Acadian Asset Management LLC Sells 230,673 Shares of 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 lessened its holdings in Yelp Inc. (NYSE:YELP - Free Report) by 9.2% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,263,179 shares of the local business review company's stock after selling 230,673 shares during the period. Acadian Asset Management LLC owned approximately 3.48% of Yelp worth $83,784,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in YELP. Farther Finance Advisors LLC lifted its position in shares of Yelp by 307.4% during the 1st quarter. Farther Finance Advisors LLC now owns 1,096 shares of the local business review company's stock worth $42,000 after buying an additional 827 shares during the period. Bank Julius Baer & Co. Ltd Zurich acquired a new position in Yelp during the first quarter worth $52,000. BI Asset Management Fondsmaeglerselskab A S bought a new position in shares of Yelp during the first quarter valued at $62,000. McIlrath & Eck LLC acquired a new stake in shares of Yelp in the 4th quarter valued at $63,000. Finally, Fifth Third Bancorp boosted its stake in shares of Yelp by 57.7% in the 1st quarter. Fifth Third Bancorp now owns 1,725 shares of the local business review company's stock valued at $64,000 after purchasing an additional 631 shares in the last quarter. 90.11% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Yelp news, CFO David A. Schwarzbach sold 10,000 shares of the company's stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $31.43, for a total transaction of $314,300.00. Following the transaction, the chief financial officer directly owned 180,196 shares in the company, valued at approximately $5,663,560.28. This represents a 5.26% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Carmen Amara sold 1,500 shares of the firm's stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $32.33, for a total transaction of $48,495.00. Following the completion of the transaction, the insider directly owned 85,566 shares in the company, 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 have sold 25,700 shares of company stock valued at $848,899 over the last 90 days. 8.00% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. 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 dropped their price objective on shares of Yelp from $31.00 to $30.00 and set an "underperform" rating for the company in a report on Friday, August 8th. Four equities research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, Yelp has an average rating of "Reduce" and a consensus target price of $34.00.

Yelp Price Performance

Shares of YELP stock traded up $0.46 during trading hours on Monday, reaching $31.39. 284,306 shares of the company were exchanged, compared to its average volume of 815,100. Yelp Inc. has a fifty-two week low of $29.96 and a fifty-two week high of $41.72. The stock's fifty day moving average is $32.91 and its two-hundred day moving average is $34.83. The company has a market cap of $1.98 billion, a price-to-earnings ratio of 14.20, a P/E/G ratio of 0.77 and a beta of 1.03.

Yelp (NYSE:YELP - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The local business review company reported $0.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.19. The firm had revenue of $370.39 million for the quarter, compared to the consensus estimate of $365.71 million. Yelp had a return on equity of 20.17% and a net margin of 10.28%.The business's revenue for the quarter was up 3.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.54 EPS. Yelp has set its FY 2025 guidance at EPS. On average, research analysts anticipate 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.