Deutsche Bank AG Has $2.14 Million Position 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 reduced its stake in Yelp Inc. (NYSE:YELP - Free Report) by 29.6% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 57,684 shares of the local business review company's stock after selling 24,309 shares during the period. Deutsche Bank AG owned about 0.09% of Yelp worth $2,136,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in YELP. Ameriprise Financial Inc. boosted its stake in shares of Yelp by 375.2% in the 4th quarter. Ameriprise Financial Inc. now owns 1,331,835 shares of the local business review company's stock valued at $51,542,000 after purchasing an additional 1,051,588 shares in the last quarter. LSV Asset Management boosted its stake in shares of Yelp by 122.8% in the 1st quarter. LSV Asset Management now owns 1,902,318 shares of the local business review company's stock valued at $70,443,000 after purchasing an additional 1,048,451 shares in the last quarter. Jupiter Asset Management Ltd. boosted its stake in shares of Yelp by 1,620.5% in the 1st quarter. Jupiter Asset Management Ltd. now owns 204,587 shares of the local business review company's stock valued at $7,576,000 after purchasing an additional 192,696 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Yelp by 9.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,924,457 shares of the local business review company's stock valued at $74,477,000 after purchasing an additional 164,149 shares in the last quarter. Finally, Moran Wealth Management LLC acquired a new stake in Yelp during the 1st quarter worth approximately $5,134,000. 90.11% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Yelp Stock Performance

Yelp stock opened at $30.9990 on Thursday. Yelp Inc. has a 52-week low of $29.96 and a 52-week high of $41.72. The firm has a 50 day moving average price of $33.99 and a two-hundred day moving average price of $35.60. The firm has a market cap of $1.95 billion, a price-to-earnings ratio of 14.03, a PEG ratio of 0.78 and a beta of 0.97.

Yelp (NYSE:YELP - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The local business review company reported $0.67 earnings per share (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 firm had revenue of $370.39 million during the quarter, compared to analyst estimates of $365.71 million. During the same quarter last year, the business earned $0.54 EPS. The company's revenue was up 3.7% compared to the same quarter last year. Yelp has set its FY 2025 guidance at EPS. As a group, equities research analysts predict that Yelp Inc. will post 2.22 EPS for the current fiscal year.

Insider Activity

In other Yelp news, insider Carmen Amara sold 6,886 shares of the firm's stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $38.19, for a total transaction of $262,976.34. Following the completion of the transaction, the insider owned 92,253 shares in the company, valued at approximately $3,523,142.07. This trade represents a 6.95% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO David A. Schwarzbach sold 10,000 shares of the firm's stock in a transaction that occurred on Thursday, July 17th. The stock was sold at an average price of $34.68, for a total transaction of $346,800.00. Following the transaction, the chief financial officer owned 199,654 shares of the company's stock, valued at approximately $6,924,000.72. The trade was a 4.77% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 45,441 shares of company stock worth $1,658,981 in the last 90 days. 8.00% of the stock is owned by company 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.

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