year low of $32.56 and a one year high of $45.05.

Yelp (NYSE:YELP - Get Free Report) last announced its earnings results on Thursday, February 13th. The local business review company reported $0.62 EPS for the quarter, beating the consensus estimate of $0.53 by $0.09. Yelp had a return on equity of 16.02% and a net margin of 8.48%. The company had revenue of $361.95 million for the quarter, compared to analyst estimates of $350.73 million. Sell-side analysts anticipate that Yelp Inc. will post 1.8 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on YELP shares. Robert W. Baird cut their target price on shares of Yelp from $39.00 to $37.00 and set a "neutral" rating for the company in a research note on Friday, November 8th. StockNews.com upgraded Yelp from a "buy" rating to a "strong-buy" rating in a research report on Monday, November 11th. Evercore ISI raised Yelp to a "hold" rating in a report on Monday, November 11th. Finally, Morgan Stanley upped their price target on shares of Yelp from $34.00 to $35.00 and gave the stock an "underweight" rating in a report on Monday, January 13th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, one has issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price 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.