Allianz Asset Management GmbH Buys 13,943 Shares of Yelp Inc. (NYSE:YELP)

Allianz Asset Management GmbH increased its stake in Yelp Inc. (NYSE:YELP - Free Report) by 2.6% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 555,797 shares of the local business review company's stock after buying an additional 13,943 shares during the quarter. Allianz Asset Management GmbH owned about 0.85% of Yelp worth $20,581,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC lifted its holdings in shares of Yelp by 307.4% in the first quarter. Farther Finance Advisors LLC now owns 1,096 shares of the local business review company's stock valued at $42,000 after buying an additional 827 shares during the period. McIlrath & Eck LLC acquired a new stake in shares of Yelp during the fourth quarter worth approximately $63,000. Fifth Third Bancorp increased its stake in 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 buying an additional 631 shares during the period. Signaturefd LLC increased its stake in shares of Yelp by 47.3% in the first quarter. Signaturefd LLC now owns 1,936 shares of the local business review company's stock worth $72,000 after acquiring an additional 622 shares during the last quarter. Finally, Parallel Advisors LLC increased its holdings in Yelp by 78.3% in the first quarter. Parallel Advisors LLC now owns 2,585 shares of the local business review company's stock worth $96,000 after buying an additional 1,135 shares during the last quarter. Institutional investors and hedge funds own 90.11% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently commented on YELP. Wall Street Zen raised shares of Yelp from a "buy" rating to a "strong-buy" rating in a research report on Friday, July 18th. JPMorgan Chase & Co. decreased their target price on Yelp from $36.00 to $35.00 and set a "neutral" rating for the company in a research note on Tuesday, April 22nd. Finally, Morgan Stanley cut their price target on Yelp from $35.00 to $30.00 and set an "underweight" rating for the company in a report on Thursday, April 17th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Yelp currently has a consensus rating of "Hold" and an average target price of $34.00.

Insider Buying and Selling at Yelp

In related news, insider Craig Saldanha sold 1,000 shares of the company's stock in a transaction that occurred on Wednesday, July 23rd. The stock was sold at an average price of $35.23, for a total value of $35,230.00. Following the transaction, the insider owned 212,720 shares in the company, valued at approximately $7,494,125.60. This represents a 0.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO David A. Schwarzbach sold 10,000 shares of the stock in a transaction on Thursday, July 17th. The stock was sold at an average price of $34.68, for a total value of $346,800.00. Following the sale, the chief financial officer owned 199,654 shares in the company, valued at approximately $6,924,000.72. This represents a 4.77% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 58,345 shares of company stock worth $2,151,656. 8.00% of the stock is currently owned by insiders.

Yelp Trading Down 1.0%

NYSE YELP traded down $0.35 during midday trading on Friday, hitting $34.73. The company had a trading volume of 486,251 shares, compared to its average volume of 693,387. The firm has a 50-day moving average price of $35.90 and a 200-day moving average price of $36.52. Yelp Inc. has a twelve month low of $32.28 and a twelve month high of $41.72. The company has a market capitalization of $2.22 billion, a PE ratio of 16.69, a P/E/G ratio of 0.83 and a beta of 0.98.

Yelp (NYSE:YELP - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The local business review company reported $0.36 earnings per share for the quarter, beating analysts' consensus estimates of $0.31 by $0.05. Yelp had a return on equity of 19.42% and a net margin of 9.95%. The business had revenue of $358.53 million during the quarter, compared to the consensus estimate of $353.48 million. During the same period in the prior year, the business posted $0.20 earnings per share. Yelp's quarterly revenue was up 7.7% on a year-over-year basis. On average, equities analysts anticipate that Yelp Inc. will post 2.22 EPS 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.