Yelp Inc. $YELP Shares Purchased by CX Institutional

Key Points

• CX Institutional increased its stake in Yelp Inc. by 90.5%, now owning approximately 0.22% of the company valued at $4.74 million.
• Yelp's recent earnings report revealed an EPS of $0.67, exceeding analyst expectations and signaling a 3.7% increase in revenue year-over-year.
• Bank of America downgraded Yelp's rating from "underperform" to a target price of $30, while the consensus rating remains at "Reduce" with an average target of $34.

CX Institutional raised its holdings in Yelp Inc. (NYSE:YELP - Free Report) by 90.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 138,318 shares of the local business review company's stock after buying an additional 65,704 shares during the quarter. CX Institutional owned 0.22% of Yelp worth $4,740,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Hancock Whitney Corp raised its stake in Yelp by 7.4% in the first quarter. Hancock Whitney Corp now owns 6,986 shares of the local business review company's stock valued at $259,000 after buying an additional 480 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Yelp by 0.7% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 76,376 shares of the local business review company's stock valued at $2,828,000 after buying an additional 506 shares in the last quarter. Signaturefd LLC increased its holdings in Yelp by 47.3% during the 1st quarter. Signaturefd LLC now owns 1,936 shares of the local business review company's stock worth $72,000 after purchasing an additional 622 shares in the last quarter. Fifth Third Bancorp raised its stake in Yelp by 57.7% during the first quarter. Fifth Third Bancorp now owns 1,725 shares of the local business review company's stock worth $64,000 after buying an additional 631 shares during the last quarter. Finally, Pinnacle Holdings LLC grew its position in Yelp by 2.1% during the first quarter. Pinnacle Holdings LLC now owns 34,649 shares of the local business review company's stock worth $1,283,000 after buying an additional 698 shares in the last quarter. Institutional investors own 90.11% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on YELP. Wall Street Zen lowered shares of Yelp from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 9th. Bank of America lowered their price objective on Yelp from $31.00 to $30.00 and set an "underperform" rating for the company in a research note on Friday, August 8th. Four analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat.com, Yelp presently has an average rating of "Reduce" and an average target price of $34.00.

Yelp Stock Down 1.0%

Yelp stock traded down $0.32 during trading hours on Friday, hitting $31.81. The stock had a trading volume of 2,281,558 shares, compared to its average volume of 814,664. Yelp Inc. has a 12-month low of $29.96 and a 12-month high of $41.72. The stock's 50-day moving average price is $32.62 and its 200-day moving average price is $34.75. The stock has a market capitalization of $2.01 billion, a P/E ratio of 14.39, a price-to-earnings-growth ratio of 0.79 and a beta of 1.03.

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 the consensus estimate of $0.48 by $0.19. Yelp had a net margin of 10.28% and a return on equity of 20.17%. The business had revenue of $370.39 million during the quarter, compared to the consensus estimate of $365.71 million. During the same period in the previous year, the firm posted $0.54 earnings per share. The business's revenue for the quarter was up 3.7% compared to the same quarter last year. Yelp has set its FY 2025 guidance at EPS. On average, research analysts expect that Yelp Inc. will post 2.22 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Craig Saldanha sold 1,200 shares of the company's stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $31.17, for a total value of $37,404.00. Following the completion of the transaction, the insider directly owned 203,700 shares in the company, valued at approximately $6,349,329. This represents a 0.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO David A. Schwarzbach sold 10,000 shares of the stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $31.24, for a total transaction of $312,400.00. Following the transaction, the chief financial officer owned 170,196 shares of the company's stock, valued at approximately $5,316,923.04. This represents a 5.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 35,700 shares of company stock worth $1,161,299. Corporate insiders own 7.40% 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.