Yelp Inc. (NYSE:YELP) Shares Bought by Deutsche Bank AG

Deutsche Bank AG increased its holdings in shares of Yelp Inc. (NYSE:YELP - Free Report) by 41.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 81,993 shares of the local business review company's stock after purchasing an additional 23,934 shares during the quarter. Deutsche Bank AG owned 0.12% of Yelp worth $3,173,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of YELP. Northern Trust Corp boosted its holdings in Yelp by 8.3% during the 4th quarter. Northern Trust Corp now owns 752,742 shares of the local business review company's stock valued at $29,131,000 after acquiring an additional 57,610 shares during the period. Barclays PLC boosted its holdings in Yelp by 347.9% during the 3rd quarter. Barclays PLC now owns 160,363 shares of the local business review company's stock valued at $5,627,000 after acquiring an additional 124,561 shares during the period. Bristlecone Advisors LLC purchased a new position in Yelp during the 4th quarter valued at about $1,197,000. Suncoast Equity Management purchased a new position in Yelp during the 4th quarter valued at about $721,000. Finally, Principal Financial Group Inc. boosted its holdings in Yelp by 3.1% during the 4th quarter. Principal Financial Group Inc. now owns 366,297 shares of the local business review company's stock valued at $14,176,000 after acquiring an additional 10,995 shares during the period. 90.11% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently commented on YELP. JPMorgan Chase & Co. lowered their target price on Yelp from $36.00 to $35.00 and set a "neutral" rating for the company in a report on Tuesday, April 22nd. Morgan Stanley lowered their target price on Yelp from $35.00 to $30.00 and set an "underweight" rating for the company in a report on Thursday, April 17th. Two analysts have rated the stock with a sell rating, five have given a hold rating and one has given a strong buy rating to the company. According to MarketBeat, Yelp presently has an average rating of "Hold" and an average target price of $34.00.

Insider Buying and Selling

In related news, CTO Sam Eaton sold 12,904 shares of the business's stock in a transaction that occurred on Thursday, May 22nd. The stock was sold at an average price of $38.18, for a total transaction of $492,674.72. Following the completion of the sale, the chief technology officer now owns 145,064 shares in the company, valued at $5,538,543.52. The trade was a 8.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO David A. Schwarzbach sold 10,000 shares of Yelp stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $34.80, for a total value of $348,000.00. Following the transaction, the chief financial officer now directly owns 242,916 shares in the company, valued at approximately $8,453,476.80. This trade represents a 3.95% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 48,642 shares of company stock worth $1,733,385 over the last 90 days. 8.00% of the stock is owned by insiders.

Yelp Stock Performance

Shares of YELP traded down $0.64 during midday trading on Friday, hitting $37.41. The company had a trading volume of 497,218 shares, compared to its average volume of 736,768. The company's 50-day simple moving average is $36.08 and its 200-day simple moving average is $37.28. The firm has a market capitalization of $2.39 billion, a P/E ratio of 19.49, a P/E/G ratio of 0.76 and a beta of 0.99. Yelp Inc. has a 1 year low of $32.29 and a 1 year high of $41.72.

Yelp (NYSE:YELP - Get Free Report) last posted its earnings results on Thursday, May 8th. The local business review company reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.05. The firm had revenue of $358.53 million during the quarter, compared to analysts' expectations of $353.48 million. Yelp had a return on equity of 18.07% and a net margin of 9.41%. The firm's revenue was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.20 earnings per share. Equities analysts predict that Yelp Inc. will post 2.22 earnings per share for the current fiscal 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.