38,600 Shares in Yelp Inc. (NYSE:YELP) Acquired by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS bought a new stake in Yelp Inc. (NYSE:YELP - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 38,600 shares of the local business review company's stock, valued at approximately $1,494,000. KLP Kapitalforvaltning AS owned about 0.06% of Yelp at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the company. Asset Management One Co. Ltd. grew its holdings in Yelp by 16.9% in the 4th quarter. Asset Management One Co. Ltd. now owns 1,815 shares of the local business review company's stock valued at $70,000 after buying an additional 263 shares in the last quarter. Allworth Financial LP boosted its position in shares of Yelp by 82.5% in the fourth quarter. Allworth Financial LP now owns 637 shares of the local business review company's stock valued at $25,000 after acquiring an additional 288 shares during the period. Fifth Third Bancorp boosted its position in shares of Yelp by 76.5% in the fourth quarter. Fifth Third Bancorp now owns 1,094 shares of the local business review company's stock valued at $42,000 after acquiring an additional 474 shares during the period. Hillsdale Investment Management Inc. grew its stake in shares of Yelp by 0.5% in the fourth quarter. Hillsdale Investment Management Inc. now owns 124,016 shares of the local business review company's stock valued at $4,799,000 after acquiring an additional 600 shares in the last quarter. Finally, Nisa Investment Advisors LLC increased its position in Yelp by 19.8% during the fourth quarter. Nisa Investment Advisors LLC now owns 4,063 shares of the local business review company's stock worth $157,000 after acquiring an additional 672 shares during the period. Institutional investors own 90.11% of the company's stock.

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Yelp Trading Up 0.5 %

Yelp stock traded up $0.20 during trading hours on Wednesday, reaching $38.36. 960,797 shares of the stock were exchanged, compared to its average volume of 726,480. Yelp Inc. has a twelve month low of $32.56 and a twelve month high of $41.72. The company has a market cap of $2.49 billion, a P/E ratio of 19.98, a price-to-earnings-growth ratio of 0.76 and a beta of 1.40. The stock has a 50 day moving average of $37.15 and a two-hundred day moving average of $36.91.

Yelp (NYSE:YELP - Get Free Report) last posted its quarterly earnings results on Thursday, February 13th. The local business review company reported $0.62 earnings per share (EPS) 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 analyst estimates of $350.73 million. Yelp had a net margin of 9.41% and a return on equity of 18.07%. On average, analysts expect that Yelp Inc. will post 2.22 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, Morgan Stanley boosted their price objective on shares of Yelp from $34.00 to $35.00 and gave the company an "underweight" rating in a report on Monday, January 13th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, one has given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $37.17.

Insider Transactions at Yelp

In other Yelp news, insider Carmen Amara sold 11,238 shares of the business's stock in a transaction on Friday, March 7th. The shares were sold at an average price of $35.00, for a total transaction of $393,330.00. Following the sale, the insider now owns 108,123 shares of the company's stock, valued at approximately $3,784,305. The trade was a 9.42 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Craig Saldanha sold 1,000 shares of the stock in a transaction on Monday, March 24th. The shares were sold at an average price of $36.34, for a total value of $36,340.00. Following the completion of the transaction, the insider now owns 223,512 shares of the company's stock, valued at $8,122,426.08. The trade was a 0.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 57,727 shares of company stock valued at $2,081,667. Corporate insiders own 7.40% of the company's stock.

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.