LSV Asset Management Buys 529,667 Shares of Yelp Inc. (NYSE:YELP)

LSV Asset Management increased its position in shares of Yelp Inc. (NYSE:YELP - Free Report) by 163.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 853,867 shares of the local business review company's stock after acquiring an additional 529,667 shares during the quarter. LSV Asset Management owned about 1.30% of Yelp worth $33,045,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Allworth Financial LP lifted its holdings in shares of Yelp by 82.5% during the 4th quarter. Allworth Financial LP now owns 637 shares of the local business review company's stock valued at $25,000 after purchasing an additional 288 shares in the last quarter. Avion Wealth lifted its stake in Yelp by 1,963.6% in the fourth quarter. Avion Wealth now owns 908 shares of the local business review company's stock valued at $35,000 after buying an additional 864 shares in the last quarter. Fifth Third Bancorp boosted its holdings 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 buying an additional 474 shares during the period. GAMMA Investing LLC increased its position in shares of Yelp by 75.9% during the fourth quarter. GAMMA Investing LLC now owns 1,717 shares of the local business review company's stock worth $66,000 after acquiring an additional 741 shares in the last quarter. Finally, Asset Management One Co. Ltd. raised its holdings in shares of Yelp by 16.9% during the fourth quarter. Asset Management One Co. Ltd. now owns 1,815 shares of the local business review company's stock worth $70,000 after acquiring an additional 263 shares during the period. Institutional investors and hedge funds own 90.11% of the company's stock.

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Insider Activity at Yelp

In other Yelp news, insider Craig Saldanha sold 1,000 shares of the company's stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $35.75, for a total value of $35,750.00. Following the sale, the insider now owns 211,558 shares in the company, valued at $7,563,198.50. This represents a 0.47 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO David A. Schwarzbach sold 10,000 shares of Yelp stock in a transaction that occurred 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 transaction, the chief financial officer now owns 191,988 shares of the company's stock, valued at $7,585,445.88. This represents a 4.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 67,727 shares of company stock valued at $2,424,767. 7.40% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Separately, Morgan Stanley upped their target price 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. Two 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 stock. According to MarketBeat.com, Yelp presently has an average rating of "Hold" and an average price target of $37.17.

Yelp Price Performance

NYSE:YELP traded up $0.07 on Tuesday, hitting $33.91. 743,983 shares of the company's stock were exchanged, compared to its average volume of 737,949. The firm has a 50-day moving average price of $35.93 and a 200-day moving average price of $36.91. Yelp Inc. has a 52 week low of $32.56 and a 52 week high of $41.72. The company has a market cap of $2.21 billion, a P/E ratio of 17.66, a price-to-earnings-growth ratio of 0.76 and a beta of 1.08.

Yelp (NYSE:YELP - Get Free Report) last released its 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 return on equity of 18.07% and a net margin of 9.41%. On average, research analysts expect that Yelp Inc. will post 2.22 earnings per share for the current fiscal 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.