Yelp Inc. (NYSE:YELP) Shares Sold by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lessened its holdings in shares of Yelp Inc. (NYSE:YELP - Free Report) by 2.8% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,141,371 shares of the local business review company's stock after selling 33,236 shares during the period. Charles Schwab Investment Management Inc. owned 1.73% of Yelp worth $44,171,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Silver Coast Investments LLC acquired a new position in Yelp during the fourth quarter worth approximately $210,000. Smartleaf Asset Management LLC increased its position in Yelp by 445.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,061 shares of the local business review company's stock worth $80,000 after buying an additional 1,683 shares during the period. Wakefield Asset Management LLLP acquired a new position in Yelp during the fourth quarter worth approximately $1,051,000. Proficio Capital Partners LLC acquired a new position in Yelp during the fourth quarter worth approximately $704,000. Finally, Y Intercept Hong Kong Ltd increased its position in Yelp by 15.3% during the fourth quarter. Y Intercept Hong Kong Ltd now owns 14,219 shares of the local business review company's stock worth $550,000 after buying an additional 1,890 shares during the period. Institutional investors and hedge funds own 90.11% of the company's stock.

Yelp Price Performance

Shares of YELP stock traded down $0.06 during midday trading on Tuesday, hitting $35.03. The company had a trading volume of 611,625 shares, compared to its average volume of 678,498. Yelp Inc. has a 52-week low of $32.56 and a 52-week high of $41.72. The stock has a market cap of $2.28 billion, a price-to-earnings ratio of 18.24, a PEG ratio of 0.76 and a beta of 1.40. The company's 50 day simple moving average is $37.76 and its 200 day simple moving average is $36.68.

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Yelp (NYSE:YELP - Get Free Report) last announced its quarterly earnings data 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. 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. Analysts anticipate that Yelp Inc. will post 2.22 EPS for the current year.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling

In other Yelp news, CFO David A. Schwarzbach sold 10,000 shares of the company's stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $39.51, for a total value of $395,100.00. Following the sale, the chief financial officer now owns 191,988 shares of the company's stock, valued at approximately $7,585,445.88. This represents a 4.95 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Craig Saldanha sold 1,000 shares of the company's stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of $38.40, for a total value of $38,400.00. Following the completion of the sale, the insider now directly owns 182,558 shares in the company, valued at $7,010,227.20. This trade represents a 0.54 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 57,727 shares of company stock valued at $2,083,317 over the last quarter. 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.