Ameriprise Financial Inc. Has $51.98 Million Position in Yelp Inc. $YELP

Key Points

• Ameriprise Financial Inc. increased its stake in Yelp Inc. by 5.4% in Q1, acquiring an additional 71,626 shares to bring its total ownership to 1,403,461 shares, valued at approximately $51.98 million.
• Insider transactions included CFO David A. Schwarzbach selling 10,000 shares for about $314,300, resulting in a 5.26% decrease in his ownership.
• Yelp's stock updated figures include a market capitalization of $1.99 billion and a 12-month stock price range between $29.96 and $41.72.

Ameriprise Financial Inc. increased its holdings in shares of Yelp Inc. (NYSE:YELP - Free Report) by 5.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,403,461 shares of the local business review company's stock after buying an additional 71,626 shares during the period. Ameriprise Financial Inc. owned 2.16% of Yelp worth $51,981,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of YELP. Dimensional Fund Advisors LP raised its stake in shares of Yelp by 9.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,924,457 shares of the local business review company's stock worth $74,477,000 after buying an additional 164,149 shares during the last quarter. MetLife Investment Management LLC raised its holdings in Yelp by 5.4% in the fourth quarter. MetLife Investment Management LLC now owns 39,881 shares of the local business review company's stock worth $1,543,000 after purchasing an additional 2,053 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in Yelp by 10.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 46,523 shares of the local business review company's stock worth $1,801,000 after purchasing an additional 4,361 shares during the period. Voya Investment Management LLC raised its holdings in Yelp by 0.5% in the fourth quarter. Voya Investment Management LLC now owns 151,552 shares of the local business review company's stock worth $5,865,000 after purchasing an additional 782 shares during the period. Finally, Susquehanna Fundamental Investments LLC acquired a new stake in Yelp in the fourth quarter worth $3,344,000. 90.11% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. Bank of America cut their target price on shares of Yelp from $31.00 to $30.00 and set an "underperform" rating on the stock in a report on Friday, August 8th. Wall Street Zen lowered shares of Yelp from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 9th. Four analysts have rated the stock with a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Reduce" and an average target price of $34.00.

Yelp Stock Performance

Yelp stock traded up $0.32 during mid-day trading on Monday, reaching $31.61. The company's stock had a trading volume of 891,719 shares, compared to its average volume of 1,063,978. The business's 50 day simple moving average is $33.51 and its 200 day simple moving average is $35.14. Yelp Inc. has a 12 month low of $29.96 and a 12 month high of $41.72. The company has a market capitalization of $1.99 billion, a price-to-earnings 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 announced its quarterly earnings data on Thursday, August 7th. The local business review company reported $0.67 EPS for the quarter, beating analysts' consensus estimates of $0.48 by $0.19. Yelp had a net margin of 10.28% and a return on equity of 20.17%. The company had revenue of $370.39 million during the quarter, compared to the consensus estimate of $365.71 million. During the same quarter last year, the firm posted $0.54 EPS. The company's quarterly revenue was up 3.7% on a year-over-year basis. Yelp has set its FY 2025 guidance at EPS. As a group, sell-side analysts expect that Yelp Inc. will post 2.22 EPS for the current year.

Insider Activity at Yelp

In other Yelp news, insider Craig Saldanha sold 1,000 shares of Yelp stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $32.33, for a total value of $32,330.00. Following the completion of the sale, the insider owned 204,900 shares in the company, valued at $6,624,417. The trade was a 0.49% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Dan Jedda sold 2,794 shares of Yelp stock in a transaction dated Monday, June 16th. The stock was sold at an average price of $35.68, for a total transaction of $99,689.92. Following the completion of the sale, the director owned 18,564 shares of the company's stock, valued at $662,363.52. This trade represents a 13.08% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 37,755 shares of company stock worth $1,285,051. 7.40% of the stock is currently owned by corporate insiders.

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.