Deutsche Bank AG Cuts Holdings in Yelp Inc. $YELP

Key Points

• Deutsche Bank AG has reduced its stake in Yelp Inc. by 29.6%, holding approximately $2.14 million worth of shares after selling over 24,000 shares.
• Other hedge funds have significantly increased their positions in Yelp, with Ameriprise Financial boosting its stake by 375.2% in the last quarter.
• Yelp's stock received a downgrade from a "strong-buy" to a "buy" rating, and the consensus rating is now "Reduce" with an average target price of $34.00.

Deutsche Bank AG lessened its position in shares of Yelp Inc. (NYSE:YELP - Free Report) by 29.6% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 57,684 shares of the local business review company's stock after selling 24,309 shares during the period. Deutsche Bank AG owned 0.09% of Yelp worth $2,136,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. State of Wyoming raised its stake in Yelp by 3.5% during the fourth quarter. State of Wyoming now owns 9,030 shares of the local business review company's stock worth $349,000 after buying an additional 307 shares during the last quarter. Signaturefd LLC grew its holdings in Yelp by 47.3% in the first 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 during the period. Fifth Third Bancorp grew its holdings in Yelp by 57.7% in the first quarter. Fifth Third Bancorp now owns 1,725 shares of the local business review company's stock worth $64,000 after purchasing an additional 631 shares during the period. QRG Capital Management Inc. grew its holdings in Yelp by 11.4% in the first quarter. QRG Capital Management Inc. now owns 7,119 shares of the local business review company's stock worth $264,000 after purchasing an additional 728 shares during the period. Finally, Voya Investment Management LLC grew its holdings in Yelp by 0.5% in the fourth quarter. Voya Investment Management LLC now owns 151,552 shares of the local business review company's stock worth $5,865,000 after purchasing an additional 782 shares during the period. Institutional investors own 90.11% of the company's stock.

Insider Activity

In related news, CFO David A. Schwarzbach sold 10,000 shares of the business's stock in a transaction dated Thursday, July 17th. The shares were sold at an average price of $34.68, for a total transaction of $346,800.00. Following the transaction, the chief financial officer directly owned 199,654 shares in the company, valued at approximately $6,924,000.72. The trade was a 4.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Carmen Amara sold 1,500 shares of the business's stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $32.33, for a total transaction of $48,495.00. Following the transaction, the insider owned 85,566 shares in the company, valued at approximately $2,766,348.78. This trade represents a 1.72% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 27,755 shares of company stock valued at $970,751 in the last three months. 7.40% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. Wall Street Zen cut shares of Yelp from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 9th. Bank of America reduced their price target on shares of Yelp from $31.00 to $30.00 and set an "underperform" rating for the company in a report on Friday, August 8th. Four analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company has an average rating of "Reduce" and a consensus target price of $34.00.

Yelp Price Performance

Shares of NYSE YELP traded down $0.82 during mid-day trading on Tuesday, reaching $31.45. 1,071,396 shares of the company's stock traded hands, compared to its average volume of 1,021,495. The stock has a market cap of $1.98 billion, a P/E ratio of 14.23, a PEG ratio of 0.82 and a beta of 0.97. The business has a 50-day simple moving average of $33.70 and a 200 day simple moving average of $35.35. Yelp Inc. has a 1-year low of $29.96 and a 1-year high of $41.72.

Yelp (NYSE:YELP - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The local business review company reported $0.67 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.48 by $0.19. The firm had revenue of $370.39 million during the quarter, compared to analysts' expectations of $365.71 million. Yelp had a net margin of 10.28% and a return on equity of 20.17%. The business's revenue was up 3.7% on a year-over-year basis. During the same period last year, the company earned $0.54 earnings per share. Yelp has set its FY 2025 guidance at EPS. Equities research analysts anticipate 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.