Yelp Inc. (NYSE:YELP) Stock Holdings Reduced by River Road Asset Management LLC

River Road Asset Management LLC lowered its holdings in Yelp Inc. (NYSE:YELP - Free Report) by 2.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,219,260 shares of the local business review company's stock after selling 31,848 shares during the period. River Road Asset Management LLC owned about 1.85% of Yelp worth $47,185,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Allworth Financial LP raised its position 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 worth $25,000 after purchasing an additional 288 shares during the period. Avion Wealth raised its position in shares of 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 purchasing an additional 864 shares during the period. Fifth Third Bancorp raised its position in shares of Yelp by 76.5% during the 4th quarter. Fifth Third Bancorp now owns 1,094 shares of the local business review company's stock worth $42,000 after purchasing an additional 474 shares during the period. Asset Management One Co. Ltd. acquired a new stake in shares of Yelp during the 3rd quarter worth approximately $54,000. Finally, GAMMA Investing LLC raised its position in shares of Yelp by 75.9% during the 4th quarter. GAMMA Investing LLC now owns 1,717 shares of the local business review company's stock worth $66,000 after purchasing an additional 741 shares during the period. Hedge funds and other institutional investors own 90.11% of the company's stock.

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Insider Transactions at Yelp

In related news, CTO Sam Eaton sold 21,989 shares of Yelp stock in a transaction on Friday, February 21st. The stock was sold at an average price of $35.70, for a total value of $785,007.30. Following the transaction, the chief technology officer now directly owns 153,159 shares in the company, valued at $5,467,776.30. The trade was a 12.55 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Craig Saldanha sold 1,000 shares of Yelp stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $37.99, for a total value of $37,990.00. Following the completion of the transaction, the insider now owns 183,558 shares in the company, valued at $6,973,368.42. The trade was a 0.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 67,727 shares of company stock valued at $2,480,517 in the last three months. 7.40% of the stock is currently owned by corporate insiders.

Yelp Stock Performance

Shares of YELP stock traded up $1.04 during mid-day trading on Friday, hitting $35.04. 821,645 shares of the stock traded hands, compared to its average volume of 686,788. Yelp Inc. has a twelve month low of $32.56 and a twelve month high of $41.72. The firm has a market cap of $2.28 billion, a price-to-earnings ratio of 18.25, a price-to-earnings-growth ratio of 0.76 and a beta of 1.40. The company's 50-day simple moving average is $37.95 and its 200-day simple moving average is $36.64.

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

Analyst Upgrades and Downgrades

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

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.