Capital Fund Management S.A. Purchases 12,435 Shares of Yelp Inc. $YELP

Key Points

• Capital Fund Management S.A. increased its holdings in Yelp Inc. by 10.3% in the first quarter, owning 132,813 shares valued at approximately $4.9 million.
• Insiders at Yelp have sold over 42,000 shares in the last quarter, with notable sales by Craig Saldanha and Carmen Amara reducing their stakes in the company.
• Yelp stock has a recent price target of $30 from Bank of America, with the consensus rating categorized as "Reduce," reflecting cautious analysts' sentiments.

Capital Fund Management S.A. raised its stake in Yelp Inc. (NYSE:YELP - Free Report) by 10.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 132,813 shares of the local business review company's stock after buying an additional 12,435 shares during the quarter. Capital Fund Management S.A. owned 0.20% of Yelp worth $4,918,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the stock. Farther Finance Advisors LLC lifted its position 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 last quarter. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in shares of Yelp in the first quarter valued at approximately $52,000. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in shares of Yelp in the first quarter valued at approximately $62,000. McIlrath & Eck LLC acquired a new stake in shares of Yelp in the fourth quarter valued at approximately $63,000. Finally, Fifth Third Bancorp lifted its position in shares of Yelp by 57.7% in the first 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 last quarter. 90.11% of the stock is owned by institutional investors and hedge funds.

Yelp Price Performance

Yelp stock traded down $0.17 during mid-day trading on Thursday, reaching $31.35. 170,048 shares of the company were exchanged, compared to its average volume of 817,667. The company has a fifty day simple moving average of $33.63 and a 200-day simple moving average of $35.33. Yelp Inc. has a 12 month low of $29.96 and a 12 month high of $41.72. The firm has a market cap of $1.98 billion, a PE ratio of 14.18, a PEG ratio of 0.80 and a beta of 0.97.

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

Insider Buying and Selling

In other Yelp news, insider Carmen Amara sold 1,500 shares of the firm's stock in a transaction on Monday, August 25th. The stock was sold at an average price of $32.33, for a total transaction of $48,495.00. Following the transaction, the insider owned 85,566 shares in the company, valued at $2,766,348.78. This trade represents a 1.72% 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 Craig Saldanha sold 1,000 shares of the business's stock in a transaction on Monday, August 25th. The stock was sold at an average price of $32.33, for a total value of $32,330.00. Following the transaction, the insider directly owned 204,900 shares of the company's stock, valued at $6,624,417. This trade represents a 0.49% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 37,755 shares of company stock worth $1,285,051 in the last quarter. Insiders own 8.00% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on YELP shares. Bank of America cut their price objective on Yelp from $31.00 to $30.00 and set an "underperform" rating for the company in a research report on Friday, August 8th. Wall Street Zen cut Yelp from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 9th. Four investment analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock presently 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.