Acadian Asset Management LLC Has $83.78 Million Holdings in Yelp Inc. $YELP

Key Points

• Acadian Asset Management LLC reduced its stake in Yelp Inc. by 9.2%, owning 2,263,179 shares valued at approximately $83.78 million at the end of the first quarter.
• Yelp's stock has a 52-week range of $29.96 to $41.72, and it recently reported an earnings per share of $0.67, exceeding analysts' expectations.
• Several institutional investors adjusted their positions in Yelp, with LSV Asset Management increasing its stake by 122.8% during the first quarter.

Acadian Asset Management LLC cut its holdings in shares of Yelp Inc. (NYSE:YELP - Free Report) by 9.2% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,263,179 shares of the local business review company's stock after selling 230,673 shares during the quarter. Acadian Asset Management LLC owned 3.48% of Yelp worth $83,784,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. LSV Asset Management raised its stake in shares of Yelp by 122.8% in the 1st quarter. LSV Asset Management now owns 1,902,318 shares of the local business review company's stock valued at $70,443,000 after acquiring an additional 1,048,451 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in shares of Yelp by 5.4% during the 1st quarter. Ameriprise Financial Inc. now owns 1,403,461 shares of the local business review company's stock worth $51,981,000 after purchasing an additional 71,626 shares in the last quarter. Nuveen Asset Management LLC grew its holdings in shares of Yelp by 1.5% during the 4th quarter. Nuveen Asset Management LLC now owns 650,433 shares of the local business review company's stock worth $25,172,000 after purchasing an additional 9,810 shares in the last quarter. Allianz Asset Management GmbH boosted its stake in Yelp by 2.6% in the 1st quarter. Allianz Asset Management GmbH now owns 555,797 shares of the local business review company's stock valued at $20,581,000 after buying an additional 13,943 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its stake in Yelp by 2.2% in the 1st quarter. Principal Financial Group Inc. now owns 374,536 shares of the local business review company's stock valued at $13,869,000 after buying an additional 8,239 shares in the last quarter. 90.11% of the stock is owned by hedge funds and other institutional investors.

Yelp Stock Performance

Shares of NYSE YELP opened at $31.39 on Wednesday. Yelp Inc. has a 52 week low of $29.96 and a 52 week high of $41.72. The stock has a market capitalization of $1.98 billion, a PE ratio of 14.24, a price-to-earnings-growth ratio of 0.79 and a beta of 1.03. The stock has a 50 day moving average price of $33.14 and a 200 day moving average price of $34.89.

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

Insider Buying and Selling

In other Yelp news, insider Craig Saldanha sold 1,200 shares of the firm's stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $31.17, for a total transaction of $37,404.00. Following the transaction, the insider owned 203,700 shares in the company, valued at $6,349,329. This trade represents a 0.59% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Carmen Amara sold 1,500 shares of Yelp stock in a transaction on Monday, August 25th. The shares were sold at an average price of $32.33, for a total value of $48,495.00. Following the completion of the transaction, the insider owned 85,566 shares in the company, valued at approximately $2,766,348.78. The trade was a 1.72% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 38,494 shares of company stock worth $1,305,389 in the last quarter. Insiders own 7.40% of the company's stock.

Wall Street Analyst Weigh In

YELP has been the topic of a number of recent analyst reports. Wall Street Zen lowered Yelp from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 9th. Bank of America cut their price target 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 investment analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of "Reduce" and a consensus target price of $34.00.

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.

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