Jump Financial LLC Makes New $1.95 Million Investment in Yelp Inc. $YELP

Key Points

• Jump Financial LLC has acquired 52,519 shares of Yelp Inc. valued at approximately $1,945,000, representing 0.08% ownership as disclosed in their SEC filing.
• Yelp's latest earnings report showed earnings per share of $0.67, surpassing the consensus estimate of $0.48, with a revenue increase of 3.7% year-over-year to $370.39 million.
• Yelp's stock has faced downgrades from analysts, with Bank of America lowering its price target from $31.00 to $30.00 and a current consensus target price of $34.00.

Jump Financial LLC purchased a new position in shares of Yelp Inc. (NYSE:YELP - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 52,519 shares of the local business review company's stock, valued at approximately $1,945,000. Jump Financial LLC owned about 0.08% of Yelp as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of YELP. Ameriprise Financial Inc. increased its position in Yelp by 5.4% in the 1st quarter. Ameriprise Financial Inc. now owns 1,403,461 shares of the local business review company's stock valued at $51,981,000 after buying an additional 71,626 shares in the last quarter. Martingale Asset Management L P grew its stake in shares of Yelp by 3.9% during the 1st quarter. Martingale Asset Management L P now owns 63,091 shares of the local business review company's stock worth $2,336,000 after acquiring an additional 2,394 shares during the period. Capital Fund Management S.A. lifted its holdings in shares of Yelp by 10.3% in the first quarter. Capital Fund Management S.A. now owns 132,813 shares of the local business review company's stock worth $4,918,000 after buying an additional 12,435 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S purchased a new position in shares of Yelp during the first quarter worth about $62,000. Finally, Hsbc Holdings PLC raised its holdings in shares of Yelp by 71.0% during the 1st quarter. Hsbc Holdings PLC now owns 70,409 shares of the local business review company's stock valued at $2,595,000 after buying an additional 29,232 shares in the last quarter. Institutional investors own 90.11% of the company's stock.

Insiders Place Their Bets

In other news, Director Dan Jedda sold 2,794 shares of the company's stock in a transaction dated Monday, June 16th. The shares were sold at an average price of $35.68, for a total transaction of $99,689.92. Following the completion of the transaction, the director owned 18,564 shares of the company's stock, valued at $662,363.52. This represents a 13.08% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Carmen Amara sold 1,500 shares of the company's stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $32.33, for a total transaction of $48,495.00. Following the transaction, the insider directly owned 85,566 shares of the company's stock, valued at $2,766,348.78. This trade represents a 1.72% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 37,755 shares of company stock valued at $1,285,051 in the last quarter. Corporate insiders own 7.40% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on YELP. Wall Street Zen cut shares of Yelp from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 9th. Bank of America decreased their price objective on Yelp from $31.00 to $30.00 and set an "underperform" rating on the stock in a research note on Friday, August 8th. Four analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, Yelp presently has an average rating of "Reduce" and an average price target of $34.00.

Yelp Trading Up 1.0%

NYSE YELP traded up $0.32 on Monday, reaching $31.61. 891,719 shares of the company were exchanged, compared to its average volume of 1,063,978. Yelp Inc. has a fifty-two week low of $29.96 and a fifty-two week high of $41.72. The business's fifty day moving average price is $33.51 and its 200 day moving average price is $35.14. The stock has a market capitalization of $1.99 billion, a P/E ratio of 14.30, a price-to-earnings-growth ratio of 0.80 and a beta of 1.03.

Yelp (NYSE:YELP - Get Free Report) last issued its earnings results on Thursday, August 7th. The local business review company reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.19. Yelp had a net margin of 10.28% and a return on equity of 20.17%. The business had revenue of $370.39 million during the quarter, compared to analysts' expectations of $365.71 million. During the same quarter in the prior year, the business posted $0.54 EPS. The company's revenue for the quarter was up 3.7% on a year-over-year basis. Yelp has set its FY 2025 guidance at EPS. Equities research analysts forecast that Yelp Inc. will post 2.22 earnings per share for the current 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.