Susquehanna Fundamental Investments LLC Buys New Position in Yelp Inc. (NYSE:YELP)

Susquehanna Fundamental Investments LLC purchased a new stake in Yelp Inc. (NYSE:YELP - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 86,404 shares of the local business review company's stock, valued at approximately $3,344,000. Susquehanna Fundamental Investments LLC owned 0.13% of Yelp at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the stock. Barclays PLC raised its stake in Yelp by 347.9% during the third 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 in the last quarter. Bristlecone Advisors LLC acquired a new position in Yelp during the 4th quarter worth approximately $1,197,000. Suncoast Equity Management bought a new position in Yelp in the 4th quarter valued at approximately $721,000. Principal Financial Group Inc. boosted its position in Yelp by 3.1% in the fourth quarter. Principal Financial Group Inc. now owns 366,297 shares of the local business review company's stock valued at $14,176,000 after buying an additional 10,995 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC grew its stake in shares of Yelp by 332.0% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 15,195 shares of the local business review company's stock worth $588,000 after buying an additional 11,678 shares during the last quarter. 90.11% of the stock is currently owned by institutional investors.

Yelp Stock Performance

Shares of NYSE:YELP traded up $0.12 during midday trading on Friday, reaching $35.28. The company's stock had a trading volume of 516,668 shares, compared to its average volume of 738,927. Yelp Inc. has a fifty-two week low of $32.29 and a fifty-two week high of $41.72. The firm has a 50 day moving average price of $35.04 and a two-hundred day moving average price of $36.90. The firm has a market capitalization of $2.29 billion, a price-to-earnings ratio of 18.38, a PEG ratio of 0.76 and a beta of 1.08.

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 (EPS) for the quarter, beating the consensus estimate 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. As a group, research analysts anticipate that Yelp Inc. will post 2.22 earnings per share for the current year.

Insider Activity

In other Yelp news, insider Craig Saldanha sold 1,000 shares of the firm's stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $35.75, for a total value of $35,750.00. Following the completion of the sale, the insider now owns 211,558 shares of the company's stock, valued at approximately $7,563,198.50. This trade represents a 0.47 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CTO Sam Eaton sold 21,989 shares of the company's stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $35.70, for a total value of $785,007.30. Following the transaction, the chief technology officer now directly owns 153,159 shares in the company, valued at $5,467,776.30. The trade was a 12.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 57,727 shares of company stock worth $2,025,717 in the last three months. Company insiders own 7.40% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on YELP shares. JPMorgan Chase & Co. cut their price objective on Yelp from $36.00 to $35.00 and set a "neutral" rating on the stock in a report on Tuesday, April 22nd. Morgan Stanley reduced their price target on Yelp from $35.00 to $30.00 and set an "underweight" rating on the stock in a report on Thursday, April 17th. Two 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 given a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $36.33.

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.