BNP Paribas Financial Markets Has $1.07 Million Position in Yelp Inc. (NYSE:YELP)

BNP Paribas Financial Markets reduced its stake in shares of Yelp Inc. (NYSE:YELP - Free Report) by 24.5% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 27,736 shares of the local business review company's stock after selling 9,002 shares during the period. BNP Paribas Financial Markets' holdings in Yelp were worth $1,073,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Allworth Financial LP grew its holdings in shares of Yelp by 82.5% during the 4th quarter. Allworth Financial LP now owns 637 shares of the local business review company's stock valued at $25,000 after acquiring an additional 288 shares in the last quarter. Avion Wealth grew its holdings in shares of Yelp by 1,963.6% during the 4th quarter. Avion Wealth now owns 908 shares of the local business review company's stock valued at $35,000 after acquiring an additional 864 shares in the last quarter. Fifth Third Bancorp grew its holdings in shares of Yelp by 76.5% during the 4th quarter. Fifth Third Bancorp now owns 1,094 shares of the local business review company's stock valued at $42,000 after acquiring an additional 474 shares in the last quarter. Asset Management One Co. Ltd. grew its holdings in shares of Yelp by 16.9% during the 4th quarter. Asset Management One Co. Ltd. now owns 1,815 shares of the local business review company's stock valued at $70,000 after acquiring an additional 263 shares in the last quarter. Finally, Smartleaf Asset Management LLC grew its holdings in shares of Yelp by 445.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,061 shares of the local business review company's stock valued at $80,000 after acquiring an additional 1,683 shares in the last quarter. 90.11% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on YELP shares. JPMorgan Chase & Co. lowered their price target on shares of Yelp from $36.00 to $35.00 and set a "neutral" rating on the stock in a report on Tuesday, April 22nd. Morgan Stanley decreased their price objective on shares of Yelp from $35.00 to $30.00 and set an "underweight" rating for the company in a report on Thursday, April 17th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $34.00.

Yelp Price Performance

NYSE:YELP traded down $0.64 during trading hours on Friday, reaching $37.41. The company's stock had a trading volume of 497,218 shares, compared to its average volume of 736,768. The company has a market cap of $2.39 billion, a price-to-earnings ratio of 19.49, a price-to-earnings-growth ratio of 0.76 and a beta of 0.99. Yelp Inc. has a one year low of $32.29 and a one year high of $41.72. The business's 50-day moving average is $36.08 and its 200-day moving average is $37.28.

Yelp (NYSE:YELP - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The local business review company reported $0.36 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.31 by $0.05. The firm had revenue of $358.53 million during the quarter, compared to analysts' expectations of $353.48 million. Yelp had a net margin of 9.41% and a return on equity of 18.07%. Yelp's revenue for the quarter was up 7.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.20 earnings per share. On average, sell-side analysts predict that Yelp Inc. will post 2.22 EPS for the current fiscal year.

Insiders Place Their Bets

In other Yelp news, insider Craig Saldanha sold 1,000 shares of the business's stock in a transaction on Monday, February 24th. The shares were sold at an average price of $35.75, for a total transaction of $35,750.00. Following the completion of the transaction, the insider now owns 211,558 shares of the company's stock, valued at $7,563,198.50. The trade was a 0.47% 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, CTO Sam Eaton sold 12,904 shares of the company's stock in a transaction dated Thursday, May 22nd. The shares were sold at an average price of $38.18, for a total transaction of $492,674.72. Following the transaction, the chief technology officer now directly owns 145,064 shares of the company's stock, valued at $5,538,543.52. This represents a 8.17% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 48,642 shares of company stock valued at $1,733,385 in the last quarter. Insiders own 8.00% of the company's stock.

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.