Raymond James Financial Inc. acquired a new stake in Yelp Inc. (NYSE:YELP - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 82,414 shares of the local business review company's stock, valued at approximately $3,189,000. Raymond James Financial Inc. owned 0.13% of Yelp as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds have also made changes to their positions in YELP. Allworth Financial LP raised its stake in shares of Yelp by 82.5% during the fourth quarter. Allworth Financial LP now owns 637 shares of the local business review company's stock worth $25,000 after purchasing an additional 288 shares during the last quarter. Avion Wealth raised its position in Yelp by 1,963.6% during the 4th quarter. Avion Wealth now owns 908 shares of the local business review company's stock worth $35,000 after buying an additional 864 shares during the last quarter. Fifth Third Bancorp lifted its stake in shares of Yelp by 76.5% in the 4th 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 during the period. GAMMA Investing LLC lifted its stake in shares of Yelp by 75.9% in the 4th 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 during the period. Finally, Asset Management One Co. Ltd. boosted its holdings in shares of Yelp by 16.9% in 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 acquiring an additional 263 shares in the last quarter. 90.11% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Separately, Morgan Stanley raised their price objective on shares of 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 given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $37.17.
Read Our Latest Research Report on YELP
Insider Buying and Selling at Yelp
In other news, insider Craig Saldanha sold 1,000 shares of Yelp stock in a transaction on 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 sale, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Carmen Amara sold 1,500 shares of the stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $33.16, for a total value of $49,740.00. Following the transaction, the insider now owns 107,207 shares in the company, valued at $3,554,984.12. This trade represents a 1.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 57,727 shares of company stock valued at $2,081,667 over the last quarter. Corporate insiders own 7.40% of the company's stock.
Yelp Stock Down 0.3 %
Shares of NYSE YELP traded down $0.12 during midday trading on Monday, hitting $37.09. The company had a trading volume of 995,773 shares, compared to its average volume of 725,262. The business has a 50-day simple moving average of $37.19 and a two-hundred day simple moving average of $36.87. Yelp Inc. has a twelve month low of $32.56 and a twelve month high of $41.72. The firm has a market capitalization of $2.41 billion, a price-to-earnings ratio of 19.32, a price-to-earnings-growth ratio of 0.76 and a beta of 1.40.
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, beating analysts' consensus estimates of $0.53 by $0.09. The company had revenue of $361.95 million during the quarter, compared to the consensus estimate of $350.73 million. Yelp had a net margin of 9.41% and a return on equity of 18.07%. On average, equities analysts forecast that Yelp Inc. will post 2.22 EPS for the current year.
About Yelp
(
Free Report)
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.
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