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

Ceera Investments LLC grew its holdings in Yelp Inc. (NYSE:YELP - Free Report) by 5.0% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 224,590 shares of the local business review company's stock after buying an additional 10,632 shares during the quarter. Yelp makes up about 2.9% of Ceera Investments LLC's investment portfolio, making the stock its 5th largest holding. Ceera Investments LLC owned approximately 0.35% of Yelp worth $8,317,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Principal Financial Group Inc. lifted its stake in Yelp by 2.2% in the first quarter. Principal Financial Group Inc. now owns 374,536 shares of the local business review company's stock worth $13,869,000 after acquiring an additional 8,239 shares during the period. Elevate Capital Advisors LLC bought a new stake in shares of Yelp during the 1st quarter valued at about $2,766,000. New York State Teachers Retirement System boosted its stake in shares of Yelp by 2.1% during the 1st quarter. New York State Teachers Retirement System now owns 49,192 shares of the local business review company's stock valued at $1,822,000 after purchasing an additional 993 shares in the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of Yelp by 272.5% during the first quarter. Allspring Global Investments Holdings LLC now owns 56,595 shares of the local business review company's stock valued at $2,160,000 after buying an additional 41,400 shares during the period. Finally, Robeco Institutional Asset Management B.V. raised its stake in Yelp by 6.2% in the first quarter. Robeco Institutional Asset Management B.V. now owns 355,748 shares of the local business review company's stock worth $13,173,000 after buying an additional 20,786 shares in the last quarter. Hedge funds and other institutional investors own 90.11% of the company's stock.

Yelp Stock Up 0.2%

Shares of NYSE:YELP traded up $0.08 on Tuesday, hitting $34.64. 772,893 shares of the company traded hands, compared to its average volume of 768,163. The stock has a 50 day simple moving average of $36.51 and a 200-day simple moving average of $36.86. The company has a market cap of $2.21 billion, a PE ratio of 16.65, a PEG ratio of 0.81 and a beta of 0.98. Yelp Inc. has a 52 week low of $32.29 and a 52 week high of $41.72.

Yelp (NYSE:YELP - Get Free Report) last issued its earnings results 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. The business had revenue of $358.53 million during the quarter, compared to analysts' expectations of $353.48 million. Yelp had a net margin of 9.95% and a return on equity of 19.42%. The business's revenue for the quarter was up 7.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.20 earnings per share. As a group, sell-side analysts anticipate that Yelp Inc. will post 2.22 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. Wall Street Zen downgraded Yelp from a "strong-buy" rating to a "buy" rating in a report on Saturday, June 21st. JPMorgan Chase & Co. lowered their price objective on Yelp from $36.00 to $35.00 and set a "neutral" rating for the company in a research report on Tuesday, April 22nd. Finally, Morgan Stanley reduced their target price on shares of Yelp from $35.00 to $30.00 and set an "underweight" rating on the stock in a research report on Thursday, April 17th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $34.00.

Insiders Place Their Bets

In other Yelp news, CTO Sam Eaton sold 12,904 shares of the firm's stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $38.18, for a total value of $492,674.72. Following the transaction, the chief technology officer directly owned 145,064 shares of the company's stock, valued at approximately $5,538,543.52. This trade represents a 8.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO David A. Schwarzbach sold 10,000 shares of the business's stock in a transaction dated Monday, June 16th. The shares were sold at an average price of $35.68, for a total value of $356,800.00. Following the sale, the chief financial officer owned 209,654 shares of the company's stock, valued at approximately $7,480,454.72. This represents a 4.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 58,345 shares of company stock worth $2,147,176. 7.40% of the stock is 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.