Vanguard Group Inc. Has $435.69 Million Holdings in Yelp Inc. (NYSE:YELP)

Vanguard Group Inc. cut its position in Yelp Inc. (NYSE:YELP - Free Report) by 0.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 9,203,382 shares of the local business review company's stock after selling 60,357 shares during the quarter. Vanguard Group Inc. owned approximately 13.44% of Yelp worth $435,688,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. C M Bidwell & Associates Ltd. acquired a new stake in Yelp in the fourth quarter worth about $27,000. Daiwa Securities Group Inc. acquired a new stake in Yelp in the 4th quarter worth approximately $43,000. International Assets Investment Management LLC grew its position in Yelp by 4,634.6% during the 4th quarter. International Assets Investment Management LLC now owns 1,231 shares of the local business review company's stock worth $58,000 after purchasing an additional 1,205 shares during the last quarter. Blue Trust Inc. increased its stake in Yelp by 65.6% during the 4th quarter. Blue Trust Inc. now owns 1,250 shares of the local business review company's stock valued at $59,000 after purchasing an additional 495 shares in the last quarter. Finally, Parallel Advisors LLC raised its holdings in shares of Yelp by 38.7% in the fourth quarter. Parallel Advisors LLC now owns 1,497 shares of the local business review company's stock worth $71,000 after buying an additional 418 shares during the last quarter. 90.11% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on YELP shares. Raymond James assumed coverage on Yelp in a research report on Wednesday, March 27th. They issued a "market perform" rating on the stock. Robert W. Baird cut their price objective on Yelp from $44.00 to $39.00 and set a "neutral" rating on the stock in a report on Friday, May 10th. Finally, Craig Hallum decreased their target price on Yelp from $55.00 to $48.00 and set a "buy" rating for the company in a report on Friday, May 10th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $40.67.

Yelp Stock Up 0.1 %

Shares of NYSE:YELP traded up $0.03 during trading on Thursday, reaching $36.87. 470,126 shares of the company's stock traded hands, compared to its average volume of 739,533. The firm has a market cap of $2.49 billion, a PE ratio of 23.48 and a beta of 1.35. The company has a 50-day simple moving average of $37.72 and a 200-day simple moving average of $40.59. Yelp Inc. has a fifty-two week low of $35.31 and a fifty-two week high of $48.99.

Yelp (NYSE:YELP - Get Free Report) last announced its earnings results on Thursday, May 9th. The local business review company reported $0.20 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.04 by $0.16. The firm had revenue of $332.75 million for the quarter, compared to analyst estimates of $333.66 million. Yelp had a return on equity of 15.69% and a net margin of 8.44%. On average, equities research analysts forecast that Yelp Inc. will post 1.39 EPS for the current year.

Insider Transactions at Yelp

In other news, COO Joseph R. Nachman sold 4,941 shares of the firm's stock in a transaction that occurred on Tuesday, June 4th. The stock was sold at an average price of $36.53, for a total value of $180,494.73. Following the transaction, the chief operating officer now owns 295,842 shares in the company, valued at $10,807,108.26. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, COO Joseph R. Nachman sold 4,941 shares of the stock in a transaction dated Tuesday, June 4th. The shares were sold at an average price of $36.53, for a total value of $180,494.73. Following the completion of the sale, the chief operating officer now directly owns 295,842 shares in the company, valued at $10,807,108.26. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CTO Sam Eaton sold 26,718 shares of the firm's stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of $36.62, for a total transaction of $978,413.16. Following the completion of the transaction, the chief technology officer now directly owns 167,861 shares in the company, valued at $6,147,069.82. The disclosure for this sale can be found here. Insiders sold 49,818 shares of company stock valued at $1,855,643 over the last 90 days. Corporate insiders own 7.40% of the company's stock.

About Yelp

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.