Integrated Quantitative Investments LLC Purchases New Stake in Yelp Inc. (NYSE:YELP)

Integrated Quantitative Investments LLC purchased a new position in Yelp Inc. (NYSE:YELP - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 29,341 shares of the local business review company's stock, valued at approximately $1,135,000.

Several other institutional investors have also recently added to or reduced their stakes in the stock. FMR LLC lifted its position in shares of Yelp by 13.7% in the 3rd quarter. FMR LLC now owns 654,059 shares of the local business review company's stock worth $22,944,000 after buying an additional 78,585 shares during the last quarter. Barclays PLC lifted its holdings in Yelp by 347.9% in the third quarter. Barclays PLC now owns 160,363 shares of the local business review company's stock worth $5,627,000 after acquiring an additional 124,561 shares during the last quarter. Bristlecone Advisors LLC acquired a new position in Yelp in the fourth quarter valued at approximately $1,197,000. Principal Financial Group Inc. grew its holdings in shares of Yelp by 3.1% during the fourth quarter. Principal Financial Group Inc. now owns 366,297 shares of the local business review company's stock valued at $14,176,000 after purchasing an additional 10,995 shares during the last quarter. Finally, Suncoast Equity Management acquired a new stake in shares of Yelp during the 4th quarter worth approximately $721,000. 90.11% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Yelp

In other news, insider Carmen Amara sold 1,500 shares of the stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $33.16, for a total transaction of $49,740.00. Following the completion of the sale, the insider now owns 107,207 shares in the company, valued at approximately $3,554,984.12. This represents a 1.38 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO David A. Schwarzbach sold 10,000 shares of Yelp stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $39.51, for a total value of $395,100.00. Following the completion of the transaction, the chief financial officer now owns 191,988 shares in the company, valued at $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 57,727 shares of company stock valued at $2,081,667 over the last 90 days. 7.40% of the stock is currently owned by corporate insiders.

Yelp Stock Up 2.6 %

Yelp stock traded up $0.86 during trading hours on Wednesday, hitting $33.70. 224,552 shares of the company traded hands, compared to its average volume of 733,670. The firm's 50-day simple moving average is $36.57 and its two-hundred day simple moving average is $36.92. The firm has a market cap of $2.19 billion, a P/E ratio of 17.42, a P/E/G ratio of 0.76 and a beta of 1.08. Yelp Inc. has a 1-year low of $32.02 and a 1-year high of $41.72.

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

Wall Street Analyst Weigh In

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