Mitsubishi UFJ Trust & Banking Corp Buys 8,861 Shares of Yelp Inc. (NYSE:YELP)

Mitsubishi UFJ Trust & Banking Corp increased its stake in Yelp Inc. (NYSE:YELP - Free Report) by 4.0% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 233,131 shares of the local business review company's stock after buying an additional 8,861 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned 0.35% of Yelp worth $9,022,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in YELP. Allworth Financial LP raised its position in Yelp by 82.5% in the fourth quarter. Allworth Financial LP now owns 637 shares of the local business review company's stock worth $25,000 after acquiring an additional 288 shares during the period. Avion Wealth raised its holdings in shares of Yelp by 1,963.6% in 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 period. Fifth Third Bancorp lifted its stake in 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 purchasing an additional 474 shares during the last quarter. GAMMA Investing LLC lifted its stake in Yelp by 75.9% in the fourth quarter. GAMMA Investing LLC now owns 1,717 shares of the local business review company's stock valued at $66,000 after purchasing an additional 741 shares during the last quarter. Finally, Asset Management One Co. Ltd. grew its holdings in 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 valued at $70,000 after purchasing an additional 263 shares during the period. Institutional investors own 90.11% of the company's stock.

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Analyst Upgrades and Downgrades

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

Yelp Price Performance

Shares of Yelp stock traded up $0.08 during trading hours on Wednesday, reaching $38.24. The company had a trading volume of 615,388 shares, compared to its average volume of 725,112. Yelp Inc. has a one year low of $32.56 and a one year high of $41.72. The firm has a market cap of $2.49 billion, a PE ratio of 19.92, a price-to-earnings-growth ratio of 0.76 and a beta of 1.40. The business has a fifty day simple moving average of $37.15 and a 200 day simple moving average of $36.90.

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

Insider Buying and Selling at Yelp

In other news, CTO Sam Eaton sold 21,989 shares of Yelp stock in a transaction on Friday, February 21st. The shares were sold at an average price of $35.70, for a total transaction of $785,007.30. Following the completion of the sale, the chief technology officer now directly owns 153,159 shares of the company's stock, valued at approximately $5,467,776.30. The trade was a 12.55 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Craig Saldanha sold 1,000 shares of the company's stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $38.40, for a total value of $38,400.00. Following the completion of the transaction, the insider now owns 182,558 shares of the company's stock, valued at $7,010,227.20. The trade was a 0.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 57,727 shares of company stock valued at $2,081,667 in the last 90 days. 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.