O Shaughnessy Asset Management LLC Cuts Stock Holdings in Yelp Inc. (NYSE:YELP)

O Shaughnessy Asset Management LLC reduced its stake in Yelp Inc. (NYSE:YELP - Free Report) by 67.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 6,239 shares of the local business review company's stock after selling 12,965 shares during the quarter. O Shaughnessy Asset Management LLC's holdings in Yelp were worth $241,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Allworth Financial LP lifted 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 valued at $25,000 after purchasing an additional 288 shares during the period. Avion Wealth grew its holdings in Yelp by 1,963.6% during the fourth quarter. Avion Wealth now owns 908 shares of the local business review company's stock worth $35,000 after acquiring an additional 864 shares during the period. Fifth Third Bancorp raised its position 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 worth $42,000 after acquiring an additional 474 shares in the last quarter. GAMMA Investing LLC lifted its holdings 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 acquiring an additional 741 shares during the period. Finally, Asset Management One Co. Ltd. boosted its position in shares of Yelp by 16.9% during the 4th quarter. Asset Management One Co. Ltd. now owns 1,815 shares of the local business review company's stock worth $70,000 after purchasing an additional 263 shares in the last quarter. Institutional investors and hedge funds own 90.11% of the company's stock.

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Insider Activity at Yelp

In other news, CFO David A. Schwarzbach sold 10,000 shares of the firm's stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $39.51, for a total transaction of $395,100.00. Following the sale, the chief financial officer now owns 191,988 shares in the company, valued at $7,585,445.88. This trade represents a 4.95 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Carmen Amara sold 1,500 shares of the company's stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $33.16, for a total value of $49,740.00. Following the completion of the transaction, the insider now owns 107,207 shares of the company's stock, valued at $3,554,984.12. The trade was a 1.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 67,727 shares of company stock valued at $2,424,767. 7.40% of the stock is owned by insiders.

Yelp Stock Performance

NYSE:YELP traded up $0.07 during mid-day trading on Tuesday, hitting $33.91. 743,983 shares of the company's stock traded hands, compared to its average volume of 737,992. Yelp Inc. has a 1 year low of $32.56 and a 1 year high of $41.72. The company has a market cap of $2.21 billion, a PE ratio of 17.66, a price-to-earnings-growth ratio of 0.76 and a beta of 1.08. The firm's 50 day simple moving average is $36.04 and its 200 day simple moving average is $36.93.

Yelp (NYSE:YELP - Get Free Report) last issued its quarterly earnings data 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 firm had revenue of $361.95 million during the quarter, compared to the consensus estimate 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.

Analyst Upgrades and Downgrades

Separately, Morgan Stanley increased their price target 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 equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $37.17.

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.