DekaBank Deutsche Girozentrale Has $627,000 Stock Holdings in Yelp Inc. (NYSE:YELP)

DekaBank Deutsche Girozentrale raised its stake in shares of Yelp Inc. (NYSE:YELP - Free Report) by 424.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 17,080 shares of the local business review company's stock after purchasing an additional 13,822 shares during the quarter. DekaBank Deutsche Girozentrale's holdings in Yelp were worth $627,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Proficio Capital Partners LLC acquired a new stake in Yelp in the 4th quarter valued at $704,000. Raymond James Financial Inc. bought a new stake in Yelp in the 4th quarter valued at about $3,189,000. Natixis Advisors LLC boosted its holdings in Yelp by 42.6% in the 4th quarter. Natixis Advisors LLC now owns 16,967 shares of the local business review company's stock valued at $657,000 after purchasing an additional 5,071 shares during the period. Royce & Associates LP raised its position in shares of Yelp by 12.7% in the 4th quarter. Royce & Associates LP now owns 53,450 shares of the local business review company's stock valued at $2,069,000 after buying an additional 6,035 shares in the last quarter. Finally, Cibc World Markets Corp acquired a new position in shares of Yelp in the 4th quarter valued at approximately $234,000. 90.11% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Yelp

In other Yelp news, Director Dan Jedda sold 2,794 shares of the business's stock in a transaction that occurred 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 sale, the director owned 18,564 shares of the company's stock, valued at approximately $662,363.52. The trade was a 13.08% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO David A. Schwarzbach sold 10,000 shares of Yelp stock in a transaction that occurred on Monday, June 16th. The shares were sold at an average price of $35.68, for a total transaction 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. The trade was a 4.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 48,345 shares of company stock worth $1,804,076. 7.40% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

YELP has been the subject of several research reports. JPMorgan Chase & Co. dropped their price objective on shares of Yelp from $36.00 to $35.00 and set a "neutral" rating for the company in a research note on Tuesday, April 22nd. Wall Street Zen lowered shares of Yelp from a "strong-buy" rating to a "buy" rating in a report on Saturday, June 21st. Finally, Morgan Stanley decreased their price target on shares of Yelp from $35.00 to $30.00 and set an "underweight" rating for the company in a research note on Thursday, April 17th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $34.00.

Yelp Price Performance

NYSE:YELP opened at $34.14 on Monday. Yelp Inc. has a one year low of $32.29 and a one year high of $41.72. The company's 50-day simple moving average is $36.47 and its 200 day simple moving average is $36.75. The firm has a market capitalization of $2.18 billion, a P/E ratio of 16.41, a PEG ratio of 0.81 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 for the quarter, beating analysts' consensus estimates of $0.31 by $0.05. The company had revenue of $358.53 million for the quarter, compared to the consensus estimate of $353.48 million. Yelp had a net margin of 9.95% and a return on equity of 19.42%. The firm's revenue for the quarter was up 7.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.20 earnings per share. On average, equities research analysts expect that Yelp Inc. will post 2.22 earnings per share for the current fiscal year.

About Yelp

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.

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