AQR Capital Management LLC lifted its holdings in shares of Yelp Inc. (NYSE:YELP - Free Report) by 10.6% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 153,764 shares of the local business review company's stock after buying an additional 14,780 shares during the period. AQR Capital Management LLC owned 0.23% of Yelp worth $5,951,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Barclays PLC grew its position in shares of 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 during the last quarter. Franklin Resources Inc. boosted its stake in Yelp by 1.3% during the 3rd quarter. Franklin Resources Inc. now owns 125,492 shares of the local business review company's stock valued at $4,323,000 after purchasing an additional 1,587 shares during the period. GAMMA Investing LLC grew its position in Yelp by 75.9% in the 4th quarter. GAMMA Investing LLC now owns 1,717 shares of the local business review company's stock worth $66,000 after purchasing an additional 741 shares during the last quarter. CWA Asset Management Group LLC increased its stake in shares of Yelp by 23.4% in the fourth quarter. CWA Asset Management Group LLC now owns 12,796 shares of the local business review company's stock valued at $495,000 after purchasing an additional 2,423 shares during the period. Finally, Diversified Trust Co bought a new stake in shares of Yelp during the fourth quarter valued at approximately $205,000. Institutional investors and hedge funds own 90.11% of the company's stock.
Yelp Price Performance
Shares of YELP traded up $3.06 during midday trading on Friday, reaching $38.80. The stock had a trading volume of 1,417,343 shares, compared to its average volume of 734,484. The company has a market capitalization of $2.52 billion, a P/E ratio of 20.21, a P/E/G ratio of 0.76 and a beta of 0.99. The firm's 50 day moving average price is $35.25 and its 200-day moving average price is $36.98. Yelp Inc. has a 52 week low of $32.29 and a 52 week high of $41.72.
Yelp (NYSE:YELP - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The local business review company reported $0.36 EPS for the quarter, topping the consensus estimate of $0.31 by $0.05. The firm had revenue of $358.53 million for the quarter, compared to analysts' expectations of $353.48 million. Yelp had a net margin of 9.41% and a return on equity of 18.07%. Yelp's revenue for the quarter was up 7.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.20 earnings per share. On average, equities analysts forecast that Yelp Inc. will post 2.22 earnings per share for the current year.
Insider Buying and Selling
In other Yelp news, insider Carmen Amara sold 1,500 shares of the firm's stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $33.16, for a total value of $49,740.00. Following the completion of the transaction, the insider now directly owns 107,207 shares in the company, valued at $3,554,984.12. This trade represents a 1.38 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Craig Saldanha sold 1,000 shares of the business's stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $35.75, for a total transaction of $35,750.00. Following the sale, the insider now owns 211,558 shares in the company, valued at $7,563,198.50. This represents a 0.47 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 57,727 shares of company stock worth $2,025,717. Corporate insiders own 7.40% of the company's stock.
Wall Street Analysts Forecast Growth
Several analysts have weighed in on YELP shares. Morgan Stanley cut their target price on Yelp from $35.00 to $30.00 and set an "underweight" rating on the stock in a research note on Thursday, April 17th. JPMorgan Chase & Co. reduced their price objective on shares of Yelp from $36.00 to $35.00 and set a "neutral" rating for the company in a report on Tuesday, April 22nd. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $34.00.
Read Our Latest Research Report on YELP
About Yelp
(
Free Report)
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.
Featured Articles
Before you consider Yelp, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Yelp wasn't on the list.
While Yelp currently has a Reduce rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
