Ceera Investments LLC Has $8.32 Million Stock Position in Yelp Inc. (NYSE:YELP)

Ceera Investments LLC raised its position in Yelp Inc. (NYSE:YELP - Free Report) by 5.0% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 224,590 shares of the local business review company's stock after buying an additional 10,632 shares during the period. Yelp accounts for about 2.9% of Ceera Investments LLC's investment portfolio, making the stock its 5th biggest position. Ceera Investments LLC owned 0.35% of Yelp worth $8,317,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP boosted its position in Yelp by 9.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,924,457 shares of the local business review company's stock valued at $74,477,000 after buying an additional 164,149 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its position in shares of Yelp by 16.1% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,845,575 shares of the local business review company's stock worth $71,424,000 after purchasing an additional 255,775 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Yelp by 0.9% during the fourth quarter. Geode Capital Management LLC now owns 1,774,878 shares of the local business review company's stock worth $68,702,000 after purchasing an additional 15,649 shares in the last quarter. Ameriprise Financial Inc. lifted its position in shares of Yelp by 375.2% during the fourth quarter. Ameriprise Financial Inc. now owns 1,331,835 shares of the local business review company's stock worth $51,542,000 after purchasing an additional 1,051,588 shares in the last quarter. Finally, LSV Asset Management lifted its position in shares of Yelp by 163.4% during the fourth quarter. LSV Asset Management now owns 853,867 shares of the local business review company's stock worth $33,045,000 after purchasing an additional 529,667 shares in the last quarter. 90.11% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Yelp

In other Yelp news, CTO Sam Eaton sold 12,904 shares of the stock in a transaction on Thursday, May 22nd. The shares were sold at an average price of $38.18, for a total value of $492,674.72. Following the completion of the sale, the chief technology officer owned 145,064 shares in the company, valued at $5,538,543.52. This trade represents a 8.17% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Dan Jedda sold 2,794 shares of the stock in a transaction on Monday, June 16th. The shares were 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 approximately $662,363.52. This represents a 13.08% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 58,345 shares of company stock valued at $2,147,176 in the last three months. 7.40% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on YELP shares. Wall Street Zen lowered shares of Yelp from a "strong-buy" rating to a "buy" rating in a research report on Saturday, June 21st. Morgan Stanley cut their price objective on shares of Yelp from $35.00 to $30.00 and set an "underweight" rating on the stock in a report on Thursday, April 17th. Finally, JPMorgan Chase & Co. cut their price objective 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. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $34.00.

Yelp Trading Up 0.5%

Shares of YELP stock traded up $0.17 during trading hours on Friday, hitting $35.21. 452,612 shares of the company were exchanged, compared to its average volume of 766,092. The business has a 50 day moving average of $36.55 and a two-hundred day moving average of $36.90. Yelp Inc. has a 52 week low of $32.29 and a 52 week high of $41.72. The company has a market capitalization of $2.25 billion, a PE ratio of 16.93, a PEG ratio of 0.83 and a beta of 0.98.

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 the consensus estimate of $0.31 by $0.05. Yelp had a net margin of 9.95% and a return on equity of 19.42%. The company had revenue of $358.53 million during the quarter, compared to the consensus estimate of $353.48 million. During the same quarter in the prior year, the firm earned $0.20 earnings per share. The firm's revenue was up 7.7% compared to the same quarter last year. On average, research analysts forecast that Yelp Inc. will post 2.22 EPS for the current year.

Yelp Company 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.