15,362 Shares in Yelp Inc. (NYSE:YELP) Acquired by Stephens Inc. AR

Stephens Inc. AR acquired a new position in Yelp Inc. (NYSE:YELP - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 15,362 shares of the local business review company's stock, valued at approximately $595,000.

Other institutional investors have also made changes to their positions in the company. Exchange Traded Concepts LLC raised its position in Yelp by 54.5% during the third quarter. Exchange Traded Concepts LLC now owns 1,148 shares of the local business review company's stock worth $40,000 after acquiring an additional 405 shares in the last quarter. Fifth Third Bancorp raised its position in Yelp by 76.5% during 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 raised its position in Yelp by 115.9% during the third quarter. GAMMA Investing LLC now owns 976 shares of the local business review company's stock worth $34,000 after acquiring an additional 524 shares in the last quarter. Signaturefd LLC raised its position in Yelp by 98.5% during the third quarter. Signaturefd LLC now owns 1,175 shares of the local business review company's stock worth $41,000 after acquiring an additional 583 shares in the last quarter. Finally, Nisa Investment Advisors LLC raised its position in Yelp by 19.8% during the fourth quarter. Nisa Investment Advisors LLC now owns 4,063 shares of the local business review company's stock worth $157,000 after acquiring an additional 672 shares in the last quarter. Institutional investors own 90.11% of the company's stock.

Insider Buying and Selling at Yelp

In other news, insider Craig Saldanha sold 1,000 shares of the stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $37.99, for a total value of $37,990.00. Following the sale, the insider now directly owns 183,558 shares of the company's stock, valued at approximately $6,973,368.42. This represents a 0.54 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CTO Sam Eaton sold 10,744 shares of the stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $35.12, for a total transaction of $377,329.28. Following the completion of the sale, the chief technology officer now directly owns 122,480 shares in the company, valued at approximately $4,301,497.60. The trade was a 8.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 44,011 shares of company stock valued at $1,677,131 over the last three months. 7.40% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

YELP has been the topic of several research analyst reports. Morgan Stanley increased 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. StockNews.com upgraded shares of Yelp from a "buy" rating to a "strong-buy" rating in a research note on Monday, November 11th. Evercore ISI upgraded shares of Yelp to a "hold" rating in a research note on Monday, November 11th. Finally, Robert W. Baird reduced their price objective on shares of Yelp from $39.00 to $37.00 and set a "neutral" rating on the stock in a research note on Friday, November 8th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, Yelp has a consensus rating of "Hold" and a consensus price target of $37.17.

Yelp Trading Up 1.0 %

Shares of NYSE:YELP traded up $0.38 during midday trading on Tuesday, reaching $37.72. The company had a trading volume of 221,168 shares, compared to its average volume of 631,503. The company's 50 day moving average price is $39.45 and its 200 day moving average price is $36.54. The stock has a market cap of $2.48 billion, a P/E ratio of 22.59, a P/E/G ratio of 0.55 and a beta of 1.33. Yelp Inc. has a 52-week low of $32.56 and a 52-week high of $41.72.

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 for the quarter, topping analysts' consensus estimates of $0.53 by $0.09. The company had revenue of $361.95 million for the quarter, compared to the consensus estimate of $350.73 million. Yelp had a net margin of 8.48% and a return on equity of 16.02%. Research analysts forecast that Yelp Inc. will post 1.8 EPS for the current fiscal year.

Yelp 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.