Dynamic Technology Lab Private Ltd Acquires 13,338 Shares of Yelp Inc. (NYSE:YELP)

Dynamic Technology Lab Private Ltd grew its stake in Yelp Inc. (NYSE:YELP - Free Report) by 60.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 35,290 shares of the local business review company's stock after purchasing an additional 13,338 shares during the quarter. Dynamic Technology Lab Private Ltd owned about 0.05% of Yelp worth $1,366,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the stock. Allworth Financial LP increased its stake in 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 in the last quarter. Avion Wealth boosted its stake in Yelp by 1,963.6% in 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 lifted its holdings in shares of Yelp by 76.5% in the fourth quarter. Fifth Third Bancorp now owns 1,094 shares of the local business review company's stock valued at $42,000 after purchasing an additional 474 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of Yelp by 75.9% during the fourth quarter. GAMMA Investing LLC now owns 1,717 shares of the local business review company's stock worth $66,000 after buying an additional 741 shares in the last quarter. Finally, Asset Management One Co. Ltd. raised its position in Yelp by 16.9% in the 4th 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 during the last quarter. 90.11% of the stock is owned by institutional investors and hedge funds.

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Yelp Price Performance

YELP stock traded down $0.22 during trading on Friday, reaching $34.03. 143,014 shares of the company were exchanged, compared to its average volume of 736,453. Yelp Inc. has a twelve month low of $32.56 and a twelve month high of $41.72. The company has a market capitalization of $2.21 billion, a price-to-earnings ratio of 17.74, a P/E/G ratio of 0.76 and a beta of 1.08. The company has a 50-day moving average of $36.29 and a two-hundred day moving average of $36.92.

Yelp (NYSE:YELP - Get Free Report) last announced its quarterly earnings results on Thursday, February 13th. The local business review company reported $0.62 EPS for the quarter, beating 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 firm had revenue of $361.95 million for the quarter, compared to analyst estimates of $350.73 million. On average, analysts forecast that Yelp Inc. will post 2.22 EPS for the current year.

Wall Street Analyst Weigh In

Separately, Morgan Stanley lifted their price target on shares of Yelp from $34.00 to $35.00 and gave the company an "underweight" rating in a research note on Monday, January 13th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $37.17.

Insider Transactions at Yelp

In other news, CFO David A. Schwarzbach sold 10,000 shares of the business's stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $39.51, for a total value of $395,100.00. Following the transaction, the chief financial officer now directly owns 191,988 shares of the company's stock, valued at $7,585,445.88. The trade was a 4.95 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CTO Sam Eaton sold 21,989 shares of the company's stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $35.70, for a total value of $785,007.30. Following the sale, the chief technology officer now owns 153,159 shares in the company, valued at approximately $5,467,776.30. The trade was a 12.55 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 57,727 shares of company stock worth $2,081,667 over the last ninety days. 7.40% of the stock is owned by insiders.

About Yelp

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.