Russell Investments Group Ltd. decreased its holdings in shares of Yelp Inc. (NYSE:YELP - Free Report) by 3.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 238,878 shares of the local business review company's stock after selling 8,605 shares during the period. Russell Investments Group Ltd. owned approximately 0.36% of Yelp worth $9,226,000 at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of YELP. Asset Management One Co. Ltd. boosted its stake 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 buying an additional 263 shares in the last quarter. Allworth Financial LP lifted its holdings 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 acquiring an additional 288 shares during the period. Fifth Third Bancorp boosted 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 in the last quarter. Hillsdale Investment Management Inc. grew its stake in shares of Yelp by 0.5% during the 4th quarter. Hillsdale Investment Management Inc. now owns 124,016 shares of the local business review company's stock worth $4,799,000 after purchasing an additional 600 shares during the period. Finally, Nisa Investment Advisors LLC increased its holdings in shares of Yelp by 19.8% in the 4th quarter. Nisa Investment Advisors LLC now owns 4,063 shares of the local business review company's stock valued at $157,000 after purchasing an additional 672 shares in the last quarter. 90.11% of the stock is owned by hedge funds and other institutional investors.
Insider Activity at Yelp
In other news, insider Craig Saldanha sold 1,000 shares of the business's stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $36.34, for a total value of $36,340.00. Following the completion of the transaction, the insider now owns 223,512 shares of the company's stock, valued at $8,122,426.08. The trade was a 0.45 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO David A. Schwarzbach sold 10,000 shares of the firm's stock in a transaction that occurred on Monday, April 14th. The stock was sold at an average price of $34.31, for a total transaction of $343,100.00. Following the sale, the chief financial officer now owns 239,112 shares in the company, valued at approximately $8,203,932.72. This trade represents a 4.01 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 67,727 shares of company stock valued at $2,424,767. 7.40% of the stock is owned by corporate insiders.
Wall Street Analysts Forecast Growth
Separately, Morgan Stanley boosted their price objective on shares of Yelp from $34.00 to $35.00 and gave the stock an "underweight" rating in a report on Monday, January 13th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Yelp has a consensus rating of "Hold" and a consensus target price of $37.17.
Get Our Latest Research Report on YELP
Yelp Trading Up 0.2 %
Shares of NYSE:YELP traded up $0.07 during midday trading on Tuesday, hitting $33.91. 743,983 shares of the stock were exchanged, compared to its average volume of 737,992. The stock has a market cap of $2.21 billion, a P/E ratio of 17.66, a PEG ratio of 0.76 and a beta of 1.08. Yelp Inc. has a twelve month low of $32.56 and a twelve month high of $41.72. The company has a 50 day moving average price of $36.04 and a 200-day moving average price of $36.93.
Yelp (NYSE:YELP - Get Free Report) last announced 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 net margin of 9.41% and a return on equity of 18.07%. The company had revenue of $361.95 million for the quarter, compared to the consensus estimate of $350.73 million. On average, equities research analysts expect that Yelp Inc. will post 2.22 earnings per share 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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