Sei Investments Co. Purchases 46,847 Shares of Yelp Inc. (NYSE:YELP)

Sei Investments Co. increased its holdings in shares of Yelp Inc. (NYSE:YELP - Free Report) by 19.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 281,917 shares of the local business review company's stock after acquiring an additional 46,847 shares during the period. Sei Investments Co. owned about 0.43% of Yelp worth $10,910,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. FMR LLC grew its holdings in shares of Yelp by 13.7% during the third quarter. FMR LLC now owns 654,059 shares of the local business review company's stock worth $22,944,000 after purchasing an additional 78,585 shares during the last quarter. Barclays PLC grew its holdings in Yelp by 347.9% during the 3rd quarter. Barclays PLC now owns 160,363 shares of the local business review company's stock worth $5,627,000 after acquiring an additional 124,561 shares during the last quarter. Bristlecone Advisors LLC acquired a new stake in Yelp in the 4th quarter valued at about $1,197,000. Intech Investment Management LLC bought a new position in shares of Yelp in the third quarter worth about $745,000. Finally, Principal Financial Group Inc. lifted its position in shares of Yelp by 3.1% during the fourth quarter. Principal Financial Group Inc. now owns 366,297 shares of the local business review company's stock worth $14,176,000 after purchasing an additional 10,995 shares in the last quarter. 90.11% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Morgan Stanley raised 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 analysts have rated the stock with a sell rating, five have issued a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $37.17.

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Yelp Stock Performance

YELP traded up $0.14 during trading on Wednesday, reaching $38.30. 563,964 shares of the company's stock were exchanged, compared to its average volume of 773,684. The company's fifty day moving average price is $37.15 and its 200-day moving average price is $36.90. The firm has a market capitalization of $2.49 billion, a PE ratio of 19.95, a P/E/G ratio of 0.76 and a beta of 1.40. Yelp Inc. has a fifty-two week low of $32.56 and a fifty-two week high of $41.72.

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

Insider Activity at Yelp

In other news, CTO Sam Eaton sold 21,989 shares of the firm's stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $35.70, for a total transaction of $785,007.30. Following the sale, the chief technology officer now owns 153,159 shares of the company's stock, valued at $5,467,776.30. This trade represents a 12.55 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Carmen Amara sold 1,500 shares of the company's stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $33.16, for a total transaction 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. This trade represents a 1.38 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 57,727 shares of company stock worth $2,081,667 in the last ninety days. Company insiders own 7.40% of the company's stock.

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.